Foreclosure Activity Resumes Climb in California: Report

"We’ve written for months now that extending foreclosure timelines — either via the use of legislation to lengthen notice periods, or through more direct moratoria efforts — will accomplish little more than delaying defaults, while simultaneously driving up costs and stretching servicers to a whole new level of thin. Proving that point yet again is ForeclosureRadar’s latest report on California foreclosure activity during December, released late Tuesday evening. The company specializes in monitoring California residential mortgage defaults."