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Posted On: April 11, 2011

California Foreclosure Activity

Another sign that the economy is on the rebound is that the California foreclosure picture is looking better. For the fourth straight quarter California foreclosure filings have gone down and it looks like a trend that is here to stay. Much of this good news may very well be from the fact that financial institutions are implementing alternative ways for homeowners who are in financial distress to be able to stay in their homes.

It is a practice that makes sense on both sides of the fence. Lending institutions are not in the real estate business so they have no practical reason to hold onto real estate. If a person forecloses then the institution is taking a financial loss. From the homeowners perspective this is good for all the obvious reasons plus their credit rating stays good which helps everyone. 

So if the saying is true that "As goes California, so goes the rest of the nation", then we should all be able to look forward to better times ahead. Hopefully the California foreclosure picture will be the same thing that the rest of the country see's in the near future.

If you have a question regarding Bankruptcy in Sacramento please contact us at and we can connect you with one of our experienced California Bankruptcy Attorneys . Bankruptcy Law Firm can assist you with all aspects of your bankruptcy case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, lien stripping , a cram down, stopping a foreclosure or wage garnishment, asset protection, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist in all of these important areas. Please complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

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