Southern California home foreclosure rates continued their decline for the month of March. There were a total of 8,438 foreclosures across all six counties in Southern California. This is a 23 percent drop from February figures. One in every 3,433 homes was in foreclosure during the month of March. Banks are now responding to foreclosures that have been put on hold due to an overwhelming new flood of foreclosure activity in recent months.

The foreclosure dips in the San Fernando Valley varied by area. Palmdale showed the highest numbers with one in every 438 homes entering foreclosure. The neighboring area of Lancaster also showed concerning numbers with one in every 438 homes entering foreclosure. More high figures include Sylmar (one in every 508 homes), Pacoima (one in every 582 homes), and Sunland (one in every 618).

San Fernando Valley communities with low foreclosure rates for March include Sherman Oaks (one in every 2,135 homes), Burbank (one in every 1,531 homes), and La Cañada-Flintridge (one in every 1,209 homes).

Source: http://www.sfvbj.com/news/2014/apr/10/home-foreclosures-fall/