California Home Foreclosure Notices Fell 12% in Fourth Quarter
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Foreclosure notices in California, the state with the highest number of distressed mortgages, fell in the fourth quarter as the housing market improved and loan servicers changed their policies, DataQuick said.
A total of 61,517 notices of default were recorded in the three months ended Dec. 31, down 12 percent from a year earlier and 14 percent from the previous quarter, the San Diego-based real estate information provider said today.