Western states see decline in foreclosure starts

ForeclosureRadar: Fears of wave of foreclosure sales unfounded

Foreclosure starts fell sharply in California and Arizona from July to August, and were up only slightly in Nevada, "putting a nail in the coffin" of theories that there will be a wave of foreclosure sales after the election, according to public records aggregator ForeclosureRadar.

ForeclosureRadar, which tracks properties through the foreclosure process in five Western states, said foreclosure starts were down 23.6 percent in California from July to August, to 16,590. That represented a 49.1 percent decline from a year ago.