Tag Archives: California foreclosure starts drop 12% in 4Q

Mortgage servicers filed roughly 61,500 notices of default in California during the final three months of 2011, down nearly 12% from the same level the year before, according to real estate analytics firm DataQuick. The pace is the second-lowest level in more than four years. In the second quarter, notices of default totaled roughly 56,600 but increased the next three months to more than 71,200. From there, DataQuick said, new foreclosure filings dropped 13.7% in three months ended Dec. 31. More than half of those notices of default were filed […]