It is reported that foreclosure filings dropped significantly across USA last month. Just less than 100,000 pre-foreclosures and notices of pending foreclosure auctions were filed nationwide in April - down 14.3 percent from the almost 115,700 filings in the March.

California, a perennial leader in the foreclosure numbers game, topped the nation with 16,192 pre-foreclosures in April. This news about California explains a lot of why we’re still getting a lot of calls and new investors out of CA. The good thing is that the number of foreclosures is down 16 percent from March’s 19,237 filings.

Everyone we’ve picked up in the last month out of California has been looking for cash flow real estate and we think that this trend will continue. Prices there are way too high for investors who are looking for cash flow and with the market flattening out, you can see them looking for alternatives.