1.Click anywhere in the box below & press Control A to select all.It’s no secret that California was one of the states that saw some of the biggest price inflation in home values during the last 10 years.
Many people call it one of the so-called “bubble states.”
Nevada, Arizona, Florida also come to mind.
This story covers bankruptcy filings from a much more local level: Modesto California & how busy the bankruptcy attorneys currently are.
What’s really interesting is how the article describes the bankruptcy cases as being very diverse.
It seems that many different types of people (or statistically speaking: “couples”) are seeking bankruptcy protection these days:
http://www.modbee.com/business/story/281475.html
That foreclosure mess may hit the US economy harder than anyone thought.
After all, if you think about it: the average’s couple’s #1 asset is their home.
And if the AVERAGE couple’s #1 asset takes a plunge in value….WOW!
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