Comments on: California Foreclosure Picture Continues to Worsen

By: Real Estate Foreclosure Blog

Real Estate Foreclosure Blog — Mon, 30 Jul 2007 07:49:19 +0000

[...] California Foreclosure Picture Continues to Worsen The California foreclosure picture continues to get worse as reported by DataQuick and Matthew Padilla at the OC Register:. There were 17408 foreclosures in the Golden State in the second quarter – that’s the highest quarterly total … [...]

By: Consumer Mortgage Reports

Consumer Mortgage Reports — Sun, 29 Jul 2007 23:13:03 +0000

This is a very unfortunate situation for thousands of people.

If this trend is not interrupted, look for our housing situation to deteriorate even further because if we all remember between 2000 and 2003 both the real estate and mortgage industries carried our economy.

People buy a home and then buy paint, pay movers, need carpet, goto Home Depot..etc

Alot is riding on this and maybe we will get a break if the Feds lower rates, even if it is temporary. I hope someone smartens up!

By: California Foreclosure Picture Continues to Worsen « Stop Foreclosure

California Foreclosure Picture Continues to Worsen « Stop Foreclosure — Sun, 29 Jul 2007 23:03:25 +0000

[...] Foreclosure Picture Continues to Worsen California Foreclosure Picture Continues to Worsen The California foreclosure picture continues to get worse as reported by DataQuick and Matthew [...]

By: TSmith

TSmith — Wed, 25 Jul 2007 14:02:50 +0000

I work for CurrentForeclosures.com, a foreclosures site and have seen a huge increase in the number of foreclosures in the past 7 months. I believe it is a combination of not only sub-prime and ARM mortgages, but also the high number of people who have gotten loans with interest rates at an all time low... in addition to the rapid depreciation in some areas and the difficulty some are experiencing in selling their homes.

By: Dr. Housing Bubble

Dr. Housing Bubble — Tue, 24 Jul 2007 20:22:21 +0000

It is safe to say that here in late July, we will have no summer housing rebound. That is why the housing pundits are silent. Countrywide bluntly stated that no housing rebound until 2009 (a gut feeling from their head honcho supposedly). Does that mean 6 months in 2007 and 12 months in 2008 housing will not be a solid investment? In addition, they had to say this with the massive loss in revenue they just reported.

They are one of the primary reasons for the cause of the oncoming pain. I was starting to hear rumblings that we’ve hit bottom from certain housing bulls. This pretty much puts a stake in that argument. And also the massive number of foreclosures hitting the country may put a damper on the housing market for a few years.