Foreclosure Cancellations Surge in Golden State

Foreclosure Cancellations Surge in Golden State

Foreclosure
The number of foreclosures canceled by banks surged 62% across California last month, the same month major mortgage servicers were required to comply with new rules outlined by this year’s National Mortgage Settlement.

Banks in the Golden State canceled 15,539 scheduled auctions last month, according to a report by website ForeclosureRadar.com. That was a 36.7% drop from the same month last year.


California Foreclosure Sales Soar in March
August Foreclosure Filings Fall
Nevada Foreclosure Sales, Filings Slow

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