Read our latest California Foreclosure Report: DOWNLOAD HERE
Highlights from this report:
- Foreclosure filings were down in April for the first time since the beginning of the year.
- Despite the decline in filings, the inventory of properties in preforeclosure or scheduled for sale only dipped slightly as the drop in filings were offset by an increase in the time to foreclose.
- Cancellations continue to climb, up more than 32 percent from the beginning of the year.
- The number of properties sold to 3rd parties also continues to climb, helped again this month by slightly better discounts.
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I feel like it’s time for a real estate joke, The house was more covered with mortgages than with paint.