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August 2011 Archives

The Number Of Californians Entering Foreclosure Is At Lowest Level Since 2007, Is This Good News For Santa Rosa Homeowners?

index-thumb-294x171-23520.jpgAccording to the LA Times, the number of Californians entering foreclosure is at its lowest level since 2007. Notices of default against California homes dropped 17% in the second quarter from the first quarter and 19.2% from the second quarter of 2010. Banks repossessed 10.9% fewer homes than a year ago and 1.4% fewer than in the first quarter. The problem with statistics is that they can prove anything except the truth.

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