It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

L.A., Miami Home Foreclosure Rates More Than Double

page: 1
0

log in

join
share:

posted on Jul, 6 2008 @ 12:17 AM
link   

L.A., Miami Home Foreclosure Rates More Than Double


www.bloomberg.com

July 2 (Bloomberg) -- New foreclosures almost quadrupled in Los Angeles and doubled in Miami in the second quarter, with as much as $5 billion worth of loans going bad in L.A. alone, the online real estate data company PropertyShark.com reported.

The number of homes scheduled for auction in Los Angeles rose 14,505 compared with 3,797 in the same period a year earlier, PropertyShark said in a report distributed by e-mail. In Miami-Dade County, the number climbed to 2,677 from 1,282.

``The foreclosure chart for Los Angeles is unfortunately starting to look like a ski jump,'' Adina Dumitru, a member of PropertyShark's foreclosure products team, said in the statement.

(visit the link for the full news article)




posted on Jul, 6 2008 @ 12:17 AM
link   
The number of foreclosure sales slated in Los Angeles jumped 63 percent in the second quarter from the first quarter. The figure rose 28 percent in Seattle, 20 percent in Miami and 5 percent in New York.

We are at the beginning of a serious decline of our standard of living. Be prepared.

www.bloomberg.com
(visit the link for the full news article)



posted on Jul, 6 2008 @ 01:18 AM
link   
this us exactly why the financials industry will collapse in the 2nd half of July.


That 5 billion from la alone will have to be written off, and that will show in the numbers reports this month.



new topics
 
0

log in

join