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Mortgages in Default Increase Sharply in California
According to First American CoreLogic, Inc., 9.5% of California mortgages in May were in default, up sharply from 5.8% in May 2008. This will ultimately result in more foreclosures, short sales and bank owned properties coming on the market, assuming … Continue reading
Posted in Luxury Short Sales
Tagged bank owned los angeles, foreclosure, LA Times, NOD, short sales los angeles
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