Californians lost their homes in record numbers for a second straight quarter, figures released today show.
Foreclosures statewide were at an all-time high for the three months ended Sept. 30, after shattering a record level the previous quarter, the La Jolla firm DataQuick Information Services said.
Though the state’s foreclosure rate tops that of the 1990s real estate collapse, Los Angeles and Orange counties have fared better so far. Neither county has slipped to the foreclosure levels of the 1990s, although each saw a sharp increase from the previous quarter.
Third-quarter foreclosures statewide totaled 24,409, up nearly 40% from the second quarter. In the six Southern California counties of Los Angeles, Orange, San Diego, Riverside, San Bernardino and Ventura, there were 13,314 foreclosures, up from 1,960 in the third quarter of last year.