Industry News

Real estate foreclosures to rise in California, Nevada

Homeowners addicted to low rates, double-digit price appreciation
Published on Nov 29, 2004

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by CareyBot

Mortgage defaults in California will surge by the second quarter of 2005, according to Foreclosures.com, a real estate investment advisory company that focuses on distressed properties. “Employment, or the lack thereof, is no longer the primary cause of foreclosure activity,” ...

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