Industry News

California’s mortgage defaults hit record level in Q3

Majority of cases concentrated in Inland Empire, Central Valley
Published on Oct 26, 2007

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by CareyBot

Lenders initiated foreclosure proceedings against a record number of California homes in the third quarter ended Sept. 30, real estate research company DataQuick Information Systems reported today. The company reported 72,571 notices of default from July through September, a 34.5 ...