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Old 04-12-2006, 04:09 PM
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Exclamation We're Winners! - In the News today
in the news today ...


L.A. Foreclosures Soar

The number of foreclosures in Los Angeles County during the first quarter were up a whopping 63 percent above the total in the comparable quarter a year earlier, Default Research Inc. said today. "With rising interest rates, the economy slowing down in that part of California, and a quarter of L.A. residents working at jobs that do not pay a living wage, the significant increase in foreclosures is a very alarming trend in the largest county in the nation," said Default Research's president and chief executive in an announcement.
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Old 04-12-2006, 05:56 PM
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Is Secret U part of Default Research? I'm a little confused as to who the winners are and what they are winning based on this article...

Anyway, those investors that got out last year are patting themselves on the back because there's a good chance home values drop there.
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