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IPFS News Link • Depression

Foreclosure starts up nearly 20 percent in California

03/15/2010 • By DISCOVERY BAY, centralvalleybusinesstimes.com

After reaching the lowest level in a year in January, Notice of Defaults, the start of the foreclosure process, increased by 19.7 percent in February, according to a report Monday from ForeclosureRadar Inc., a Discovery Bay-based foreclosure information company that says it tracks every California foreclosure. The number of properties scheduled for foreclosure sale remained near record levels in February, yet foreclosure sales, either “Back to Bank” or “Sold to Third Parties,” dropped by 11.9 percent total.

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Reported By Lauren Roseman

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