Mortgage payments lagging
Foreclosures plunged in Los Angeles County and across California in the second quarter from a year earlier, but default notices increased, a sign of more trouble for the housing market, a research firm said Wednesday.Gregory J. Wilcox in the Daily News.
Second-quarter foreclosures in the county fell 30 percent to 6,706 properties, compared with 9,609 a year ago, according to MDA DataQuick, based in San Diego.
Statewide, there were 45,667 foreclosures in the April through June period, down 28percent from 63,316 a year earlier.
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Los Angeles Daily News City Hall reporter Rick Orlov writes about politics on the local, state and national stage.
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