SIGNIFICANT DECLINE IN FORECLOSURE ACTIVITY BROUGHT ON BY ROBO-SIGNING
For the second month in a row, foreclosure activity was impacted by voluntary foreclosure suspensions, after certain practices commonly used during the foreclosure process were called into question. While initially limited to judicial foreclosure states, the so-called Robo-signing controversy began impacting foreclosures in non-judicial states, including those in our coverage area in early October.
Key month over month trends for November include:
StateNotice of DefaultNotice of SaleBack to BankSold to 3rd Party
Arizona n/a. -24.3%. -17.5%. -1.2%
California-9.3%-1.0%-12.5%+7.8%
Nevada-12.7%+3.4%-25.2%-4.7%
Oregon-25.0%-21.2%-26.9%-23.5%
Washington n/a-31.7%-38.7%-33.2%