California Foreclosure Report – August 2012

California Foreclosure Report - August 2012

California Foreclosure Report – August 2012

Foreclosure Starts Down Dramatically

In a continuing sign that the California real estate continues to improve, August 2012 California Notice of Defaults shot down 23.6 percent from the prior month, and down 49.1 percent compared to last year according to Foreclosure Radar.

Looking at the decline in Foreclosure Starts offers even more significance on an average daily basis, down 30.2 percent from the prior month in California with 23 business days in August vs. 21 business days in July.

On the other hand, Foreclosure Sales rose 23.7 percent in California on a month over month basis. On an average daily basis, the increase zoomed up 12.9 percent from the prior month.

A Second Wave Of Foreclosures – Maybe In Six Months

We continue to hear reports about the second wave of foreclosures to be released after the November election. However, if we consider the lack of Foreclosure Starts this month, that fact does not exactly lend much credibility to those shadow inventory theories.

It remains possible that another wave of foreclosures could happen in about five to six months. Any investors and first-time buyers out in the market can benefit now because Foreclosure Sales continue to remain at least flat or slightly up, as some foreclosure opportunities do exist.

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

California Foreclosure Report – August 2012

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