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.
SUNIL SETHI REAL ESTATE
Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI REAL ESTATE
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