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... creating a new wave of foreclosures." California homeowners hold almost 60% of the nation's option-ARMs originated between 2004 and 2008. ...
In 33 states, including California, homeowners don't even have to be personally served with a foreclosure notice. Tenants have stronger protections. ...
More Option Arms were sold in the hardest hit states than any others, accounting for the highest rates of foreclosures. California alone accounted for ...
