Foreclosure Activity Remains High in Los Angeles County

Wilmington, DE, July 27, 2007 --(PR.com)-- Foreclosures are a major concern in California, especially in the nation’s largest county of Los Angeles. With home sales in a major slump and prices remaining relatively stable, Los Angeles County is seeing increasing foreclosure activity in June 2007. LA-foreclosure.net is reporting 2,691 Notices of Default filed and 1,552 Notices of Trustee sales filed in Los Angeles County. This is a total of 4,242 unique foreclosure filings in June of 2007, slightly below the 4,264 foreclosure documents filed in May 2007.

The majority of foreclosure filings were in the 93535 zip code in the city of Lancaster, California, which is located in the north eastern part of the county. The top 10 zip codes ranked according to foreclosure activity are:

Zip Foreclosure
Activity
93535 ... 140
93550 ... 130
93536 ... 123
93551 ... 91
93534 ... 65
93552 ... 60
91331 ... 57
91342 ... 56
90047 ... 50
91344 ... 50

No end seems to be in site for this foreclosures activity. With stricter lending policies, home inventory will continue to rise, and foreclosures will continue. Those with good credit will be able to find great deals on residential properties. Using LA-foreclosure.net’s daily pre-foreclosure listings published just one day after recording, investor can have the jump on these properties.

For more information please visit www.la-foreclosure.net.

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