California leads nation in number of completed foreclosures • A lower foreclosure inventory is a good indicator of improving housing markets With 105,000 completed foreclosures for the 12-month period ending October 31, California leads the nation in the number of foreclosed homes, according to a new report Monday from financial information company CoreLogic Inc. (NYSE: CLGX) of Irvine.
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Since it is regularly reported that the banks holding mortgages and mortgages in default control the inventory of listings and foreclosures, are stats like this helpful at all?
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