Foreclosures.com: California Default Rate Slows, Hot Markets Cooling

Foreclosures.com: California Default Rate Slows, Hot Markets Cooling: "SACRAMENTO, Calif.--(BUSINESS WIRE)--July 18, 2005--Foreclosures.com, a distressed property investment advisory firm based in Fair Oaks, CA, reported today that foreclosure activity in the Golden State continued to decline in the second quarter of 2005.
'We saw a total of 11,715 notices of default filed as of June 30, 2005, down from 13,363 at the end of the first quarter,' said Foreclosures.com president Alexis McGee. She added that foreclosure activity in the state was at its historic baseline with approximately double the number of defaults occurring in southern California than in the north"
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