LA County Foreclosures Near 10,000 For January
Foreclosures in LA County were at nearly 10,000 in January, another sign that the real estate market could be in freefall.
January saw 9,885 foreclosures, according to Default Research Inc., which tracks such data. That accounts for 2.05% of all households.
January foreclosures are up 41.6% over December's number of 6,979.
January's figure is also up a wopping 246.5% over January 2007, which saw 2,853 foreclosures in the county.
Riverside County had the worst Southern California foreclosure rate at 6.34% of households, or 44,379 foreclosures.
Orange County had the region's best foreclosure rate at 1.95%, or 19,881 foreclosures.