Apr 23rd	Positive Real Estate News – California Home Defaults Going in the Right Direction
2010	Categories: Foreclosures & Bank Owned, Market Statistics / Updates

A 40.2% drop in the first quarter foreclosures A very much hoped for and somewhat surprising large drop in first quarter defaults suggests that the overall foreclosure crisis is easing here in California as a whole.  New data suggests and supports evidence that the federal government and big lenders are doing their part in stepping up efforts to keep troubled borrowers in their homes. "Mortgage default notices -- the first step toward foreclosure -- plunged 40.2% statewide in the first three months of the year compared with the same period in 2009", according to San Diego research firm MDA DataQuick. One of the... Read more

Tags: california foreclosures

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