Foreclosures have jumped 28% in the last year.

[partylessinOhio]

Report now on CBS news. Result of adjustable rate mortgages, ARMs.

Showed a man whose payment jumped to over $3000 a month in just three years. His neighbors were just stunned, he fixed up the home and was helpful to everyone.

[AndyA]

1. But...but...but...the economy is strong. Bush says so!

Why would you publicize such a thing? Don't you know you're helping the terrorists by doing so?

Why do you hate America?

:sarcasm:

[WCGreen]

2. I had to double take....

I thought your handle was pantylessinOhio....

I live in Cleveland...

The forclosures are going to go through the roof pretty soon...

Now is the time to make a buck, if you have it...

Buy at sherrif sales...

[partylessinOhio]

4. Sorry about the confusion on the name but I feel partyless because

the Dems are so weak in this state.

I couldn't find a CBS transcript but did find this confirming the 28% foreclosure increase:

Foreclosures Up 28 Percent From Last Year, According to RealtyTrac Report

Colorado, Georgia, Texas post highest rates

RISMEDIA, June 28, 2006 - RealtyTrac(TM) (www.realtytrac.com), the leading online marketplace for foreclosure properties, has released its May 2006 U.S. Foreclosure Market Report, showing 92,746 properties nationwide entering some stage of foreclosure during the month, an increase of less than 2 percent from April 2006, but still a 28 percent increase from May 2005. Report results also indicate a national foreclosure rate of one foreclosure filing for every 1,247 U.S. households during the month. ...

Colorado posted the nation's highest foreclosure rate for the third month in a row thanks to increasing foreclosure activity in May. The state reported 4,198 properties entering some stage of foreclosure, a 13 percent increase from the previous month and a 41 percent year-over-year increase from May 2005. With one new foreclosure filing for every 436 households, the state's foreclosure rate was 2.8 times the national average.

Georgia's foreclosure rate -- one new foreclosure filing for every 537 households -- moved up to second highest in the nation in May after ranking fifth highest the previous month. With 5,769 properties entering some stage of foreclosure, the state's foreclosure activity increased 12 percent from the previous month and almost doubled from May 2005. Georgia also reported the fifth most foreclosure filings of any state in May.

Texas records most foreclosures, third highest foreclosure rate: Texas reported 14,506 properties entering some stage of foreclosure in May, the most of any state for the sixth month in a row, and a foreclosure rate of one new foreclosure filing for every 555 households -- the nation's third highest and more than two times the national average. ...

http://www.rismedia.com/index.php/article/articleview/15052/1/1/

[otohara]

3. Colorado #1

I don't know how people can afford to buy a house these days. Custome McMansions popping up all around my neighborhood.