Could it be that the foreclosure flood gates, holding millions of properties, will finally open this year?
According to the report below by Foreclosure Radar, a tracking services company, it's already begun.
Will 2011 be the breaking point -Good or Bad, for the Housing Market? Only time will tell. The Spring buying season is right around the corner. We Shall See!
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West Coast Foreclosure Sales Climb to Pre-Robo-Signing Levels
Foreclosure auction sales in states along the West Coast have bounced back to levels not seen since robo-signing moratoriums went into effect last fall, the California-based tracking firm ForeclosureRadar reported Tuesday.
The company’s coverage area includes the states of Arizona, California, Nevada, Oregon, and Washington.
“We have not seen this level of activity on the courthouse steps for months,” said Sean O’Toole, CEO and founder of ForeclosureRadar. “The increase in foreclosures is just in time to provide a fresh supply of entry level homes for the spring homebuying season.”
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