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California Foreclosures More Than Doubled in 2010

Jan 25, 2011 9:05 AM

From The Los Angeles Times:
California Foreclosures More Than Doubled in 2010
 The number of California hotels in foreclosure more than doubled in 2010 to 138 properties, according to a new real estate report. The quarterly survey by Atlas Hospitality Group in Irvine blames the increase from 62 foreclosures in 2009 on the effects of the recession on hotel owners who took out expansion and renovation loans during better economic times. Click here for the full story.

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