California Default Notices Drop To Lowest Level In 4 Years

LOS ANGELES (AP) — Mortgage default notices in California have dropped in the second quarter of 2011 to their lowest level in four years.

The tracking firm DataQuick said Tuesday that the decline was a result of a more stable housing market as well as policy changes in the mortgage servicing industry.

The San Diego-based firm says there were around 56,600 default notices filed in California from April through June. That’s down about 19 percent from more than 70,000 during the same period a year earlier.

The latest tally is also down 17 percent from some 68,200 default notices filed from January through March and is well under half the roughly 135,400 notices filed when defaults peaked in the first quarter of 2009.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

  • LiberalButConservative

    How many homes are empty now vs last year? Please include that info next time along with total number of homes.

  • James

    Oh, this is just the DROP IN NEW default notices! WOW! How comforting……NOT!!!

  • Kathy

    For now till SS and veterans pay gets held up due to Obama

  • Whitey

    LOL…I pray that president Obama veto’s the bill! We need to get America cleaned up. GOP is such a joke!

  • Nya

    Little bright spots here and there signal that the economy is headed in the right direction. The recovery is slow but we will surely get there.

  • orgoblo

    Notice the sign in the picture? Foreclosures FROM $150,000. Wow! What a bargain! Ah… about BEST OFFER!

  • Nobama

    Obama, change you can believe in.

  • John B

    just means theres less people they are able to default on and kick out

  • BUD

    It’s becuase nobody is left in a HOME

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