Is The Wave Of Foreclosures Finally Coming? Looks More Like A Ripple…
July 23rd, 2009 Categories: Pre Foreclosures, Real Estate News, Real Estate Trends
Sacramento County Foreclosure sales (or Trustee Sales) had been on the increase in the past several weeks; but now, the numbers of homes sold at foreclosure auctions at the county courthouse, (yes they really do auction them off at the Sacramento County Municipal and Superior Courts steps; 720 9TH ST in Sacramento) have been dereasing gradually. Foreclosureradar.com reports that over the last twelve weeks the numbers of homes sold per week at Sacramento Trustee Sales have been from a low in the middle of May of 118 homes sold per week, to a high of 229 the last week of June, and now just 65 the second week of July.
The numbers have been bouncing around, but the trend was a slowly increasing number per week in May and June, but now it looks like they have really slowed again. There have only been 313 Total in the first three weeks of July! I am sure that this has to do with the california foreclosure moratoriums that were put in place and all the pressure on lenders and servicers to do loan modifications
