Report: foreclosures are on the rise again

null

California has the second highest foreclosure rate in the United States. One in 88 homes in the state received a foreclosure notice last quarter.

The increase is seen as a sign that banks are moving more aggressively against borrowers who have fallen behind on their payments. Real estate experts say a revival in the housing market isn't likely to occur as long as there is a glut of potential foreclosures.

Copyright © 2019 KGO-TV. All Rights Reserved.