09/23/2019

Number Of Homes Entering Foreclosure Plunges in California

The number of California homes entering foreclosure plunged in the first quarter, the result of an improving economy, rising home prices and strict new state regulations on lenders.

During the year’s first three months, new foreclosure actions in the Golden State dropped 51% from the previous quarter and 67% from a year ago, the real estate firm DataQuick reported Tuesday.

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