Thursday, March 13, 2008

More NODs for Burbank but Not Studio City

I just looked at the Notices of Default for the week of 3/5-3/12. NODs are filed when a home owner is at least three months late on mortgage payments and is a first step to foreclosure. Palmdale and Lancaster are still the county's epicenter for NODs, but Burbank's numbers increased to 18 this week. Other community NOD stats: North Hollywood-29; Sherman Oaks-10; and Studio City has only one, which is a decrease from prior weeks.

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