Industry News

Real estate foreclosures up in California

Slower home-price growth, adjustable loans drive activity
Published on May 2, 2006

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by CareyBot

First-quarter foreclosure activity in California increased to the highest level in more than two years, the result of slower home-price increases, a real estate information service reported. Lending institutions sent 18,668 default notices to California homeowners during the January-to-March period. ...