Foreclosures Down For San Joaquin or Is It Too Soon To Tell?

Foreclosure notices in San Joaquin County dropped dramatically in the first quarter of this year from the same period a year sending mixed messages to industry experts regarding the mortgage meltdown. The drop in foreclosures could be linked to more short-sale approvals or the increase in first time buyers due to the impending expiration of the first time homebuyer credit. What does this mean for the "next wave" of foreclosures? Foreclosures could easily go back up again if the government pushed loan modifications or short sales don’t work out. For S.J., it’s a mixed money bag; Good news: Fewer lose homes | Recordnet.com

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