Dropoff in California foreclosures

Market conditions, lender policies could be factors

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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.