Silicon Valley foreclosure on the way down?

Posted September 15th, 2009 by admin and filed in foreclosure, Foreclosure Prevention Solutions, Mortgage Delinquencies

Tags: foreclosure, foreclosure moratorium, option arm, silicon valley, unemployment

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The above article boldly declares that foreclosure activities have dropped 18% reduction in Notices of Default being issued and 11.5 % reduction in Notices of Trustee Sales last month in Silicon Valley. On its face, that seems like fantastic news, but we have to now consider something which happened today. How will the law which enacted a moratorium to stop foreclosures ending impact the activities in the coming months? Of course only time and data will tell…….

However, the above question may be a moot point unless the two root causes of foreclosure are addressed in California: unemployment and the looming option ARMs problem. Unless these powerful forces are somehow resolved or mitigated, we may be looking at years of foreclosures to come.

One Response to “Silicon Valley foreclosure on the way down?”

Tweets that mention Silicon Valley foreclosure on the way down? | Silicon Valley Foreclosure Solutions -- Topsy.com says:

September 15, 2009 at 1:29 PM

[...] This post was mentioned on Twitter by steve mun. steve mun said: Silicon Valley foreclosures down? http://bit.ly/1aeSZr #foreclosure #foreclosurerelief #shortsale [...]

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