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California foreclosures near record levels

By Art C Ryter at 04/17/07 19:01

California foreclosures levels not seen since the last housing market downturn in the mid-1990s. Foreclosure percentage changes from just a year ago are astounding. Most greatly affected areas are places where housing was initially inexpensive such as the Inland Empire and Central Valley. As defaults rise, there may be increased calls for foreclosure help or mortgage relief.

Original source: . [404 Check: was link to http:/ / www. latimes. com/ business/ la -fi -forclose17apr17,0,5052032. story?track=mostviewed -storylevel, anchor: California foreclosures near record levels]

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