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California home foreclosures soar to record level (Reuters)

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10-26-2007, 02:12 PM

Ron Burgundy Ron Burgundy is offline

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California home foreclosures soar to record level (Reuters)

Mortgage lenders launched more than 70,000 foreclosure proceedings in California in the third quarter, marking a record for the state, where many housing markets are slumping amid mortgage market turmoil, according to a report released on Friday.

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