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California Mortgage Defaults 4th Qtr
February 2nd, 2010 8:23 AM
The number of California homes entering the foreclosure process declined again during fourth quarter 2009 amid signs that the worst may be over in hard-hit entry-level markets, while slowly spreading to more expensive neighborhoods. There are mixed signals for 2010: It's unclear how much of the drop in mortgage defaults is due to shifting market conditions, and how much is the result of changing foreclosure policies among lenders and loan servicers, a real estate information service reported.

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Posted by David Moore on February 2nd, 2010 8:23 AMPost a Comment

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