Forum

New REO's Jump 22 Percent in California, from DSNews

Posted by John J. Keitzer on November 17, 2009 at 2:55am in Sample Title
"After three months of consecutive declines, the number of foreclosed homes in California taken back by banks rose by 22.24 percent from September to October, according to ForeclosureRadar, a local property information site that tracks every foreclosure in the Golden State and provides daily auction updates."This indicates a 20+ percent increase compared to October 2008.Full article: http://www.dsnews.com/articles/new-reos-jump-22-percent-in-california-regional-report-2009-11-16

You need to be a member of REO Pro Network to add comments!

Join REO Pro Network

Email me when people reply –
Follow

Replies

  • Jan Baron, RDCPro, CSP, BPOR November 19, 2009 at 5:02pm
    Lots of defaults, lots of foreclosures, no listings, nothing for sale.
  • Michael Howard November 18, 2009 at 2:39pm
    Almost none of it will hit the market however. The only people making money now are the banks (via stock prices) and the property maintenance companies (Home depot is making a killing for Premier).
This reply was deleted.
Liberty House Realty | Online Montessori Preschool | Digital Marketing Agency