You gotta love the blogosphere...
I found this post from fellow blogger site Calculated Risk, which summarizes information about California's current default and cure rates from DataQuick.
As of Q1 2008, new defaults statewide have more than doubled (up 143%) compared to Q1 2007, while the current cure rate has dropped to less than one-third (32%), down from about half (52%) in Q1 2007.
Recordings of Trustee's Deeds Upon Sale, the title document that records after a borrower loses their property at a Trustee's Sale, are at their highest rates in the 20 years since DataQuick started tracking Trustee's Deeds. In the first three months of 2008, 47,171 Trustee's Deeds recorded statewide.
Calculated Risk has been on my FEEDS for a long time. Great Site!