Default Research Inc., a foreclosure research company, reported this week that the number of foreclosures recorded in California jumped 300-percent in August when compared to the same period last year.

According to the data firm, foreclosure filings in Los Angeles County hit 6,040, up 2,047 when compared to August of 2006.
“Unfortunately, much of California, like most of the United States, can’t avoid the foreclosure problems that were caused by the housing boom from 2001-2005,” said Serdar Bankaci, president and chief executive officer of Default Research Inc. “Many of the areas hardest hit by the foreclosure problems are not economically challenged areas. California’s Sun Belt is a perfect example of that phenomenon, as the foreclosure crises stretches from Riverside up the coast to Sacramento.”
You can access a full list of foreclosure statistics by county by clicking on www.newsletter.defaultresearch.com.