California First Quarter Foreclosure Activity
Written by ivan3411 on April 27, 2010 – 5:35 pm
According to the real estate information service report published on Wednesday, foreclosure activity in California declines in the first quarter of this year. After the formal foreclosure proceedings conducted by the lending institutions on fewer California homes it shows that total notices of defaults was down by 4.2 percent from 84,568 prior to this quarter, and down 40.2 percent from 135,431 in the same quarter last year. The period of January to March recorded a total of 81,054 notices of defaults.
