Comments on: Got Foreclosures? http://www.socalbubble.com/2008/07/got-foreclosures.html Southern California is Experiencing a Real Estate Bubble like never before Fri, 19 Mar 2010 04:43:56 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Chuck Ponzi http://www.socalbubble.com/2008/07/got-foreclosures.html/comment-page-1#comment-64078 Chuck Ponzi Thu, 24 Jul 2008 05:35:38 +0000 http://www.socalbubble.com/2008/07/got-foreclosures.html#comment-64078 You're actually correct. I was thinking of this article, and confused the two: http://pqasb.pqarchiver.com/latimes/access/1147914411.html?dids=1147914411:1147914411&FMT=ABS&FMTS=ABS:FT&date=Oct+19%2C+2006&author=David+Streitfeld+and+Martin+Zimmerman&pub=Los+Angeles+Times&desc=More+Homeowners+Going+Into+Default%3B+A+housing+market+slowdown+combined+with+rising+payments+on+adjustable-rate+loans+is+leading+to+a+sharp+hike+in+notices+from+lenders.&pqatl=google I remember it because in 2005, only 6% of those entering foreclosure proceedings were foreclosed on (compared with 78% now) Chuck You’re actually correct. I was thinking of this article, and confused the two:

http://pqasb.pqarchiver.com/la.....atl=google

I remember it because in 2005, only 6% of those entering foreclosure proceedings were foreclosed on (compared with 78% now)

Chuck

]]> By: RJMason http://www.socalbubble.com/2008/07/got-foreclosures.html/comment-page-1#comment-64072 RJMason Wed, 23 Jul 2008 23:02:45 +0000 http://www.socalbubble.com/2008/07/got-foreclosures.html#comment-64072 <i>The original LA Times article was somehow attempting to soothe buyers that the real estate market was healthy, in part because foreclosures were at historic lows.</i> No, I don't think that's accurate. The original LA Times article (April 17, 2007) was "Foreclosure pace nears decade high." http://articles.latimes.com/2007/apr/17/business/fi-foreclose17 http://www.latimes.com/business/la-041707-fi-foreclosure-g,1,6753788.graphic?coll=la-mininav-business The original graph shows the curve doing an uptick in Q1 2007 to 11,033: not quite equal to the 1996 peak, but close. OCRenter chose to cut off the original graph at the minimum in 2006. But you can see that he left the original text saying "Home foreclosures are up sharply." The original LA Times article was somehow attempting to soothe buyers that the real estate market was healthy, in part because foreclosures were at historic lows.

No, I don’t think that’s accurate. The original LA Times article (April 17, 2007) was “Foreclosure pace nears decade high.”

http://articles.latimes.com/20.....oreclose17
http://www.latimes.com/busines.....v-business

The original graph shows the curve doing an uptick in Q1 2007 to 11,033: not quite equal to the 1996 peak, but close. OCRenter chose to cut off the original graph at the minimum in 2006. But you can see that he left the original text saying “Home foreclosures are up sharply.”

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