On Monday, March 03, 2008 9:13 AM Adam Buckland wrote: >Actually the greatest increase is in California, white republican IIRC but I'm sure you can get one of your racist spins on it..
>"By January, California had the biggest number of properties facing default and foreclosure in the US - at just over 57,158 more than >double the equivalent figure from last year." My _guess_ is majority of those foreclosure are Mexicans. It is all a result of Dubya's call for everyone to own a house. He didn't care if people could actually afford the house or not. Just get them the loans and hope the market stays strong. Well, the bottom fell out of the market and now the 3 year ARMs are coming due and folks can't afford the payments now since their salary hasn't kept up with the 20%+ a year (at the height of the market) increase. It is a shame since many folks are going to be kicked out of their homes and back into apartments... David L. Crooks _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
