Woodland Hills Foreclosures through April 2011
I have a bankruptcy law satellite office in Woodland Hills, CA. It used to be the case that debtors in the Antelope Valley filed bankruptcy in the Woodland Hills Bankruptcy Court. This is not the case any longer as residents of the Antelope Valley now file bankruptcy downtown. Anyway, I thought it would be instructive to survey the foreclosure landscape in Woodland Hills in a similar fashion as I had done for Palmdale Foreclosures and Lancaster Foreclosures.
The Woodland Hills foreclosure trend year-over-year is pretty flat from the standpoint of Notices of Default. Notices of Default are only down 5.26%. On the other hand, Notices of Sale are off 25.00% in the same time period. Compared to Lancaster or Palmdale who experienced significant decreases in Notices of Default the modest 5.26% is a pretty modest. I think it would be fair to say that things never got quite as bad in Woodland Hills even at the height of the recession and the housing bubble burst so this might help explain the discrepancy.
By the way, Foreclosure Radar is great service which provides incredibly detailed data on foreclosures pretty much anywhere you could imagine and I have them to thank for all these neat graphs.