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".
California Forclosure Search
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. |