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California Sees Foreclosures Drop.(Brief Article)
The number of California homes going into foreclosure declined during the first quarter of this year as a result of strong housing demand and rising prices, according to Inman News Features.
Lending institutions started foreclosure proceedings on 20,093 homeowners during the January to March period, up 4.5% from the prior quarter, but down 14.2% from the first quarter of last year, according to DataQuick Information Systems and Inman.
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Source: HighBeam Research, California Sees Foreclosures Drop.(Brief Article)