November 2010 Foreclosure Report

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December 14, 2010
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SIGNIFICANT DECLINE IN FORECLOSURE ACTIVITY BROUGHT ON BY ROBO-SIGNINGFor the second month in a row, foreclosure activity was impacted by voluntary foreclosure suspensions, after certain practices commonly used during the foreclosure process were called into question. While initially limited to judicial foreclosure states, the so-called robo-signing controversy began impacting foreclosures in non-judicial states, including those in our coverage area in early October.Key month over month trends for November include:StateNotice of DefaultNotice of SaleBack to BankSold to 3rd PartyArizonan/a-24.3%-17.5%-1.2%California-9.3%-1.0%-12.5%+7.8%Nevada-12.7%+3.4%-25.2%-4.7%Oregon-25.0%-21.2%-26.9%-23.5%Washingtonn/a-31.7%-38.7%-33.2%CLICK HERE for our complete November 2010 Foreclosure Report

Written by:
Written on:
December 14, 2010
Category:
Not Categorized