An
event of particular note this month was an unexpected spike in the
Cancellations of foreclosure in California, with an increase of 45.8
percent from the prior month. Almost the entire increase occurred in Los
Angeles County where over 5,000 sales were cancelled. This looks to
have been caused by a city ordinance eliminating the trustee sale
location in Norwalk. We expect many of the cancelled sale dates to be
reissued at a new location within the county soon. – Foreclosure Radar
Helping homeowners avoid foreclosure since 2007.
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