California Foreclosures Rebound
January 14th, 2009 • Related • Filed Under
Notices of Default (NOD) have rebounded from the stall caused by California State Senate Bill 1137, which temporarily slowed foreclosures by imposing new requirements on lenders. With 42,421 filings in December, NODs are back to the record levels reached in the second quarter of 2008, nearly doubling the 21,557 Notices of Default recorded in November.

