According to a recent report by RealtyTrac, foreclosure rates have declined recently, but not as a result of less foreclosures, but as a result of major delays in the foreclosure process.
I found it interesting that California, Nevada, and Arizona were top foreclosure producers, along with 7 other states that account for 70% of the foreclosures in the country.
California! The most liberal state in the union, coming under heavy economic problems. Duh! It was bound to happen. Speculation, a runway government and liberal thinkers who won’t take responsibility have contributed to the big state’s problems (that is my own input, take it for what it is worth).
This article goes into more detail on the topic: