Golden State Foreclosure Starts Lowest Since Late 2005

WASHINGTON, D.C. – April 23, 2013 – (RealEstateRama) — The number of California homeowners entering the foreclosure process plunged to the lowest level in more than seven years last quarter. The unusually sharp drop in the number of mortgage default notices filed by lenders stems mainly from rising home values, a strengthening economy and government efforts to reduce foreclosures, a real estate information service reported