Monterey County Foreclosures on the Rise

Monterey County Weekly | April 17, 2008
If the pace continues, the number of foreclosures in the county this year will hit close to 4,000; last year the total was 1,568. "This is unprecedented," says Lou Solton, county treasurer and tax collector for 23 years. "There have been other downturns in the real estate market but never this pronounced and not this lengthy."

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