California Foreclosure Activity Hits Seven Year Low

California Foreclosure Activity Hits Seven Year Low

HousingWire cites PropertyRadar on October 15, 2013: Foreclosure activity in California dropped to its lowest level in seven years, reflecting the ongoing recovery in the California real estate market and the impact of the California Homeowner Bill of Rights, PropertyRadar claimed in a new report.

In addition, notices of default in the state fell 19.5% in September, the largest one-month decline since March, while also declining 54.9% for the year.

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