California NODs Gain 2.4% Since 2008

The number of foreclosure proceedings begun against Californian homeowners from April to June fell slightly from the previous quarter but rose 2.4% from the same time period last year, according to real estate information provider MDA DataQuick.

“There is a perception that the housing market is dragging along bottom, that it probably won’t get much worse, and that the lenders need to get serious about processing the backlog of delinquencies, either with work-outs or foreclosure,” said DataQuick president John Walsh.