http://people.bakersfield.com/home/Blog/MoneyTalks/24970 Here's a &quot;raw report&quot; press release from The Pew Charitable Trusts. Read it and weep. Want more? Click here for the full report and fact sheets on every state. Or click on the funky blue rectangle to the left for the PDF sheet on California. &nbsp; Washington, D.C. &mdash; One in 33 homeowners is projected to be in foreclosure&nbsp; primarily over the next two years, as a result of subprime loans made in 2005 and 2006, according to a new report released today by The Pew Charitable Trusts. In some states, the outlook is especially grim; for instance, nearly one in 11 homeowners in Nevada is projected to be in foreclosure and one in 18 Arizona homeowners may face the same circumstance over the next two years.&nbsp;&nbsp; Homeowners being foreclosed upon may not be the only homeowners affected, according to data cited in the report. An additional 40 million neighboring homeowners may see their property values and their municipalities' tax bases drop by as much as $356 billion, largely over the next two years.&nbsp; Defaulting on the Dream: States Respond to America's Foreclosure Crisis is the first-ever, comprehensive look at what all 50 states and the District of Columbia are doing to try to address the subprime mortgage fallout.&nbsp; The report finds that more often than not, states are at the forefront of developing policies and programs aimed at preventing more irresponsible loans from being made and improving residents' ability to stay in their homes. The report highlights states that are making headway to strengthen loan underwriting standards and help borrowers avoid foreclosure&tilde;and underscores that any federal legislation must complement the work being done in the states, not compromise it.&nbsp; Here's a &quot;raw report&quot; press release from The Pew Charitable Trusts. Read it and weep. Want more? Click here for the full report and fact sheets on every state. Or click on the funky blue rectangle to the left for the PDF sheet on California. &nbsp; Washington, D.C. &mdash; One in 33 homeowners is projected to be in foreclosure&nbsp; primarily over the next two years, as a result of subprime loans made in 2005 and 2006, according to a new report released today by The Pew Charitable Trusts. In some states, the outlook is especially grim; for instance, nearly one in 11 homeowners in Nevada is projected to be in foreclosure and one in 18 Arizona homeowners may face the same circumstance over the next two years.&nbsp;&nbsp; Homeowners being foreclosed upon may not be the only homeowners affected, according to data cited in the report. An additional 40 million neighboring homeowners may see their property values and their municipalities' tax bases drop by as much as $356 billion, largely over the next two years.&nbsp; Defaulting on the Dream: States Respond to America's Foreclosure Crisis is the first-ever, comprehensive look at what all 50 states and the District of Columbia are doing to try to address the subprime mortgage fallout.&nbsp; The report finds that more often than not, states are at the forefront of developing policies and programs aimed at preventing more irresponsible loans from being made and improving residents' ability to stay in their homes. The report highlights states that are making headway to strengthen loan underwriting standards and help borrowers avoid foreclosure&tilde;and underscores that any federal legislation must complement the work being done in the states, not compromise it.&nbsp; en-us <p>&nbsp;I think Oldblue and Chico will meet this fate!</p> http://people.bakersfield.com/home/Blog/MoneyTalks/24970/#c_225780 http://people.bakersfield.com/home/Blog/MoneyTalks/24970/#c_225780 <p>&nbsp;I think Oldblue and Chico will meet this fate!</p> <p>&nbsp;Hard to get foreclosed on freehold properties Bubbles</p> <p>Unless, of course, you get your man Obama in and he just Eminent Domains us!</p> http://people.bakersfield.com/home/Blog/MoneyTalks/24970/#c_225784 http://people.bakersfield.com/home/Blog/MoneyTalks/24970/#c_225784 <p>&nbsp;Hard to get foreclosed on freehold properties Bubbles</p> <p>Unless, of course, you get your man Obama in and he just Eminent Domains us!</p> <p>&nbsp;Sorry bubble, but I am set for life.</p> http://people.bakersfield.com/home/Blog/MoneyTalks/24970/#c_225786 http://people.bakersfield.com/home/Blog/MoneyTalks/24970/#c_225786 <p>&nbsp;Sorry bubble, but I am set for life.</p> <p>Then again maybe&nbsp;I'll effect an&nbsp;allodial title on my fee simples.</p> <p>Whaddaya think?