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Real Estate > Piggington's Econo-Almanac

Mortgage Defaults Come Roaring Back

Rich Toscano | Tue, 01/13/2009 - 4:22pm |  Add a comment

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As discussed in previous installments, a recent change to California state law inserted an extra 30-day waiting period at the beginning of the foreclosure process. Sure enough, mortgage defaults plummeted when the law went into effect. But a couple of months came and went without a commensurate ri
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