Dramatic Declines in Foreclosure Activity In California - 01/15/10 01:04 PM

Dramatic Declines in Foreclosure Activity
Banks cancel more foreclosures then they sell for first time
Discovery Bay, CA, January 12, 2010 - ForeclosureRadar (www.foreclosureradar.com), the only website that tracks every California foreclosure and provides daily auction updates, issued its monthly California Foreclosure Report for December 2009. Foreclosure activity dropped dramatically in December, especially when looked at on a daily average basis. For example while Notices of Default dropped 17.5 percent in aggregate, they actually dropped 32.5 percent on a daily average basis due to the fact that December had 22 days on which documents were recorded, versus 18 in November. 
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Dramatic Declines in Foreclosure Activity In California - 01/15/10 01:03 PM

Dramatic Declines in Foreclosure Activity
Banks cancel more foreclosures then they sell for first time
Discovery Bay, CA, January 12, 2010 - ForeclosureRadar (www.foreclosureradar.com), the only website that tracks every California foreclosure and provides daily auction updates, issued its monthly California Foreclosure Report for December 2009. Foreclosure activity dropped dramatically in December, especially when looked at on a daily average basis. For example while Notices of Default dropped 17.5 percent in aggregate, they actually dropped 32.5 percent on a daily average basis due to the fact that December had 22 days on which documents were recorded, versus 18 in November. 
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Pacific Grove, CA city council approves short term vacation rentals - 01/07/10 06:26 PM
It's now legal to rent your house to short-term vacationers in Pacific Grove.
Wednesday, the City Council unanimously approved an ordinance regulating such rentals by establishing a registration, inspection and licensing procedure and requiring landlords to pay the city's 10 percent hotel room tax.
Get the rest of the story here:
http://www.montereyherald.com/local/ci_14139982?nclick_check=1
 
 
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