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April 24, 2024 |
New foreclosures decline to the lowest number in years SOUTHLAND – (INT) - Lending institutions began foreclosure proceedings last quarter on the fewest number of California homes in more than eight years.
Irvine-based CoreLogic DataQuick says it’s the sign of a recovering real estate market and the dwindling pool of toxic home loans made in 2006 and ’07. San Bernardino County had the biggest decline in the 6-county Southern California region at 22.9 percent. Riverside County was down 14.6 percent. Story Date: October 28, 2014
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