Thread: America's Hardest-Hit Foreclosure Spots

http://www.forbes.com/home/lifestyle...ealestate.html

1. Wayne County ( Detroit)
2. Clark County ( Las Vegas)
3. Maricopa County ( Phoenix)
4. Riverside County ( Next to LA)
5. Los Angeles County

It is probably because there are many different ways to calculate that.

The article refers to pure 3's, not a per household type numerb where Nevada is on top.

As far as counties, yes most of the Central Valley of California is in FC... especially Stockton and Sacramento....

Detroit has always been tough...and with the car manufacturers closing some of the plants, it is pretty bad there...

So in reality, who wants to be number 1 in this category anyway???

Steve

Are you not forgetting Ventura County?
This is where one of many Countrywide offices (HQ in Calabasas) are located and I'm sure we all remember the financial fiasco they seemed to cause, right?

I think we all can agree, California in general is bad in so many ways...

Foreclosures

Lay-offs

Tough state to jump in to the FAST LANE, if you where not their already.

Well, I'm sure Russ H will not agree with your statement...

Originally Posted by Clay

I think we all can agree, California in general is bad in so many ways...

Foreclosures

Lay-offs

Tough state to jump in to the FAST LANE, if you where not their already.

Buy low, sell high.

This adage doesn't just apply to prices of stocks, but to all investing. When a market is down, that's the right time to buy. When a market is up, that's the right time to sell.

Too many people tend to think the opposite, which is why bubbles happen (everyone piles on the hype). You want to be selling at that point, taking the profits you've accrued since buying at the bottom.

In my opinion, this is the easiest time (or at least will be soon) to start jumping into the Fastlane...

If you have capitol, I totally agree...
I'm speaking about people who have knowledge, but no real backing. I know in times like this people such as Russ H and others are ready to leap on this remarkable market. Kuttos to whom are in a position to make the fast lane faster....

I've noticed that, usually, those with the real knowledge (i.e. experience) have the capital.

Originally Posted by bigmako

Are you not forgetting Ventura County?
This is where one of many Countrywide offices (HQ in Calabasas) are located and I'm sure we all remember the financial fiasco they seemed to cause, right?

The numbers in Ventura County are noting compared the balance of California. Sure, they are up... Even stuff in Santa Barbara is being forclosed on and that almost never happened 3 years ago...

Stockton, Sacramento, are horrible....

Countrywide has office all over.. Lancaster LA and Calabasas.. but they also have offices in Plano, Tx.... Countrywide's problem is that it was not diverse enough in spreading out where the balance of their loans were written or where they bought their pools from... IF they had been more diverse, they would have had far less California loans and a wider range across the states... Poor managment... Manzilo, The CEO, talks a line that he was fed from his minions...

Just my thoughts..

Steve