Mt. Pleasant, PA (PRWEB) March 26, 2009
Default Research, the premier provider of preforeclosure real estate data in Southern California, is reporting that Notice of Defaults and Notice of Trustee Sales recorded in Southern California dropped 3.54 % from February 2008 to February 2009. For far more detailed Southern California region foreclosure statistics listed by county, please check out http://marketplace.defaultresearch.com

Housing indicators show a continued reduce in house inventories while median house rates are beginning to level out,” said Serdar Bankaci, founder of Default Study. “With the complete effects of the numerous stimulus packages, along with the president’s new Mortgage Modification plan, we may possibly begin to have some hope for the housing market place.”