SAN FRANCISCO, Calif., July 20 (SEND2PRESS NEWSWIRE) -- The real estate experts at BankForeclosuresSale.com are keeping a close watch on the news revolving around foreclosures across the U.S.; they are working to keep their news fresh and their listings hot. Keeping a close eye on the California real estate market, BankForeclosuresSale reports that, statewide, foreclosures have increased for the third-consecutive month.

For example, an article in "Builder," a magazine for the home building industry, reported
that an estimated 13.9 percent of Stanislaus County, CA homeowners with mortgages are
90 days or more behind on their payments, according to First American CoreLogic. The
delinquency rate is 17.4 percent in Merced and 14.5 percent in San Joaquin. Nationwide,
the rate is 6.5 percent.

on track to break the 8,000 mark for the second straight year in a row.
Foreclosures put downward pressure on prices because lenders sell them at steep discounts to get them off their books.
The real estate professionals at BankForeclosuresSale.com predict that foreclosures will continue to rise into the late summer.

"So, while these numbers are evidence that the housing market remains in trouble, there is a bright side," Simon Campbell,
Business Analyst for BankForeclosuresSale.com says. "There have never been more bargains available than there are today.
First-time home buyers and real estate investors have so many choices at their fingertips."

It is now possible for people to find their dream home while saving thousands of dollars. And, BankForeclosuresSale.com is working to ensure that its Web site is up-to-date, easy-to-use and reliable. Its team of real estate professionals works with customers to find the deal that is right for them.

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For more information, visit:www. BankForeclosuresSale.com.
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