Studio City Real Estate news, information and tips for buyers and sellers in Studio City and surrounding areas. Heather Farquhar - CaBRE#01010047 -CONTACT US - 818-579-2050
Friday, October 24, 2008
California Mortgage Default Filings Drop
Default filings totaled about 40,000 for each month from March to August. In September the number dropped to 14,995 filings as a new state law took effect early that month. It requires that in many instances lenders must try to contact homeowners delinquent on their mortgage payments, then wait 30 days before filing a default notice.
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