Industry News

California foreclosures rise to 8-year high in Q4

Default notices up 145% since same quarter in '05
Published on Jan 25, 2007

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by CareyBot

Mortgage default notices filed against California homeowners hit the highest level in about eight years in the final quarter of 2006, real estate research company DataQuick Information Systems reported Wednesday. Lending institutions sent homeowners 37,273 default notices in the fourth ...