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 CODECITY# of new scheduled auctions
93550Palmdale233
93535Lancaster183
93552Quartz Hill114
93551Palmdale111
93534Lancaster99
91342Los Angeles (Sylmar)97
90044Los Angeles (Southwest L.A.)88
90650Norwalk87
91331Los Angeles (Pacoima)84
91335Los Angeles (Reseda) 80
93536Lancaster80
93536Lancaster80
91766Pomona73
90805Long Beach70
91402Los Angeles (Panorama City)61

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