West Coast Foreclosure Sales Climb to Pre-Robo-Signing Levels
Tracking firm ForeclosureRadar is reporting that the number of foreclosures going to auction have returned to the levels they were at before the robo-signing moratoriums took effect. The company tracks this data in Arizona, California, Nevada, Oregon and Washington. The article describes specific trends in each area and notes an overall increase in REO inventories in all states. The surge is believed to be an effect of the delay in foreclosures that occurred after the moratorium was passed.
SOURCE: DSNews, 2/15/11
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