West Coast States See a Surge In New Foreclosures

West Coast States See a Surge In New Foreclosures

DSN News

Foreclosure starts soared during the month of August in states along the country’s western coast, reversing what had been a declining trend over the past several months, according to the tracking firm ForeclosureRadar.“Bank of America appears to be primarily responsible for the surge in foreclosure starts this month,” said Sean O’Toole, founder and CEO of ForeclosureRadar. “Since their average time to foreclose has recently increased to more than a year, it is unclear that these foreclosure starts will lead to an increase in foreclosure sales anytime soon.”

Read more on dsnews.com >


After Big Jump in August, Foreclosure Starts on West Coast Fall Again
FLIPS AND FLOPS - Web site focusing on California market tracks foreclosures online for monthly fee
Housing slump hits home in East S.J.

Start discovering new opportunities using public records data today.

Try It Free Schedule Demo