No New Foreclosure Wave in Sight for California: Report

No New Foreclosure Wave in Sight for California: Report

Foreclosure activity in California was again mixed last month, according to ForeclosureRadar. The company's latest report shows that foreclosure filings and cancellations dropped in July after rising the month before, while foreclosure sales rose. But even with the wrong indicators heading upward and a large "shadow inventory" of properties in default, ForeclosureRadar says it doesn't expect the foreclosure picture in the Golden State to worsen any time soon, namely because it currently takes lenders 226 days to complete the process.

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SUNIL SETHI REAL ESTATE

Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI  REAL ESTATE
38750 Paseo Padre Pwky Suite B3 / Fremont, CA 94536
www.sunilsethi.com

CA DRE#: 01173766