REAL ESTATE
From Times Staff and Wire Reports
California Foreclosures Level Off: The rapid increase in foreclosure activity leveled off last quarter as delinquency rates stabilized and lenders found alternative ways to deal with problem loans, a real estate information service reported. Lenders recorded 25,032 notices of default on California homeowners during April, May and June. That was down 11.2% from the first quarter’s 28,191.
