Tuesday, August 28, 2007

Blight

It'll be fascinating to see how suburban communities deal with this.

More than 100 houses a day are being foreclosed on in Southern California, up from 13 a day last year. That's still a relative handful for such a populous area, but even the optimists predict that the problem will soon get much worse.

If the foreclosure trend continues on its current pace, experts warn, communities will need to act decisively to avoid blight.

"We know it's coming," said Tina Hess, the assistant Los Angeles city attorney who handles housing enforcement and problem properties.