California’s December Foreclosure Report: A Dramatic Drop In Activity

ForeclosureRadar a website that tracks California foreclosures, issued its monthly California Foreclosure Report for December 2009. Foreclosure activity dropped dramatically in December, especially when looked at on a daily average basis. For example while Notices of Default dropped 17.5 percent in aggregate, they actually dropped 32.5 percent on a daily average basis due to the fact that December had 22 days on which documents were recorded, versus 18 in November.

Click here to download the full report.