In a recent release by Foreclosure Radar, the average California home in the deafault process had a mortgage value exceeding $200,000 of Current Market Value (CMV) for the month of February 2009. A 189% increase in negative equity year over year.
Also released in this same report, there were 17,131 foreclosures in February ’09. An 11.9% increase over the previous month.
For more Information contact:
- Kris & Kim Darney
- Platinum Real Estate
- 714-615-7605
