.

The newest and most expensive neighborhoods are seeing the most foreclosures in
Bakersfield. That's where all the speculators were buying.

The inland empire, and non-coastal California is the worst, no question. I'm from Santa
Barbara, CA and I can't say there are many foreclosures here, none on my block for sure.
However, when you go to the poorer neighborhoods they are all over the place. It is pretty
similar to what zladyoh was saying that you can rent a place out here and cover a
mortgage, so that could be a part of it.

Fun little stat on why CA will take forever to recover in places off of the coast. In
2006, 2/3 of homes bought in California were people buying a second home. Classic right?
Not to mention the population growth is no where near where it would need to be to fill
the homes. Of course anyone who has driven the 101 or, god for bid, the 405, knows we have
too many people as it is.

I live in San Diego, Haven't really seen any foreclosures...some houses are selling.
Not many for sell. I think alot of people just rent them out. Very few homes are
available to rent. You can rent a place out here that will cover your mortage payment.
3 bed 2 bath...yard 2200. to 2500. 15 min from the beach.
After the fires I'm sure rents are worst...maybe rent my house and buy another really
cheap...:)

Last edited on: 11-10-2007 11:52 pm

I live near the beach, near Santa Monica, CA and the house prices near the beach are
actually (especially in Venice for teeny bungalows) up about 10% and selling almost as
fast as usual.

ya know where else ya get "off the beaten path" housing and building stats? Dont answer
that.....
Go to individual states Dept of Consumer Affairs. In Most states, they're the governing
body that oversees Construction Code Enforcement officials/inspections. They also monitor
and log the statics for building permits for all municipalities in the state. Some have
monthly records. Some states go back ten or so years month by months. nice place to get a
fare shake at stats...instead of some shady ones. Some even have rental stats because most
cities have housing inspectors. That issue CO's (cert of occupancy) to landlords to meet
local ordinances for landlords.

Last edited on: 11-10-2007 10:05 pm

Nice web site.

by StephenGoff (92 days ago)
---------------------
News By Les Christie

In Alabama, late-paying homeowners can lose their properties to foreclosure at
breathtaking speed - as little as 30 days after a delinquency notice is published.
In New York State, the process can drag on for well more than a year.

-------------------------
ALL 50 State LIST of MONTHS TO
FORECLOSE MINIMUM Time

Everyone in town knows how bad it is so no one is buying... Except for the home builders
who are still building like crazy. We are no where near a bottom.

ya know most states have passed NEW or modified existing laws within the last year to
speed up the minimum time allotted by law to foreclose.
Ya think they say this coming and changed them laws to make turnover more rapid?
----------------------
below is a good link..interactive

http://www.foreclosures.com/www/pages/state_laws.asp