forclosures

Housing News: CA Edition

Yeah, the stock market is at record highs and gas is back to the low-low-low still higher than when Clinton was in office price of $2.50/gal, and we're building a fence so I can pick lettuce for my second job instead of some undeserving Mexican, all hail the Bush Boom!

By David Streitfeld and Martin Zimmerman, Times Staff Writers
October 19, 2006

The number of Californians who are significantly behind on their mortgage payments and at risk of losing their homes to foreclosure more than doubled in the three months ended Sept. 30, providing the latest evidence of trouble in the housing market, figures released Wednesday show.

Lenders sent out 26,705 default notices — the first step toward a foreclosure — during the July-to-September period, up from 12,606 during the same quarter in 2005, according to DataQuick Information Systems.