Friday, July 31, 2009

Ten percent of California mortgages in default



Wow. And, if the problem is spreading to commercial real estate as well, a href="http://www.latimes.com/news/la-fi-default31-2009jul31,0,294190.story"as the story says/a, recovery is far away from the Leaden State. With unemployment so high there, homeowners have no money to refinance, and there’s no new buyers on the market, so plenty of defaults.div class="blogger-post-footer"There is no god and I am his prophet.img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/7532871-59402041586224189?l=socraticgadfly.blogspot.com'//div

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