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Reversing course on an improving trend, Los Angeles first time foreclosures jumped 47% from Q1 2009 (9,263) to Q2 2009 (13,654), although the number fell 6% from the second quarter of 2008. The foreclosure rate was also very high, with one in every 230 homes scheduled for auction.

Zip codes in Palmdale and Lancaster continue to top the list of areas with the highest number of new foreclosures. All top zip codes recorded a significant increase from the previous quarter, 93559
(Palmdale) up 29%, 93535 (Lancaster) up 31%, 90650 (Norwalk) up 84%.

Roxana Baiceanu

Roxana Baiceanu

Roxana is an associate editor with Multi-Housing News and Commercial Property Executive. In the past, she also created content for PropertyShark and Point2Homes’ blog pages. She also has 5 years of experience as a marketing copywriter.