Summary
The housing market may be nearing a bottom, but foreclosures continue to mount in California and L.A. County, according to numbers released Wednesday by a real estate tracking firm.
One out of every 150 homes received a foreclosure notice in L.A. County in July, according to RealtyTrac Inc. Bank-owned properties and homes that received notices of default made up much of the 22,540 properties that received some kind of filing in July, according to the report. That was a 70 percent increase from last July, and a 5 percent increase from June.See the full content of this document
Extract
Foreclosed Homes Continue to Mount
A glut of foreclosures on the market tends to keep home prices down as banks try to sell them, and "underwater" homeowne...
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