Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Fewer California homeowners received notices of default and had their homes foreclosed on in the third quarter compared to the same period last year, according to a report from real estate information company MDA DataQuick. The number of houses and condos foreclosed on fell 4.8 percent from the second quarter and 9.3 percent from 2009's third quarter, to 45,377. These figures are based on records of trustee's deeds, which in most cases transfer ownership of a property to the lender.The third quarter's level of trustee's deeds was 42.9 percent below an all-time high of 79,511 in third-quarter 2008, according to the report. Notices of default rose 18.9 percent quarter-to-quarter, but fell 25.5 percent compared to last year's third quarter, to 83,261. That's 38.5 percent below a peak of 135,4...