California Foreclosed Homes - CA

Posted on December 31, 2008
Filed Under Bank Foreclosures |

California Foreclosed Homes Source: Visit http://www.e-foreclosuresearch.com/ and Search our CA Foreclosure Listings to Save Money. Our Database includes Foreclosure Homes for Sale, Bank Foreclosures and Repossessed Properties

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6 Responses to “California Foreclosed Homes - CA”

  1. JUKIO01 on December 31st, 2008 8:08 am

    nah, its cool i …
    nah, its cool i already know the answer, back then i didnt but now i know. the real reason is because the illuminati’s are dilebertely destroying the dollar as in devaluing. thats why gas prices are in high and food. very soon, this fall i believe america will be struck into a depression, then the north american union will come. thats the answer

  2. shikira on December 31st, 2008 8:08 am

    meanwhile, …
    meanwhile, investors who bought those securities and invested are now losing money.
    credit is drying up (remember thats how money enters the economy too). Ben Benarke the fed reserver governor is on record saying he will drop money from helicopters if he has to ..so expect more inflation.

  3. shikira on December 31st, 2008 8:08 am

    Meanwhile, the …
    Meanwhile, the banks bundled up those mortgages, sold them off as AAA+ securities to investors like me. Now, because the USA created so much money (see M3 account) the value of the dollar dropped and things started going downhill, so people started defaulting on their mortgage payments, the fed cant raise the interest rate cuz that will cause more defaults..

  4. shikira on December 31st, 2008 8:08 am

    I think this is how …
    I think this is how it worked.
    All the people in the US who could afford a loan already had one. So, to keep the economy chuffing along, the fed reserve bank kept interest rates low. Now, one of the ways to get money out there into the economy is by the banks creating it into existence and for them to do that they need people to lend. The only ones left to lend are those who shouldnt lend..ie the people who cant pay it back.
    ..TBContinued.

  5. ForeclosureHelp2008 on December 31st, 2008 8:08 am

    Because people were …
    Because people were buying more home than they could afford. Lenders let it happen with nonsense like no documentation loans and “stated loans” also known as “liar loans” because 9 out of 10 time the stated income was a lie. Lenders also qualified people using the intro rates that only last a year or 2 instead of the longer term fixed rate.

    If you know someone who is behind on their payments, I can help them avoid a foreclosure.

    ForeclosureHelp2008 dotcom

  6. JUKIO01 on December 31st, 2008 8:08 am

    can someone tell me …
    can someone tell me why foreclosure are becoming a big problem?

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