California Foreclosure

Foreclosure is the legal proceeding in which a bank or other secured creditor sells or repossesses a parcel of real property (immovable property) due to the owner's failure to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust".

The number of foreclosures reported nationwide soared 42 percent in 2006 to 1.26 million, according to RealtyTrac, an Irvine-based company that tracks foreclosures. That creates opportunities for more foreclosure fraud.

California-based RealtyTrac reported the state of Colorado as having the highest number of foreclosure filings per household in the nation.

If you are interested in buying a foreclosed home there are many Foreclosure Listing companies where you can search foreclosed homes in your area. The largest in foreclosure.com where you can find California foreclosures.

Facing California Foreclosure?

New Refinance Program Launched Help Homeowners
Stop or avoid foreclosure in California with a new refinance program just launched.
[ClickPress, Sun Jan 21 2007] Precision One Mortgage announces the introduction of their new "HomeSaverLoan" program designed to assist homeowners that are facing foreclosure in California.

Mortgage Company Stops California Foreclosure on Senior's Home with Two Minutes to Spare

Foreclosure stopped on Ontario California senior citizen's home. Mortgage company hand delivered check to Courthouse to avoid foreclosure just 2 minutes before real estate went to auction with 10 investors waiting to bid.