California Foreclosure Activity Report for November 2010

 

ForeclosureRadar.com reported that California foreclosures during November 2010 had a decline in activity, because of voluntary foreclosure suspensions by lenders.

Foreclosure starts were down 9.3% month-over-month in California.  Foreclosure sales are impacted by robo-signing related foreclosure suspensions, such as Ally (GMAC), Bank of America and PNC all halted foreclosure sales. 

The foreclosure process has met with challenges for lenders, because of government intervention and lender legal issue problems such as robo-signing of documents.  Such delays will extend the time it takes to recover and return to a normal housing market. 

In California, foreclosure activity and notice of default filings dipped 9.3% month over month in November.  Cancellations of foreclosure sales dropped 8.5% in November, which is also down 54% from peak in June. 

Foreclosure sales were down by 9.0% from October to November 2010. 

View all California foreclosure statistics by state, county, city or ZIP as presented by ForeclosureRadar.com.

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See active list of Irvine, CA, preforeclosure and bank owned properties - click here.

See active list of Newport Beach, CA, preforeclosure and bank owned properties - click here.

See active list of Costa Mesa, CA, preforeclosure and bank owned properties - click here.

 This is for information only and is not the providing of tax or legal services.  If you have questions about foreclosures and bank owned properties in California, contact an experienced REALTOR in your city or area. 

Harrison K. Long - Business Solutions and Advisory - REALTOR® and broker associate, Coldwell Banker Residential Brokerage - 949-854-7747 (phone) - ExploreProperties@gmail.com (email) - CA DRE 01410855 - www.LiveAtNewportBeach.com  -  www.OCPropertyNews.com  -  www.CostaMesaLive.com  -  www.Irvine-homevalues.com  - www.NewportCoastLive.com   - www.CoastLivinghomes.com  - www.OCHomeValueGuide.com -  www.LiveAtIrvine.com  - www.ExploreOCHomes.com  - www.IrvineBestValues.com - www.LiveAtOrangeCounty.com  

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