Re[2]: [RT] Re: [TimeandCycles] The Great Bear has just begun

[Code 2 <Code2@xxxxxxx>]

> 2.  The # of mortgages in california that are more than 30 days
> behind in payments is 4%.  Not the 21% you seem to have made up out
> of thin air (just what source do you claim to cite for that
> anyway?).  That 4% is about 4 times "normal" but even that is more
> than the number in actual foreclosure.

That figure sound more accurate.  A RealtyTrac article July 25 said
that foreclosure proceedings (the next step after default) commenced
on one in every 65 households in California during the second quarter.
That's 1.5%, but remember that that's just foreclosures commenced
during April to June.

The whole article is at http://www.realtytrac.com/ContentManagement/pressrelease.aspx?ChannelID=9&ItemID=4891&accnt=64847


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