Your California Foreclosure Report for June 2010 is here.

After two months of decline, foreclosure filings are up, but the big news is that foreclosure cancellations reached a record high with over a 27% increase from May.

The number of properties that were purchased by 3^rd parties was down by 24% over last month.  These were mainly investor purchased properties at auctions.  It appears that large pools of investors are buying these properties because the margin discounts were the largest in months.

If you are interested in what is currently happening with foreclosures in California, then please watch this brief video from the CEO of Foreclosure Radar, Sean O’Toole.

Foreclosure Radar is the best source for tracking properties from pre-foreclosure, Notices of Trustee Sales and auctions, all the way to REO status.

Search for pre-foreclosures, REOs, and standard real estate for sale on our MLS Property Search.