Foreclosures tend to slow for the holidays; however, Notice of Trustee Sale filings rose 34.7 percent from October to November in California. The increase came primarily from filings by Bank of America, up 52 percent, and Wells Fargo, up 23 percent. It is not unusual to see an increase in foreclosure sales each January, and these filings would be necessary in preparation for that. Sales to 3rd parties, typically investors, have increased significantly year-over-year, and California is no exception, with an increase of 29.4 percent.
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