Foreclosures Drop Sharply in California

By
Real Estate Agent with TIM LORENZ - Elite Home Sales Team DRE# 00919781

Foreclosures Drop Sharply in California

According to ForeclosureRadar statistics foreclosures have dropped sharply in California.  We have now 53 percent fewer foreclosures.  That is a significant drop for year over year. 

Shean O'Tool stated, "Clearly we still have far too many homeowners in trouble, and with the recent Attorney General settlement over 'robo-signing' and other issues, it seems completely logical that a wave of foreclosures would follow.  It won't."

 

 

Comments (6)

Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

I love hearing good news about the California real estate market!  In Palos Verdes we have very few foreclosures.

Apr 22, 2012 06:54 AM
Team Honeycutt
Allen Tate - Concord, NC

I am so glad to hear that your foreclosures are dropping im California.  Ours seem to be getting better also. It will be so good when a foreclosure will become a rare thing instead of a common everyday thing.

Betty

Apr 22, 2012 06:59 AM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Thank you for the encouraging news this is what we have needed to see.

Apr 22, 2012 07:17 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Norma

Yes it is a great sign of a good summer market.

Apr 22, 2012 07:29 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Betty

It is truely the best of signs.  The only other sign we need is the one where prices go up.

Apr 22, 2012 07:29 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Your welcome Mark.

Apr 22, 2012 08:52 AM