A bit of upbeat news from the foreclosure tracking firm ForeclosureRadar, via dsnews.com. Foreclosure activity slowed across the board in West Coast states.

In Arizona notice of trustee sales  dropped 27.9 percent in February from January. This is the lowest point since August 2009. There was also a large dip in foreclosure sales.

California filings dropped to 2008 levels. On a year-over-year basis filings were down as well, with notice of default filings down 29.6 percent and notice of trustee sales down 17 percent. Foreclosure auctions were down as well, with a 24.5 percent decline in back to bank sales and a 20.3 percent drop in properties sold to third parties.

Nevada filings decreased 25.2 percent from January, also to the lowest rate since the firm began tracking Nevada foreclosures. Notice of trustee sales fell 6.4 percent. Foreclosure auctions fell 48.4 percent and sales to third parties 35.3 percent.

A significant drop was recorded in Oregon, 26.3 percent in notices of default and a 34.5 percent drop in foreclosure sales.

Washingto saw the smallest decrease in notice of trustee sales with a 2.9 percent drop. Foreclosure sales fell as well, with back to bank sales falling 37.4 percent and sales to third parties down 21.1 percent.

I thought you'd like to see this. We can all use a little positive news about the economy but none more than homeowners!

Regards, Bill S.

 

Bill Salvatore Realty Executives EV Owner/ Partner
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