Real Estate, Mortgage News

Real Estate News and Press Release Distribution Services
Submit Press Release | Submit RSS Feed | About US | Contact Us

Home | Real Estate News | Mortgage Rates
Unlimited Press Release Distribution
Press release distribution service

News Media
CNN Money
Costar Group
Inman News

Los Angeles Times

National Real Estate Investor
Mortgage News Daily
New York Times
Realtor Magazine
Wall Street Journal
Yahoo Finance
RSS News Feed
Get your news feed listed here as other news media shown below! Submit RSS News Feed

Mercury News
New York Post

Real Estate News Releases

California Second Worst Foreclosure Market in Country

(EMAILWIRE.COM, January 24, 2007 ) SACRAMENTO, CA – California had the second highest total number of properties entering foreclosure in the nation in December of 2006 according to RealtyTrac. A total of 12,623 properties entered the foreclosure process in the state. This figure reflects a drop from the month before, but a staggering 65% higher rate than reported in December 2005.Colorado had the highest rate of foreclosures in the nation, and California ranked 14th in the rankings with one property entering foreclosure for each 968 homes. Texas was the only state in the union that had more properties enter the foreclosure process than California.Sacramento based real estate investor Patrick McGilvray, J.D., President of in response to this news, commented, “November 2006 saw a record number of properties entering foreclosure in our market. I suspect that many lenders will continue to start foreclosure proceedings in 2007 because there are many new and existing homes on the market and holders of adjustable rate mortgages are seeing their payments increase, sometimes dramatically. These situations combine to create a real estate market in which people who need to sell a house quickly cannot do so without suffering a financial loss. Many people, sadly, end up letting the banks foreclose on their properties.”Even though California’s foreclosure rate jumped 65% over 2005 it far outpaced the nation’s increase of 35% for the same time period. The total number of properties that entered the foreclosure process nationwide was 109,652.Contact:Patrick McGilvray, 916-920-3278

Patrick McGilvray, J.D.

Real Estate News by Sector
  • Appraiser
  • Consumer News
  • Commercial
  • Mortgage News
  • Property Law
  • REIT News
  • Sales, Marketing
  • Technology

  • Real Estate RSS Marketpalce

    Submit RSS news feed on Real Estate.
    Have your feed on real estate news, products or services displayed under this marketpalce and have your feed on a full page updated daily. Click on example below. Add RSS feed Now!

    EmailWire Real Estate News Releases
    News releases on real estate as posted by businesses, organizations and experts.

    Press release service

    ESTATENewswire is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.

    For unlimited press release distribution for $99 per month or $999 per year, call (281) 645-4086 or start posting your press releases online at
    Copyright 2009 GroupWeb Media LLC

    GroupWeb Media Network
    AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | | i-Canada-News.Com | | iT-NewsWire.Com
    | InvestorsNewsDesk.Com | i-TravelNewsWire.Com | | | | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
    ESTATENewswire.Com - Newswire and Press Release service of GroupWeb Media LLC