subject: Los Angeles foreclosure in 2010 [print this page] "We have established reports that show that home foreclosures in 2010 have increased at an alarming rate, indicating that such a trend is likely to continue. As of September 2009, there have been as many as one-seventh of all American home loans that are past their foreclosure date. This is the highest foreclosure rate since the last 30 years," says __________________. Even though there are numerous home owners that owe more on their homes than its present selling value, one should not be too concerned as eventually there should be a slowing down in the number of foreclosure sales resulting in the market picking up steam once again. Continuing toward 2011, there will be a slow increase in the Los Angeles foreclosure market, till it manages to stabilize itself.
