Foreclosure filings and sales declined dramatically in several Western states, especially Nevada, according to data from ForeclosureRadar that shows foreclosure sales down in February.
“Passing laws to essentially eliminate foreclosures, as they appear to have accomplished in Nevada, and are now contemplating with similar draconian measures in California, is likely to do more harm then good,” said Sean OToole, founder and CEO of ForeclosureRadar. “The pendulum of regulation is once again swinging too far.”