In an article by Jeff Collins at the OC Register, states that Laguna Niguel is in the county’s top 13 zip codes that have the most foreclosures. Lake Forest having the highest number of foreclosures of 37 homes by the end of June according to First American CoreLogic. Meanwhile, cities with high-end homes either had no foreclosures such as Newport Beach and Coast or just one like Laguna Beach and Corona Del Mar.
Orange County still has not been hit as hard as other So. California counties. This is due to being less reliant on subprime loans that are offered to borrowers with shaky finances, no down payments or low credit scores.
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