Saturday, October 25, 2008

Check ignition and may God's love be with you

It's time for an update on foreclosures in California.

Here's the original "foreclosures are up sharply" LA Times graph again.

Here's the update.

A new California law took effect in September that requires lenders to make due efforts to contact borrowers 30 days before initiating foreclosure proceedings. That law produced a temporary slowdown in the number of foreclosures initiated this quarter. However, these graphs show foreclosures which have reached the final stage and thus do not reflect any effect of the notification law yet.


At 3:36 AM, November 01, 2008, Blogger yogingm said...

And I thought flat was the new up!


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