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L.A., Miami Home Foreclosure Rates More Than Double
- Text size
Sharon L. Lynch
Bloombereg
June 3, 2008
New foreclosures almost quadrupled in Los Angeles and doubled in Miami in the second quarter, with as much as $5 billion worth of loans going bad in L.A. alone, the online real estate data company PropertyShark.com reported.
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The number of homes scheduled for auction in Los Angeles rose 14,505 compared with 3,797 in the same period a year earlier, PropertyShark said in a report distributed by e-mail. In Miami-Dade County, the number climbed to 2,677 from 1,282.
“The foreclosure chart for Los Angeles is unfortunately starting to look like a ski jump,” Adina Dumitru, a member of PropertyShark’s foreclosure products team, said in the statement.
The percentage of U.S. homes in foreclosure more than doubled since December 2006 to about 2.5 percent this March, according to the Washington-based Mortgage Bankers Association. Defaults among subprime borrowers with poor or limited credit histories are driving the increase, along with the rising number of people unable to make payments on adjustable-rate mortgages that started out with low “teaser” interest rates that increase after two or three years.
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July 3rd, 2008 at 11:45 am
Junk loans caused this mess. Tell you what I’d do if I were in Florida right now…
I’d bond my birth certificate and take control of my credit and help the community out by educating them about this process. You’d be pretty surprised at what the American people are capable of doing once they get control of the value that’s out there leveraged in their NAMES.
July 3rd, 2008 at 11:45 am
And in other news A-Rod and Madonna, hrmmm…maybe?
All the pending doom and gloom with two paid stand in’s for the CFR policy (man Hillary told the truth when she said it was all a job interview) as our sideshow and the two leading papers in “The City” had Madonna’s shenanigans as the cover story. We are headed for hell with gasoline underwear on and that is what is supposed to be the story of prime interest to the consumers.
July 3rd, 2008 at 11:53 am
Check out http://www.documentarywire.com to watch 100’s of documentaries for free!
July 3rd, 2008 at 12:07 pm
If you think these banksters will not put you and thousands of other americans out of their homes and onto the streets with nowhere to go, YOU ARE WRONG!!!
This is just the begining folks!
We believe foreclosures is going to grow exponentially and will eventually result in the use of law enforcement and National Guard Troops being deputized to assist law enforcement to extracate families from their homes.
Don’t worry though, they have places set up to TAKE CARE OF YOU called FEMA Emergency Centers. You’ll be safe there.
Want to know more? http://www.theamericanvoice.com
July 3rd, 2008 at 12:36 pm
MAYBE BRITTANY SPEARS WILL BAIL EVERYONE OUT OF THIS MESS SINCE SHE HAS ALL KINDS OF MONEY AND LOVES YOU BECAUSE YOU SPEND EVERY WAKING MINUTE WATCHING NEWS ABOUT HER AND HER OTHER FAMOUS FRIENDS?
July 3rd, 2008 at 1:01 pm
Henry Paulson said everything will be in great shape by the end of the year. I wonder what color Britney Spears panties are today…
July 3rd, 2008 at 2:49 pm
Like I said earlier, take your lender to court and make them prove they are still a party to the loan.
If they are not, the judge will likely rule in your favor and you can remain in the house and make NO further payments (until further notice).
They don’t want you to know this.
Make this current financial debacle work for you….
July 3rd, 2008 at 3:45 pm
#7 Advise – You are a smart one. I think you just might get this game.
Nice work.
July 3rd, 2008 at 6:43 pm
Dr: People…google “Rule by fear or rule by law” and that article from the SF Times Feb.4 08′ that will show the good Dr. to be absolutely TRUE!!! Gruel anyone???????????? #1: Very Interesting!!!!!!
July 3rd, 2008 at 8:05 pm
Greetings o the bankers from my longest finger
July 3rd, 2008 at 10:54 pm
No. 7 Advice, and No. 8 Internal Patriot – Absolutely correct, without the original wet ink documents the “lender” has no standing at Court.
Of course, the funds to purchase the house in the first place were created into circulation based on one’s signature on the Promissory Note. Nobody “loaned” you anything.
