Foreclosure activity continued to decline in December 2012. California Notices of Default were down 14.5 percent from the prior month and down 39.8 percent for the prior year. Foreclosure sales were down 22.3 percent from the prior month and down 47.9 percent from the prior year.
December 2012 California foreclosure inventory – including Preforeclosure, Scheduled for Sale, and Bank Owned (REO) inventories – fell 9.8 percent from the prior month and is down 49.6 percent compared to last year.
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