Foreclosures Down

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Los Angeles County saw 9,867 unique foreclosure filings in April, down about 10 percent from March, according to Default Research, a Mt. Pleasant, Pa.-based tracker of foreclosure activity.

Southern California saw a 4 percent drop in the filings, known as Notice of Defaults or Notice of Trustee Sales, from March to April. That amounted to 31,331 filings in April.

"Southern California, one of the hardest hit areas in the country, seems to have hit bottom as far as foreclosures go," Default Research founder Serdar Bankaci said in a statement.

In Los Angeles County, the city of Los Angeles had the highest number of foreclosures for April, at 1,824. Palmdale was second with 527, followed by Lancaster with 478 and Long Beach with 434.

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This page contains a single entry by Muhammed El-Hasan published on May 21, 2009 4:43 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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