Foreclosure starts remain flat in California

Foreclosure activity in California was relatively unchanged in October compared with September, following a dramatic increase in August and a subsequent decline in September, according to a report by ForeclosureRadar.

California foreclosure investors gained traction with 9.9 percent more properties sold to third parties in October, representing a record 28.8 percent of all foreclosure sales. A year ago just 16.9 percent of foreclosures were purchased by third parties.

More info on the foreclosure trends by ForeclosureRadar can be found here.

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