</p> http://people.bakersfield.com/home/Blog/MoneyTalks/24970/#c_225789 http://people.bakersfield.com/home/Blog/MoneyTalks/24970/#c_225789 <p>Then again maybe&nbsp;I'll effect an&nbsp;allodial title on my fee simples.</p> <p>Whaddaya think?</p> <p>&nbsp;I am going to file some liens on your homes and have you foreclosed upon. Then when you visit the homeless shelter maybe you two will develop some empathy for non CONservatives.</p> <p>I never said I was voting for Obama, btw. I am going to write in your guys names as Pres and Vice Pres. The two party system is a joke and no change will come from anyone new going into office. The same special interest will still control the vote.</p> http://people.bakersfield.com/home/Blog/MoneyTalks/24970/#c_225796 http://people.bakersfield.com/home/Blog/MoneyTalks/24970/#c_225796 <p>&nbsp;I am going to file some liens on your homes and have you foreclosed upon. Then when you visit the homeless shelter maybe you two will develop some empathy for non CONservatives.</p> <p>I never said I was voting for Obama, btw. I am going to write in your guys names as Pres and Vice Pres. The two party system is a joke and no change will come from anyone new going into office. The same special interest will still control the vote.</p> <p>&nbsp;Wait just a dern minute!</p> <p>Is OB gonna be at the top of the ticket?</p> <p>BTW, I'm about as worried about you foreclosing on me as I am about the Swede's Momma coming by from Assessor's Office!</p> <p>(haven't heard from her yet BTW)</p> http://people.bakersfield.com/home/Blog/MoneyTalks/24970/#c_225799 http://people.bakersfield.com/home/Blog/MoneyTalks/24970/#c_225799 <p>&nbsp;Wait just a dern minute!</p> <p>Is OB gonna be at the top of the ticket?</p> <p>BTW, I'm about as worried about you foreclosing on me as I am about the Swede's Momma coming by from Assessor's Office!</p> <p>(haven't heard from her yet BTW)</p> <p>&nbsp;Chico, you can have the top spot it if want it. I'm about as interested in being involved in politics as I am&nbsp;in going&nbsp;to go have a beer with bubble...</p> http://people.bakersfield.com/home/Blog/MoneyTalks/24970/#c_225849 http://people.bakersfield.com/home/Blog/MoneyTalks/24970/#c_225849 <p>&nbsp;Chico, you can have the top spot it if want it. I'm about as interested in being involved in politics as I am&nbsp;in going&nbsp;to go have a beer with bubble...</p> <p>&nbsp;BWB = Beer With Bubble</p> <p>Akin to sliding down rusty razor lined bannister into vat of turpentine</p> <p>or</p> <p>Bobbing for French Fires in boiling grease at John's Burgers on Oak</p> http://people.bakersfield.com/home/Blog/MoneyTalks/24970/#c_225904 http://people.bakersfield.com/home/Blog/MoneyTalks/24970/#c_225904 <p>&nbsp;BWB = Beer With Bubble</p> <p>Akin to sliding down rusty razor lined bannister into vat of turpentine</p> <p>or</p> <p>Bobbing for French Fires in boiling grease at John's Burgers on Oak</p> <p>&nbsp;Don`t for get the 2007 &quot;Predatory Loans&quot; they will come up in 2010-11, and take up to 6-9 months to hit the already flooded,disaster market, nothing will be positve until the last of the ARM resets clear...2012... Remember &quot; Now is a good time to buy!!&quot;....</p> http://people.bakersfield.com/home/Blog/MoneyTalks/24970/#c_226073 http://people.bakersfield.com/home/Blog/MoneyTalks/24970/#c_226073 <p>&nbsp;Don`t for get the 2007 &quot;Predatory Loans&quot; they will come up in 2010-11, and take up to 6-9 months to hit the already flooded,disaster market, nothing will be positve until the last of the ARM resets clear...2012... Remember &quot; Now is a good time to buy!!&quot;....</p> <p>&nbsp;<span style="font-size: small"><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://bp2.blogger.com/_nSTO-vZpSgc/R_HlCECrufI/AAAAAAAACZE/E1WPLRuaWmY/s1600-h/Mortgage-Rate-Resets-1.png" target="_blank" _extended="true"><img id="BLOGGER_PHOTO_ID_5184176469687646706" style="cursor: pointer" alt="" src="http://bp2.blogger.com/_nSTO-vZpSgc/R_HlCECrufI/AAAAAAAACZE/E1WPLRuaWmY/s400/Mortgage-Rate-Resets-1.png" _extended="true" /></a></span></p> http://people.bakersfield.com/home/Blog/MoneyTalks/24970/#c_226075 http://people.bakersfield.com/home/Blog/MoneyTalks/24970/#c_226075 <p>&nbsp;<span style="font-size: small"><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://bp2.blogger.com/_nSTO-vZpSgc/R_HlCECrufI/AAAAAAAACZE/E1WPLRuaWmY/s1600-h/Mortgage-Rate-Resets-1.png" target="_blank" _extended="true"><img id="BLOGGER_PHOTO_ID_5184176469687646706" style="cursor: pointer" alt="" src="http://bp2.blogger.com/_nSTO-vZpSgc/R_HlCECrufI/AAAAAAAACZE/E1WPLRuaWmY/s400/Mortgage-Rate-Resets-1.png" _extended="true" /></a></span></p>