Drop in L.A. foreclosures
Foreclosure activity in metropolitan Los Angeles slowed in the second quarter, with the region ranking well below the nation's 25 most-distressed communities, according to a study released Tuesday.Gregory J, Wilcox in the Daily News.
Los Angeles fell from 98th place in the first quarter to 124th in the second quarter in terms of foreclosure activity, said Foreclosure-Response.org, which based its report on loan performance data provided by LPS Applied Analytics.
The region ranked 68th in loans that are considered seriously delinquent, compared with 64th the previous quarter.
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Los Angeles Daily News City Hall reporter Rick Orlov writes about politics on the local, state and national stage.
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