California Foreclosures Increase 221 Percent In October 2007
Foreclosures Increase 18,975 in One Year
Default Research, the fastest growing foreclosure research company in the nation, is reporting that California foreclosure filings are up a dramatic 221 percent in October 2007 compared to the same time last year.
According to Default Research (www.defaultresearch.com), San Diego County led the state with 3,427 foreclosure filings, up 400 percent in October. Riverside and Los Angeles Counties followed San Diego with foreclosure increases of 290 percent and 160 percent respectively. Continued
It amazing the amount of foreclosures happening in California, and right now Riverside and San Bernardino County have the most foreclosures happening right now.
The number one reason for these foreclosures are all the Adjustable Rate Mortgages, if you have and Adjustable Rate Mortgage, or any mortgage, call our offices today and get a "Mortgage Audit"
Call our offices at (909)307-0977 and schedule your free mortgage Audit.
Your friend,
Carlos Samaniego, CMPS
Certified Mortgage Planning Specialist
