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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (141075)	8/14/2008 12:04:10 PM
From: Jim McMannis	Respond to of 306849

Rollin' Rollin' Rollin', keep them doggies rollin'. Rawhide... Estimate: 1,300 foreclosures every business day in California latimesblogs.latimes.com Banks and lenders have now foreclosed on $100 billion worth of California homes over the past two years, and are foreclosing at the rate of 1,300 houses every business day, according to a new report from ForeclosureRadar.com. The report, covering foreclosure activity in California in July, notes that new mortgage defaults are declining, but foreclosures are continuing to rise sharply. "It is clear that far fewer homeowners are finding a way out of foreclosure," the company reports. The pace of foreclosures in California -- 1,300 every business day -- has more than tripled from the year-ago rate of 415 per day, ForeclosureRadar estimates.

To: Smiling Bob who wrote (141075)	8/14/2008 12:10:33 PM
From: Giordano Bruno	Respond to of 306849

The Nasdaq is going to be hurtin' fer certin'.