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california foreclosures

Cancelled Foreclosures Out Pace Home Sales in California

by Moe Bedard

The amount of California foreclosure cancellations increased 26.5% in December to 13,243, primarily due to loan modifications.  And for the first time this number overtook foreclosures reaching real-estate owned (REO) status, according to ForeclosureRadar, which tracks foreclosure activity in the state.

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Over 10,0000 California Foreclosures Cancelled

by Moe Bedard

Under intense pressure to help more people stay in their homes, mortgage lenders canceled far more scheduled foreclosures in November than in the previous month, according to a report Tuesday.

A total of 10,469 scheduled foreclosures were canceled in November throughout California, up 20 percent from 8,741 in October, according to

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22% Increase in California Foreclosures for October

by Moe Bedard

Foreclosure repossessions in California increased 22.24% from September to October, according to data released by ForeclosureRadar.com.
Last month’s foreclosures increased 20.95% from October 2008. October’s foreclosures were 42.56% below California’s peak month of July 2008, but since then, the inventory of real estate owned (REO) properties has grown 131.36% in California.

“While we continue to see a [...]

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Study: 40% of working-age Californians jobless

by Moe Bedard

The facts are that with unemployment rising, this foreclosure crisis will continue to spiral out of control. They go hand and hand. This is not rocket science. This is Junior High School economics 101.
Obama has not provided the relief  he promised to Main Street during his campaign. From foreclosures to jobs, he has not kept [...]

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