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Valley Foreclosure Check

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Using data from two studies, the Daily News's Greg Wilcox reports that the foreclosure situation in San Fernando Valley may be stabilizing. Via the paper: "Foreclosures fell for the third consecutive month in communities from Glendale to Calabasas, with 549 families losing their homes. While that's 33 percent more than a year earlier - when the housing market was beginning to crumble - it's also 41percent below the record high of 923 reported in August by the San Fernando Valley Economic Research Center at California State University, Northridge. 'That's quite a dramatic drop,' said Daniel Blake, the center's director." [Daily News]