Industry News

California real estate defaults rise

Slowing price appreciation partly to blame
Published on Nov 28, 2005

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by CareyBot

Foreclosures.com, a real estate information publisher and investment advisory firm, reported today that mortgage defaults are rising in California, due in part to a slowdown in price appreciation. Alexis McGee, Foreclosures.com president, reported 10,247 notices of default for third-quarter 2005 ...

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