Feb 12 2009

Monthly Foreclosures and the Dreaded Road Ahead: On Path to another 3,000,000+ Foreclosures for 2009. 1 out of Every 173 Homes Received a Foreclosure Filing in California. 8,800 Foreclosure Filings a Day in the United States.

Foreclosures filings in past economic downturns were usually driven by job losses or contractions in the economy.  In our current recession we had an interesting dynamic in that many foreclosures were caused by the actual mortgages given to borrowers.  This of course spurred the housing bubble but more importantly, positioned a double whammy for our […]

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