https://s3.amazonaws.com/CA_Foreclosure_...Report.pdf

Caveat emptor on the source. But these numbers are SCARY.

Quote:The average California foreclosure has a total loan balance of $425,134 on a home that is now worth $236,739.

Quote:Filings of new Notices of Default were little changed from June at 44,996 filings, a 1.5 percent decrease. Year-over-year filings rose by 11.9 percent from July 2008.

Quote:Foreclosures scheduled for sale rose to 124,874, a 10.4 percent increase from the prior month, and a 93.3 percent increase year-over-year from July 2008. The year-over-year increase is significant given that foreclosure sales in July 2008 set a record that has not again been reached.

(08-12-2009 10:39 AM)DrTorch Wrote:  https://s3.amazonaws.com/CA_Foreclosure_...Report.pdf

Caveat emptor on the source. But these numbers are SCARY.

Quote:The average California foreclosure has a total loan balance of $425,134 on a home that is now worth $236,739.

Quote:Filings of new Notices of Default were little changed from June at 44,996 filings, a 1.5 percent decrease. Year-over-year filings rose by 11.9 percent from July 2008.

Quote:Foreclosures scheduled for sale rose to 124,874, a 10.4 percent increase from the prior month, and a 93.3 percent increase year-over-year from July 2008. The year-over-year increase is significant given that foreclosure sales in July 2008 set a record that has not again been reached.

But WAIT !!!!!!!

Didn't Obama "FIX" all this nasty mess with like $Trillion Dollar Bailout$ ???????

I guess the Old Boy can't Turn Water to Wine After All .....

Or I guess that maybe the Employee & CEO Bonuses are eating up the Bailout Money !!!!!!

.

All around So Cal I see dead lawns. It's not so bad where I live, but just go a mile or two in any direction and you can see a lot of empty homes.