Bank Foreclosures Up 427% In California, Multifamily Not Immune
Foreclosure filings were reported on 72,285 California properties in July for the highest total among the states, according to a report released Thursday. Foreclosure notices on small and medium size multifamily surged to record highs too. RE/MAX research said California’s foreclosure activity increased 5 percent from the previous month and was up 85 percent from July 2007. On a year-over-year basis, bank repossessions in California were up 427 percent, while auction notices were up 67 percent a
Original post by MikeBolen.com