Socal foreclosures rise 177% in '07

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By
Muhammed El-Hasan
on January 4, 2008 12:12 PM | | Comments (0) |

Los Angeles County saw 59,086 foreclosures in 2007, up 148 percent compared to 2006, according to
Mt. Pleasant, Pa.-based Default Research, which provides foreclosure real estate data.

“Throughout 2007, Southern California has been a hot bed of foreclosed homes,” said Serdar Bankaci, President andCEO of Default Research, in a statement. “I think we will continue to see some increases, but the foreclosure crisis could be winding down. The market is even showing positive signs, such as a decrease in housing inventories.”

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This page contains a single entry by Muhammed El-Hasan published on January 4, 2008 12:12 PM.

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About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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