L.A. Foreclosures Lowest Among Large Metro Areas

Los Angeles Business Journal Online: "Foreclosures in Los Angeles surged 19 percent in August, with more than 1,200 properties entering foreclosure during the month, but L.A. still managed to boast the lowest foreclosure rate among the nation's five largest metropolitan areas for the fifth consecutive month, said Irvine-based property database company RealtyTrac.
Los Angeles reported 1,232 foreclosures in August, or one foreclosure for every 2,655 households. The city's foreclosure rate was nearly half the national average and a bit lower than the state average, said RealtyTrac"
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