CALIFORNIA FORECLOSURE SALES TOP 1,000 PER DAY

April foreclosure numbers were up in all categories. Average daily auction sales exceeded 1,000 properties a day for the first time in California’s history as reported by ForeclosureRadar. The report also showed:: * Notices of Default – the filings for the first step in California’s foreclosure process increased only slightly to set a new record of 44,101 new filings. * Notices of Trustee Sale, which are issued approximately 3 months following a Notice of Default,increased 7.8 percent in April surpassing the previous record with a total of 29,892 new filings. *To view the full post, please visit the San Diego California real estate blog