IRVINE, CA-According to a RealtyTrac foreclosure midyear report,the state also accounts for 10 of the top 20 metro foreclosurerates during the first half of the year. Is this welcoming news tobuyers?

Brandon Moore, CEO of RealtyTrac, tellsGlobeSt.com's Natalie Dolce that increasing foreclosure starts inmany local markets helped push total foreclosure activity higher inthe first half of this year compared to the second half of 2011.“Those foreclosure starts are welcome news for prospective buyersand real estate brokers in many local markets where a shortage ofaggressively priced inventory has been holding up sales activity,”he says.

Check back on August 10 for the full story.

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