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Subprime assault on southern California

By Art C. Ryder at 04/20/07 20:14

Subprime mortgages payments are rising high for homeowners in Southern California leading to record increases in delinquencies and foreclosures. Riverside, San Bernardino and Inland Empire Counties are the worst off due to increased new housing stock, and the doubling of property values in just five years. Many people are heading toward forclosure with little help currently available because they are in way over their heads.

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