Impact of Foreclosure Suspensions on Central Valley Foreclosures

According to the CVBT the recent foreclosure suspensions had little impact on the actual sales of foreclosed homes in California. However, the CEO of ForeclosureRadar speculates that the suspensions may lead to future scams claiming to overturn foreclosed properties. Overall foreclosure filings dropped slightly just after the announcement, but began picking up the following week. Despite this limited impact, filings were down but notices of sale were up in San Joaquin county.