CA Foreclosure Activity Up Despite Raw #s?

Although foreclosure sales declined in California in September, they actually rose by 5% on an average daily basis, according to ForeclosureRadar, Discovery Bay, Calif.The company reported that 8,818 California foreclosures (with a total loan value of $3.60 billion) were sold at auction in September, compared with 9,477 (with a total value of $3.86 billion) in August. "Although it appears that foreclosure activity has slowed this month, digging deeper into the numbers tells another story," said Sean O'Toole, founder and chief executive officer of ForeclosureRadar. "In the month of August there were 23 recording and auction days. In contrast, September had 19 recording days and only 18 auction days, so we actually saw across-the-board increases in average daily foreclosure activity." ForeclosureRadar, a foreclosure listings and software company, can be found on the Web at http://www.foreclosureradar.com.