Los Angeles Times | January 27, 2009 | 9:56 a.m. PT --- Default notices against California homeowners drop sharply A new California law meant to slow down the foreclosure process kept homeowners in their houses in the fourth quarter of 2008. Notices of default against the state's homeowners dropped to their lowest level in more than a year between October and December, down 20% from the previous quarter and 7.7% from the same period in 2007 to a total of 75,230, according to MDA DataQuick. More at: http://link.latimes.com/r/ZEZWGA/W8KPK/L3JE02/XZ3M/7278D6/YT/t
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