While foreclosures climbed 2% nationally, California saw a 14% drop + Foreclosures were off 26% in December 2010 vs. year ago

[mEDITate-OR:
think that trees are still being cut down, in the forests of BC

to build U.S. more new homes.

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Not only is the info from Cal different from Fla
but the info this month from Cal and AZ is different for the year

Bluntly, the numbers do not tell U.S. anything.

Other than the fact that the backlog of delinquencies is HUGE.

Something, at some point, will have to be done with all of "Them".

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More than half of the country's foreclosure activity came out of five states in 2010: California, Florida, Arizona, Illinois and Michigan. Together, these states recorded almost 1.5 million households receiving a filing

despite year-over-year decreases in California, Florida and Arizona.

However, note that

Arizona and California also showed sharp December increases in the number of homes banks took back, at 52 percent and 47 percent

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Foreclosures decline in California in 2010
While foreclosures climbed 2% nationally, California saw a 14% drop.
But California's high unemployment rate and resetting loans mean the fall in foreclosure activity could be brief.

http://www.latimes.com/business/la-fi-foreclosures-20110113,0,6804237.story

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Banks repossess 1 million homes in 2010

http://www.macon.com/2011/01/13/1409098/banks-repossess-1-million-homes.html

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Foreclosures were off 26% in December 2010 vs. year ago

http://www.usatoday.com/money/economy/housing/2011-01-13-foreclosure13_ST_N.htm

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US Foreclosure Filings May Jump 20% This Year as Crisis Peaks

http://www.bloomberg.com/news/2011-01-13/u-s-foreclosure-filings-may-jump-20-this-year-as-crisis-peaks.html

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RealtyTrac: Record 2.9M Properties Received Foreclosure Filings In 2010

http://online.wsj.com/article/BT-CO-20110112-716199.html

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