Thu, 07/24/2008 - 22:06
I know that the article doesn't take into account the fact that there are 3318 homes in foreclosure in the 90022, 90023, and 90063 zip codes combined. There are many houses that have not received a notice of default because of the pending legislation to see if the lenders will benefit, but in the meantime, just like in the Census, there are quite a few houses not counted as foreclosures. I don't understand why the authors of the article did not mention this fact, which I am sure First American had the figures readily available, but I guess they decided not to contradict themselves in the article.
