California foreclosures set to surge

 · California default notices spiked 55% in August, and the number may keep rising in the coming months as mortgage servicers shake off the robo-signing freeze, California foreclosures set to surge.

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Foreclosures and default notices, which deluged California and the Bay Area just a few years ago, have now slowed to a trickle as the economy and the housing market stabilize. Rising home prices.

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SAN LEANDRO, CA . There’s been a new surge in foreclosures in California. According to RealTytrac, which keeps tabs on foreclosures, default notices, auctions and bank repossessions, activity shot.

 · Foreclosures Set to Soar in California. California is about to get hit by another foreclosure wave. Pre-foreclosure notices in the state jumped by 80% in the first quarter of 2009 from the previous quarter, according to a new report from DataQuick Information Systems of San Diego, a sign that foreclosures in California will rise sharply in the coming months.

Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself.

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A former Wells Fargo executive who defended the bank during its massive fake accounts scandal is hosting a fundraiser for Democratic California Sen. the banks and help homeowners trapped by the.

Blows keep raining down on Ocwen and its affiliates Wells Fargo appeal to block fha mortgage fraud lawsuit denied Home prices rise 0.3% in August, up 5.6% since January The median home value in the United States is $226,800. United States home values have gone up 6.1% over the past year and Zillow predicts they will rise 2.8% within the next year.The D.C. Circuit on Tuesday rejected Wells Fargo & Co.’s bid to free itself from a false claims act suit and mortgage fraud claims that it alleged were settled when it paid $5 billion as part of a.

Nothaft said judicial foreclosure states took an average of 36 months to foreclose in 2012 and 2013, at the height of the recession. Other states, such as California and Nevada. But, the system did.

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Meet the California Homeowners Hit Hard by the Housing Crisis Former Vice President Joe Biden, California Sen. Kamala Harris and California Rep. Former Vice President Joe Biden.

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