Southern California Mortgage Crisis

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“It’s Your Call” KVCR TV – Renters Rights

25. June 2009

Broadcast 6/26/09 - It's Your Call, KVCR's call-in talk show, had guests from organizations that fight for the rights of tenants who find themselves on notice that their rental unit is being foreclosed upon. WATCH HERE

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The median price for an existing, single-family detached house in California declined 30 percent to $267,570 -CA Assoc. of Realtors [#]
California ranked highest nationally in the overall number of foreclosure filings in May, totaling 92,249, according to RealtyTrac. [#]
Survey by U of Michigan reports 77% of homeowners in West experienced value declines, the nation's highest rate, compared to 51% in South. [#]
As of today, California is imposing a 90-day foreclosure moratorium. It's the California Foreclosure Prevention Act. [#]
The number of foreclosures filed in May was so high as to make May the third highest month on record. [#]

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