Industry News

California sees sharp rise in foreclosure activity

But defaults remain low compared to historical norm
Published on Aug 3, 2006

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by CareyBot

Second-quarter California foreclosure activity rose at the fastest pace in at least 14 years, according to DataQuick Information Systems, a real estate research company. Lenders sent 20,752 default notices to homeowners statewide during the April-through-June period. That was up 10.5 ...