99% percent people that bought house in ca. with in a year, they going to lose their house. 95% people that bought house in ca. went with adjustable rate. this is study that done by couple bankers.

this is study that done by couple bankers

citations please

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Here's a link directly to the article. I was amzed myself!

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Sounds like bullstuff. Or a joke. What the hell is going on with this thread?

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Terry Light - Professional Contrarian
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for now Georgia is the Leading foreclosure State with 1 for every 349 georgians being hit by foreclosures the last 2 months. Texas is the numero uno for having the most Foreclosures this year. but still Texas real estate is hot and have heard that the hot market is just beginning to heat up.
and as far as the rich states, New York Foreclosure rate is like 1 for every 1800 Yorkers. I forgot about CA (ya Live here too - lol) the states showing the most foreclosures are those poorer states like georgia, Tennesse and michigan (1 for every 408 household)

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Bay Area Real Estate | Free MLS. Coming to CA and like to know Things to do in California.

99% Is this a joke?

If that stat were true, a state of emergency would have to be declared in not only California, but the entire nation.

Banks would fail, wall street would burn down, people would goto jail, and a government bailout of enormous proportion would be necessary.

Think about the numbers.

W. Peterson

webmaster for
Kissimmee Florida Real Estate
and a few others.

It's going to be high and afraid it's gonna get ugly...I spoke with three Mortgage Brokers a few days ago (these brokers does about a million commission a year each)
and lately the refi's been going crazy for homeowners wanting to keep the home instead of going into some sort of foreclosures or from going to fixed rate...(according to them).

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Bay Area Real Estate | Free MLS. Coming to CA and like to know Things to do in California.

But 99%! I can see a problem coming with the high sales prices in CA (& other states). But the original post (ridiculous post I should add, with no back-up) made a pretty stupid prediction, and wasn't even intelligent enough to leave a link to his/her spam.

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Southwest Chicago Suburbs Real Estate is an affordable area with close access to downtown Chicago. Money Magazine says that Orland Park real estate is one of the best places to live in the U.S.

Sorry - that's correct 99% is very high...

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Bay Area Real Estate | Free MLS. Coming to CA and like to know Things to do in California.

Anyone who's interested, ask your Mortgage Broker friends this question.

What would happen if 1 out of every 5 loans closed by them (20%) were to go into default within the first 12 months?

Here's a clue... HUD Investigators

I have to believe that the author of the original post misquoted the article. A harmless mistake.

webmaster for
Kissimmee Florida Real Estate
and a few others.