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Published on Aug 14, 2010
Highlights from this report:
Notices of Trustee Sale fell 18.91% back down to expected levels after a 22% spike last month. Cancellations drop 13.75%, a reversal of last months trend, but remain up 75.10% year over year. Pre-Foreclosure inventory was down 20.18% from June, indicating that lenders may be noticing sales more quickly. Discounting on the courthouse steps continues to climb since the beginning of the year, up approximately 5% since January to 21.6%. Time-to-Foreclosure was down month over month by 3.42% to 226 days. Time-to-Resell fell slightly for 3rd Party investors to 164 days, a 3.53% decline month over month.