Foreclosure flood: 1,000 auctions per day in California

LA Times reports in April there were one thousand home auctions per day in California. “California’s foreclosure crisis passed another ominous milestone in April, when more than 1,000 foreclosed homes were auctioned off every weekday at courthouses across the state”.
http://latimesblogs.latimes.com/laland/2008/05/foreclosure-flo.html

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Foreclosure flood: 1,000 auctions per day in California – LA Times

According to our California Foreclosure Report, California’s foreclosure activity has increased 38% in the first quarter of 2008. Our California foreclosure statistics is broken by county and shows the change from the fourth quarter of 2007 to the first quarter of 2008.

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