Wednesday, October 19, 2011

LA Times: Foreclosure Activity Soars in Third Quarter

As expected, banks are in full gear to increase the foreclosure activities after a temporary moratorium. The number of default notices jumped 25.9 % from previous quarter. The reason is that banks have easier time filing in non-judicial states like California where foreclosure proceedings are shorter than judicial states.

LA Times: Foreclosures Soar in 3rd quarter

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