Wednesday, June 4, 2008

Record Foreclosures in Los Angeles County

Los Angeles County had a record number of foreclosure sales scheduled in May, according to propertyshark.com.

Not all of these auctions will end up happening. Many homeowners will save their homes from being sold on the courthouse steps. But it is a dire state for a homeowner to have a foreclosure auction scheduled. And in May the number of L.A. county auctions increased 17% over the already high levels in April.

Once again, the hardest hit areas are around Palmdale/Lancaster. Within the city of Los Angeles, the worst areas were Sylmar, Southwest L.A., Pacoima, Reseda and Panorama City.

Here's the 10 zip codes with the most new foreclosure auctions scheduled in May:

ZIP CODE CITY # of new scheduled auctions
93550 Palmdale 233
93535 Lancaster 183
93552 Quartz Hill 114
93551 Palmdale 111
93534 Lancaster 99
91342 Los Angeles (Sylmar) 97
90044 Los Angeles (Southwest L.A.) 88
90650 Norwalk 87
91331 Los Angeles (Pacoima) 84
91335 Los Angeles (Reseda) 80
93536 Lancaster 80
93536 Lancaster 80
91766 Pomona 73
90805 Long Beach 70
91402 Los Angeles (Panorama City) 61

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