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Robo-signing impact varies in West

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Foreclosure activity in December varied in five Western states tracked by ForeclosureRadar -- perhaps because loan servicers are faced with different laws in each state as they work to put robo-signing issues behind them, the company said.ForeclosureRadar, which tracks homes through each stage of the foreclosure process, said foreclosure starts declined during December in Arizona, California and Washington, were flat in Nevada, and increased in Oregon.Foreclosure sales, on the other hand, were down in Arizona and Oregon, flat in California, and up in Nevada and Washington.Nationwide, foreclosure-related filings dropped 8 percent year-over-year during the fourth quarter, to a two-year low, data aggregator RealtyTrac said in another report out this week.RealtyTrac views the drop as temporary, attributing it to controversy surrounding foreclosure documentation and procedures that prompted many major lenders to temporarily halt some foreclosure proceedings."Servicers appear to hav...