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by CareyBot

Foreclosure filings have fallen dramatically in California from a year ago, but it's hard to say why, according to a new report from real estate information service MDA DataQuick.Lenders filed 81,054 notices of default (NODs) during the first three months of the year, a 4.2 percent decline from the fourth quarter of 2009 and a 40.2 percent drop from the record level seen a year ago, DataQuick said.It's unclear how much of the drop is due to shifts in market conditions and how much is because of changes in lenders' policies, DataQuick President John Walsh said in a company announcement."We are seeing signs that the worst may be over in the hard-hit entry-level markets, while problems are slowly spreading to more expensive neighborhoods," Walsh said. "We're also seeing some le...