According to this blog report 59% of Los Angeles houses for sale are foreclosures? 55% in Palo Alto? What the…? 217 comments. And the map above.
I completely understand why anyone (especially someone living in one of these areas) might have some doubt and a hard time swallowing it. With that said, we always encourage individuals who have a similar stance to physically go to their Recorder’s office and ask for all the data. We have even had some literally go from street to street to count the number of homes for sale within a specific area (that was a bit extreme, but it’s what some people need to do to extract the “truth”).