Comments on: U.S. Home Foreclosures Up 18%

By: Dallas bail bonds

Dallas bail bonds — Thu, 18 Jun 2009 18:33:27 +0000

I think you're right, not all foreclosures are due to bad mortgages. I would imagine a healthy number are from folks being out of work too. High and prolonged unemployment has gotta spike the foreclosures. Dallas bail

By: acne medicine

acne medicine — Thu, 18 Jun 2009 18:32:23 +0000

Given the ratio to income to sales price in California the foreclosure crisis will be a California problem for many years. Until the recent bubble lending 3 times income was a good yardstick but now it ranges from 6 to 10 times income and this has become the norm. A good example would be the city of Santa Rosa BMR problem that has a cap of 50K income for houses costing 304K using the FHA 3% down program. Low income cannot afford a 300K home; only in California is this type of thinking keep alive by local and state government. In fact the State yesterday wants to give low income families 100% financing for foreclosure homes in the most impacted parts of the state. These homes require extensive rehab which low income citizens do not have and will again provide a new wave of foreclosures in the coming years. adult acne

By: San Diego hotels

San Diego hotels — Thu, 18 Jun 2009 18:31:33 +0000

One big reason loans will continue to default in mass is that no one can afford to sell their home. In my area condos sold for $430,000 to $490,000 are now being sold in foreclosure between $199,000 and $235,000! San Diego California hotels

By: Hoodia Diets

Hoodia Diets — Thu, 18 Jun 2009 18:30:51 +0000

Negative equity is a big deal no doubt but I believe that job loss is also what hasl really created a wave of foreclosures this year. Hoodia Gordonii