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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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Notice of Defaults Increase throughout Southern California


There was a huge increase with filing Notice of Defaults throughout Southern California. A notice of Defaults is the initial document that starts the foreclosure process.  It was reported that there was a 25.9% increase from the second quarter.  The reason for the increase is due to the delay with "settlement talks between banks and state attorneys general over the robo-signing scandal".