Foreclosures jump in California - December sees 45.4 percent jump in notices of default over November

Foreclosures jump in California - December sees 45.4 percent jump in notices of default over November

The pace of home foreclosures in the Central Valley and across most of California is quickening, a foreclosure information company says Tuesday.There was a "gargantuan jump" in Notice of Default filings in December and "we're already observing a record pace of auction sales in January," says ForeclosureRadar of Discovery Bay.



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