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California Foreclosure Activity Lower in Second Quarter
California reported 192,422 properties with foreclosure filings for the second quarter of 2010, still the highest activity level in the nation despite recent lower levels of activity. This latest total represents an 11 percent drop from the first quarter of the year but is still nearly 6 percent above the level reported for the second quarter of 2009. “Foreclosure activity in California fell during the second quarter this year to its lowest level since the state hit its peak back during the second quarter of 2009,” said James J. Saccacio, chief executive officer of RealtyTrac. Complete Story
75 Percent of Nation's Top Metro Areas Post Increasing Foreclosure Activity in First Half of 2010
By RealtyTrac Staff
A total of 154 of the 206 U.S. metropolitan areas with a population of 200,000 or more posted year-over-year increases in foreclosure activity even while foreclosure activity decreased in nine of the 10 metros with the highest foreclosure rates, according to the RealtyTrac Midyear 2010 Metropolitan Foreclosure Market Report. Four states — Florida, California, Nevada and Arizona — accounted for all top 20 metro foreclosure rates. Florida led the way, with nine of the top 20 metro foreclosure rates, followed by California with eight, Nevada with two and Arizona with one. Complete Story
Here are some of the most recent Investment opportunities in the area.
How Wall Street Reform Benefits Foreclosure Buyers
With the passage of Wall Street reform now a done deal in Washington there are probably few people who did better than real estate investors. Stricter mortgage standards plus less federal emphasis on homeownership means there will be a new and growing demand for rental housing.
