California Default Notices Drop To Lowest Level In 4 Years

July 19, 2011 11:34 AM

(credit: Justin Sullivan/Getty Images)

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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.

California Default Notices Drop To Lowest Level In 4 Years

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…..how 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