Los Angeles County Pre-Foreclosures Decline 25%
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saravanan2
Los Angeles County Pre-Foreclosures Decline 25%
In May 2012, 5099 property owners received notices, down from 6,806 in May 2011.
The figures include Notices of Default and Notice of Trustee Sales.
Mount Pleasant, PA, USA, July 17, 2012...
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Los Angeles County Pre-Foreclosures Decline 25%
In May 2012, 5099 property owners received notices, down from 6,806 in May 2011.
The figures include Notices of Default and Notice of Trustee Sales.
Mount Pleasant, PA, USA, July 17, 2012 -- Default Research, Inc.
(www.
defaultresearch.
com), today announced that May 2012 mortgage-related preforeclosure activity in Los Angeles County declined by 25%, compared with May
2011.
In May 2012, 5099 property owners received notices, down from 6,806 in May
2011.
The figures include Notices of Default and Notice of Trustee Sales.
Los Angeles County homeowners received 2,642 Notices of Default in May 2012,
down from 3,051 in May 2011 (down 13.
4%).
In contrast, 2,457 Notices of Trustee
Sales were sent to homeowners in May 2012, compared to 3,755 in May 2011 (a
decline of 34.
6%).
In California, homeowners receive a Notice of Default when their mortgage
payment is at least 30 days in arrears; a notice of Trustee Sale is the
homeowner?s notifi
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