With a tough Homeowner Bill of Rights set to take effect in California New Year's Day, cancellations of foreclosure auctions have spiked in the Bay Area and throughout the state, according to a report Tuesday.‍

Bay Area Sees Big Increase in Cancellation of Foreclosure Auctions

Written by:
PropertyRadar
Written on:
November 13, 2012

With a tough Homeowner Bill of Rights set to take effect in California New Year's Day, cancellations of foreclosure auctions have spiked in the Bay Area and throughout the state, according to a report Tuesday.

ForeclosureRadar® said cancellations jumped 60 percent in California from September to October, the biggest jump since it began tracking cancellations in 2006. Similar leaps in the number of cancellations were seen in the Bay Area.

Written by:
PropertyRadar
Written on:
November 13, 2012