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my own daughter is in a foreclosure
this July was 1 year of no payments
the house does not have even a referee for a date of auction
when i called jp Morgan who bought the loan from countrywide
and offered 404K for a 445 balance they would not negotiate
taxes have not been paid now for 3 6 month period
the attorney for jpm told me it will go to auction dec
so
think how many people are 3 month 6 month 9 month
and are not foreclosed yet!!
Ben
----- Original Message -----
From: "Code 2" <Code2@xxxxxxx>
To: "hostmaster" <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, August 03, 2008 10:19 AM
Subject: Re[2]: [RT] Re: [TimeandCycles] The Great Bear has just begun
>> 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
>
>
> ------------------------------------
>
> Yahoo! Groups Links
>
>
>
>
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