Defaults are up 11 percent from October, 125 percent from last year.
By MATHEW PADILLA
The Orange County Register
Orange County homeowners are missing mortgage payments and losing their homes to foreclosure in rapidly increasing numbers, as the housing market slumps.
Banks sent owners 665 notices of default in November, a 125 percent increase from a year ago and an 11 percent rise from October, DataQuick reported Wednesday. It's the highest monthly total in more than seven years.
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