Industry News

California real estate foreclosures fall to record low

Homeowners saved by strong sales, price appreciation
Published on Feb 18, 2005

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by CareyBot

Foreclosures in California dropped to the lowest level in more than 13 years in 2004, thanks to robust home sales and strong appreciation rates, according to DataQuick, a real estate information service. Lending institutions sent default notices to 56,125 California ...