Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 23 July 2012 [View all]Demeter
(85,373 posts)5. California Foreclosures Spike In June
http://www.capradio.org/articles/2012/07/12/california-foreclosures-spike-in-june
...It was the first month California's foreclosure rate ranked number one since RealtyTrac began issuing its report in January of 2005.
Blomquist says the so-called "Homeowner Bill of Rights" signed into law by Governor Jerry Brown yesterday may help reduce foreclosure rates.
"I think this law will make it less likely that banks are going to repossess a property through foreclosure and more likely that they, as an alternative they'll agree to a short-sale."
Looking at mid-year data, Blomquist says California posted the nation's fourth highest state foreclosure rate in the first half of 2012 behind Nevada, Arizona and Georgia.
...It was the first month California's foreclosure rate ranked number one since RealtyTrac began issuing its report in January of 2005.
Blomquist says the so-called "Homeowner Bill of Rights" signed into law by Governor Jerry Brown yesterday may help reduce foreclosure rates.
"I think this law will make it less likely that banks are going to repossess a property through foreclosure and more likely that they, as an alternative they'll agree to a short-sale."
Looking at mid-year data, Blomquist says California posted the nation's fourth highest state foreclosure rate in the first half of 2012 behind Nevada, Arizona and Georgia.
Edit history
Please sign in to view edit histories.
92 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
The whole scam is just so massive. It's just mind boggling how complicit the richest criminals have
mother earth
Jul 2012
#9
These 12 Hellholes Are Examples Of What The Rest Of America Will Look Like Soon
Demeter
Jul 2012
#25
How Whole Regions of America Have Been Destroyed in the Name of Quarterly Profits
Demeter
Jul 2012
#50
I know some do not appreciate Taibbi, but who else tells it like it is? Looking forward to "more".
mother earth
Jul 2012
#11
I know, seems like RS & Vanity Fair have stepped up enormously. I love MattT.
mother earth
Jul 2012
#17
Holding Off Armageddon: The Libor Scandal In Full Perspective By Paul Craig Roberts
Demeter
Jul 2012
#8
Exclusive: Prosecutors, regulators close to making Libor arrests (REST THE CASE)
Demeter
Jul 2012
#14
Raining like mad in the markets, too. US Futures looking UG-LEE. Italy down 5%
Roland99
Jul 2012
#40