Friday, December 6, 2013

Foreclosure Activity ~ Curious?

I'm pretty sure I did a post recently about the decline in foreclosure activity in the beautiful Santa Clarita Valley. Less than 1/2 of what it was just a few years ago.

Sharing an article I read this morning to remind Californians that we are a non-judicial state and that the majority of the remaining foreclosure activity is in the judicial states. As in, you have to go to court to get a property foreclosed on. Needless to takes a whole heck of a lot longer. So more properties would still be locked up in the system in judicial states.

Click On The Link Below For Full Reading:

Now, you'll see (as I don't hide anything), that it right away says it's a bit longer than before. Well, go figure, the market has slowed down a bit so of course it will take a lengthier time to clear it all out. Just like with a standard sale right now.

Anywhohow ~ that's my share on the, getting to be old news, foreclosures in our fair valley.


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