Community Event Provides FREE Help for Homeowners to Combat Foreclosure or New Buyers to Purchase an Affordable Home

Los Angeles, CA – February 28, 2011 – (RealEstateRama) — In the last two years, families in Los Angeles County lost their home to foreclosure every 15 to 18 minutes. Dataquick Information Systems reports 26,707 Los Angeles County families lost their home to foreclosure in 2010. In January 2011, 2,196 families lost their home to foreclosure1, indicating that not much has or will change in 2011. Exacerbating the issue is high unemployment and the low volume of permanent loan modifications being made available to families facing foreclosure.