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Loan Modification

: The Truth About Mortgage.com

California Mortgage Defaults Climb 80 Percent to Record High

By scot184

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A record 135,431 default notices were sent to California homeowners during the first quarter of the year, up 80 percent from the fourth quarter and 19 percent from the same period a year ago, according to DataQuick. The company attributed the sharp rise in delinquencies to the ongoing recession along with the delay caused by legislation [...]

Full post as published by The Truth About Mortgage.com on April 23, 2009 (boomark / email).

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