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Fewer LA Foreclosures

Notices of default were down 12.9 percent in LA in the fourth quarter of 2011 (compared to a year earlier). LAObserved has the data, which shows "a significant decrease in foreclosure activity" all over the Southland, and notes that "The Dataquick folks aren't sure whether it's because of improving market conditions or because the alternatives to foreclosure - short sales, loan modifications and the like - are beginning to take hold." [LAObserved]