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Saturday, Dec 2, 2023

State’s foreclosures grow

Foreclosures in California soared in the second quarter to the highest level in at least 20 years, as many homeowners who bought at the height of the housing boom were unable to make mortgage payments, a real estate research firm said. In addition, the number of default notices – an indicator of possible future foreclosures – also jumped during the period between April and June, according to DataQuick Information Systems. In all, some 63,061 homes were lost to foreclosure in the second quarter – the most in any quarter since 1988, when the firm began tracking foreclosures. For the full story visit www.dailynews.com/ci_9964384

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