California had the nation’s third highest state foreclosure rate during August, with one in every 144 housing units receiving a filing, according to online foreclosure marketplace RealtyTrac.
California REOs dropped 32 percent from the previous month, but the state continued to post the highest overall total of any state, with 92,326 properties receiving a foreclosure filing in August. California’s total was down 15 percent from the previous month and was also down 9 percent from August 2009 — the first year-over-year decrease in California foreclosure activity in RealtyTrac’s monthly reports.
Thu, Sep 10, 2009
Crisis in the Valley