Wow...Check out this article on forclosure notices: Online Articles/ Los Angeles

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Real Estate Appraiser with Bennett Appraisals Licence # Avail. on Req.

According to several online real estate information services, the highest number of mortgage default notices in over a decade were sent out last quarter in CA as a result in falling or flat home prices, slow sales and a market struggling with the home buying frenzy of 2004-2005.

 Whoa.............. Check out this Los Angeles Times article about forclosures in the California Market:

http://www.latimes.com/business/la-fi-housing25jul25,0,2714634.story?coll=la-home-business

 

 

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Rainmaker
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Charles McDonald®
Charlottesville Real Estate Solutions - Charlottesville, VA
REALTOR®, Principal Broker®, Owner

Scary thing. what is more scary is that California seems to always lead the way with things like this. Take a look at the Stock Market slide today :-(

best regards, Charles

Jul 26, 2007 07:32 AM #1
Rainer
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Provadus Home Loans
Provadus Home Loans - Marietta, GA
Technology bringing you home.
I certainly agree with Charles.  Why is it that California always leads in forecloses & mortgage fraud.  Crazy world we live in, at least we try to learn for it all...
Jul 26, 2007 07:52 AM #2
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