Real estate blog entries tagged with california short sales by Ed Brophy - REALTOR®

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Home : Blogs : Ed Brophy - REALTOR® - DRE #01344385 : Ed Brophy's Mortgage Update : Tag "california short sales"

california short sales: Foreclosure Activity Slows For The First Time In Several Years - 05/18/10 01:42 PM

The national foreclosure rate is finally falling.
According to foreclosure-tracking firm RealtyTrac.com, the number of foreclosure notices dropped 2 percent between April 2009 and April 2010.
Two percent may not seem like much, but it’s the first time in the history of the RealtyTrac report that the annual foreclosure rate has dropped.
To be sure, foreclosure rates remain elevated — more than 300,000 were reported last month, but default notices appear to be approaching a plateau.
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Ed Brophy - REALTOR® - DRE #01344385

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