RECORD NUMBER OF FORECLOSURES SCHEDULED FOR SALE
California Foreclosure Prevention Act fails to slow filings

ForeclosureRadar.com, the only website that tracks every California foreclosure, and provides daily auction updates, issued its monthly California Foreclosure Report for July 2009. Once again, foreclosure stats were mixed, with Notice of Default filings flat, Notice of Trustee Sale filings rising by 31.6 percent and foreclosure sales dropping 22.7 percent. The number of properties scheduled for foreclosure sale – new Notices of Trustee Sale minus those sales that have cancelled or sold – rose to a record level of 124,874, nearly double the levels reached during the foreclosure peak last year.