gregorygarver.com

LL · Joined: 25 Mar 2003 Posts: 5

http://promo.realestate.yahoo.com/no_slowdown_in_foreclosure_filings.htmlYeahboy- I thought that at first too but its based on per capita.THOMAS- The three top states are CA, NY, MI. These arent red states. Im not looking for party politics.

joes · Joined: 03 Feb 2006 Posts: 4

Because the elitist left has never been able to manage money properly.

flux · Joined: 13 Feb 2005 Posts: 2

That's just another example of the blue state stupidity. Trying to live above their means....

abc · Joined: 29 Feb 2004 Posts: 3

Because Democrats have no problem spending way more than they have.

Art · Joined: 24 Oct 2003 Posts: 4

Because they actually have houses.

Soxfan · Joined: 29 Aug 2006 Posts: 3

Because the housing prices are enormous to begin with. Everyone is clammering to live here in L.A. Our population just keeps growing like a disease. And, then when the economy bubble bursts you see alot more mortgage delinquencies and foreclosures because there are alot more houses, families, and borrowers compared to other places. If you actually been to a blue state, you'd immediately realize this. It has nothing to do with liberals not managing money. If that were the case, you'd have to say Bush and Cheney are liberals and we all know quite well that they are not liberal at all. BTW, Florida and Ohio are not blue states and they are leading the pack in foreclosures.Ryan C. Actually, the minority races here in Los Angeles are not the ones that are losing their homes to foreclosures. Their numbers are the smallest in comparison to how many whites are losing their home. This was just reported a couple of weeks ago.

bchristotdsnet · Joined: 08 Jan 2007 Posts: 7

Because Blue states have the highest racial diversities, and thus have bigger cities with rough neighborhoods. These neighborhoods are very fickle when it comes to turns to the economy. The democrats made laws requiring mortgage companies to meet racial quotas. Mortgage companies wanting to meet these guidelines gave out mortgages to anyone that came into their office regardless of financial histories. Many of those people were from these economically fickle neighborhoods, and once the economy takes a slight downturn, we have the mess we have.

insertnicknamehere · Joined: 22 Nov 2006 Posts: 5

because the majority of voters in those states vote for people who manipulate them through their preconceived beliefs. rather than their intellect.

Aleeece · Joined: 25 Nov 2006 Posts: 3

Two of the three states mentioned, Florida and Ohio voted Bush in 2000 and 2004, Florida especially is a Red State.

LisaC · Joined: 10 Jun 2004 Posts: 3

One of the things not covered on those scales is the military base closings. High taxes and relocation of military without some one moving in either by rent or to buy, will leave the military member with only one answer which is to allow foreclosure.

Goldrake · Joined: 03 Jan 2006 Posts: 3

Ohio and Florida are swing states. The last time this happened, Indiana was right up there. Indiana is red. Parts of Ohio has very high unemployment and a shaky economy. I don't know how Florida's economy is. Republicans and Democrats are susceptible to the effects of changes in economic conditions.

george2 · Joined: 25 Jun 2006 Posts: 6

Since when have Ohio and Flordia been a blue state? Out of the three mentioned only Cali is blue. Do'h!

godged6193 · Joined: 01 Jan 2005 Posts: 7

Cali isn't a state. It is a universe all its own. I lived there for 1.5 years. They deserve to have the worst of it with mortgages due to the ridiculous prices that people were foolish enough to pay.Had Cali residents simply refused to buy those tiny homes for those ridiculous prices, they would not be in the situation they are in now.MI is suffering due to Auto Plant layoffs.NY is just as ridiculous as Cali when it comes to price per square foot.Cali was big on:- Interest only loans- 50 year mortgages- Giving away a motorcycle or vacation with a home purchaseI tried to tell those nuts to just say no. A Repub friend of mine in Visalia tried to convince me to buy in Cali in 2005. I chose to rent a 2 bedroom condo for $895 per month which was a bargain as I always stay in upscale neighborhoods with many nearby conveniences. Any home I'd consider was $450 - $600k at 1.2% of purchase price prop tax per year. This was in Fresno from spring 2005 - fall 2006

Mortgageman · Joined: 05 Jan 2007 Posts: 7

your link said, ..."California, Florida, and Ohio continue to dominate new foreclosure filings,"...blue state, red state...things are tough all over. Especially for those foolish enough to have gone with an adjustable rate mortgage.

somya0111 · Joined: 25 Nov 2005 Posts: 3

Basically, its due to GREED..people who buy overpriced realestate with ARM's. Then when they get sick, laid off, one of the wageearners is not enough to keep their heads above water. This can happen to blue or red, libs or neos, whatever. Why does the mortgage industry whine when THEY are the ones who foolishly granted the risky creditor a loan in the first place.? We're back to my original premise: its due to GREED!