Does Middle America ever figure this out ?
July 4th, 2008 at 2:03 am
Since 1933, No GOLD, no payment, no purchase, just charges and discharges. Federal reserve notes are worthless they are debt passed off as money. Check out the US treasury website if you do not believe me, they are worth NOTHING.
There are ways to get your debt discharged, the only remedy unless you have access to gold and silver coins, that is why there is no real TITLE to anything anymore, only certificates of title. Accept your birth certificate for value and get control of your Trust with the Treasury. They assigned you fiduciary of your account at 18, or whenever you singed up for Soc. Security, so why not use it?
July 4th, 2008 at 11:45 am
#12 Freecell – You’ve been doing your research. Good job. I agree with this process because it works. It worked for me and my family with astounding results.
#11 Scott Martin – No. I do not believe too many middle class americans will get this because they’ve been too conditioned to accept debt as a normal existence in everyday life. Someone along our historical timeline has made sure the American people were and are protected. They may be ignorant, but they are capable of applying this process into their financial situation in order to enhance what they are currently doing and experiencing. Those in Florida (and many other cities abroad) could truly benefit from getting control of their public account over at the Treasury, but most do not even know that one exists for them.
As fiduciary of my account…you wouldn’t believe what BENEFITS I acquire quarterly. It’s amazing how much value I truly had leveraged out there ripe for the pickin’ by someone else because I never ACCEPTED MY BIRTH CERTIFICATE FOR VALUE or registered it with the UCC. No more! If people don’t understand how commerce works, they won’t know how this process could help them or how to make it work for them. The steps to process this valuable piece of paper is hidden from everyone. However, seeing as though I’m an educated individual with the tenacity of a pitbull, things aren’t hidden from me for long.
Next will be my boys when they turn 18. However, being fully and sufficiently bonded myself, they are stewarded by me and not the state in which they were born. You can bond your childrens birth certificates, but have to go through the necessary steps in order to pass this stewardship back to them for their own safekeeping.
Teach your children before too many generations pass.
David Reply:
February 13th, 2009 at 11:35 pm
Hi, Scott(?)
I read your remarks on the above site. Was impressed w/ your knowledge of the material
AND the results you seem to be getting w/ the application of same. Could you please
email me and let me know how I can likewise get informed to take those steps?
There seems to be a lot of chatter on the subject, with too few people actually applying
the techniques and strategies. Looking forward to your response. Thanks,
David
wavey323@yahoo.com
July 4th, 2008 at 1:24 pm
I keep hearing about bonding your birth certificate, how do you do this and what benefits are there to doing this. I am very interested in this as I see my property values going down and I don’t seem to have any avenues to use. I live in Arizona which has a lot of foreclosures.
July 5th, 2008 at 12:28 am
#13 Internal Patriot, Thanks, I have spent some long hours getting an understanding and working on this stuff! Much thanks to all those truth seekers out there who have made HUGE sacrifices to bring this information to light, they are true heros, many of whom have paid huge amounts of time, freedom and tears to learn and teach others. I am glad to see it working for others, most of my family thinks I am CRAZY, I just put in my first 1099 OID for TAX return for 2006.
#14, I too live in Arizona, I would be happy to share what I have learned or at least point you to the path.
October 3rd, 2008 at 10:56 am
No longer clueless as to the truth about commerce but what I still can not seem to muddle through is the PROCESS of the UCC. There is conflicting information as to who gets what and where. DO I need to file in my birth state since that is where the CORP started( STRAWMAN) or can I do it in the state in which I reside. Also concearning the promissory note, the 1099OID’s 1096’s and 1040Vi is the accounting department at the car dealership going to laugh me out of there? Or will they quietly shut the door, push paper around and pay themselves?
October 18th, 2008 at 10:16 am
I’ve recently come across the 1099 oid form. Can someone point in the right direction as to where I might find out more info. I’d like to learn about the theory behind it all.
Thanks
December 27th, 2008 at 12:41 am
I would like for someone to give me th proper steps to this 1099oid so I can get money and get me a home. I am unsure of what it is all about but please have mercy on me and help me. Give me the steps or call me 706-279-1458
Bree