Fewer Foreclosures; the worst is past us!

The worst of the foreclosure activity looks to be behind us.

 

From DS News:

California Sees Fewer Homes Going into and Getting Lost to Foreclosure

California may have some rough patches in it, but overall, with the worst part of the housing crises appearing to be over, the state is seeing fewer delinquencies and losing a smaller number of homes to foreclosure, according to a San Diego-based real estate data provider. A total of 56,258 Notices of Default (NODs) were recorded at county recorders offices in California during the first quarter of 2012, the lowest level since the second quarter of 2007 when 53,943 NODs were recorded, according to DataQuick. NOD filings peaked in the first quarter of 2009 at 135,431. » Read More

 

- sunil

 

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