California Foreclosures Down 18%

November 15, 2008

Stockton, Merced, Riverside-San Bernardino and Modesto were among the top 10 areas with the highest foreclosure rates in October. But that was down from six previous California markets in past months. Despite having had the fourth highest rate in foreclosure filings-1 per 231 homes-that is an 18% drop in raw numbers of filings. The States new requirements have taken effect and made a significant impact.

Contact Chuck Stanley, (530) 318-8830 or email chuckstanley@sbcglobal.net.

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