July 25, 2012
According to an article in the LA Times by Alejandro Lazo, the number of California homes entering foreclosure is at its lowest since 2007 -- well before the September 2008 markets crash. (Our own statistics show that the number of distressed home listings in San Francisco is plunging as well.)
"An improving housing market and fewer bad loans helped bring new California foreclosure actions in the second quarter to their lowest level since early 2007 while the number of homes lost to foreclosure plunged, fresh data show....
The number of homes being lost to foreclosure plunged. The number of trustee deeds, which are the public documents filed when a foreclosure is completed, fell 27.8% from the prior quarter and were down 48.5% from the same period as last year."