California foreclosures flat in July

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Good morning. Nationally, foreclosure filings spiked by 9% from June to July, but in California the numbers held fairly steady, rising less than 1% from month to month, according to RealtyTrac.

Within California, Los Angeles is not a major foreclosure trouble spot. ‘Six California metropolitan areas reported foreclosure rates among the (nation’s) top 10 in July: Stockton at No. 2; Merced at No. 3; Modesto at No. 4; Vallejo-Fairfield at No. 5; Riverside-San Bernardino at No. 8; and Sacramento at No. 9.’

Year over year, California foreclosure filings were up by 289%, and California -- with 39,013 foreclosure filings -- has more than double the number of filings of any other state.

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