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Foreclosure State

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Your morning foreclosure news: California foreclosures dropped 5 percent from May; closer to home, "one in 263 households in Los Angeles County and one in 234 in Ventura County were notified of foreclosure activity, according to RealtyTrac, which monitors default notices, auction sale notices and bank repossessions." Overall, California accounted for seven of the top 10 metropolitan areas in the country with the highest foreclosure rates; Florida took the remaining three spots. [Daily News]