La Jolla, CA.--The number of California homes pushed into the formal foreclosure process between April and June dropped for the fifth consecutive quarter to the lowest level in three years. The declines were greatest in the most affordable areas, where foreclosure activity continues to fall from extremely high levels over the past two years, a real estate information service reported. A total of 70,051 Notices of Default ("NODs") were filed at county recorder offices during the … [Read more]