Report: foreclosures are on the rise again

California has the second highest foreclosure rate in the United States. One in 88 homes in the state received a foreclosure notice last quarter.

The increase is seen as a sign that banks are moving more aggressively against borrowers who have fallen behind on their payments. Real estate experts say a revival in the housing market isn't likely to occur as long as there is a glut of potential foreclosures.

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