Are California lenders dumping foreclosed homes onto the market at bargain rates?A new study by Anaheim, Calif.-based Experian, which gathers and analyzes property data, says no. Nima Nattagh, a market analyst for Experian, said the analysis "dispels a misconception about the impact that foreclosed properties in Southern California are being heavily discounted."

While the average discount to market varies from area to area, the average for the southern part of the state is 3.9%, Experian found, and the average property is on the market about six months.

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