Foreclosures Surge Ocurring

Foreclosures go crazy:

Atlanta -

Foreclosure notices in metro Atlanta jumped 27 percent in February, compared with January. They were up 34 percent when compared to a year ago, according to data just released from Equity Depot.

Phoenix -

According to the latest report from the W. P. Carey School of Business at Arizona State University, almost half of the existing home transactions were foreclosures.

For now, foreclosures and the re-sales of foreclosed on properties combine to total 67 percent of the activity in the Valley housing market. That's down from December's 4,060 foreclosures, indicating some positive momentum.

Dallas/Ft. Worth -

Foreclosure filings on homes in the first quarter of 2010 jumped 22 percent when compared with the same period last year, a new report from Foreclosure Listing Service Inc. said Thursday.

New York -

The number of New Yorkers at risk last month of losing their homes surged 35% compared with January 2009, according to stats set to be released Thursday by foreclosure listing firm RealtyTrac.

And in the U.S. -

The number of U.S. households facing foreclosure in January increased 15 percent from the same month last year, and a surge in cash-strapped homeowners who've fallen behind on mortgages could be on the way.
More than 315,000 households received a foreclosure-related notice in January, RealtyTrac Inc. reported. That is down nearly 10 percent from 349,000 in December, which saw the third highest total since the company began tracking foreclosure data in 2005.

And -

In 2009 all 50 states revealed the sharpest revenue drop in 46 years, according to a state finances report by the Nelson A. Rockefeller Institute of Government in New York.

But we can always turn to the U.S. government who will bail us out, right? Wrong! The latest auction fails -

Rick Santelli gave the auction an "F" and I agree - there's simply no possible way to read this as anything positive at all, and that the equity market is ignoring it (other than a quick, small spike downward on the release) likely has more to do with how tightly equities have become coupled to the dollar in the last couple of weeks than anything else.

But who could have seen this coming? Oh yeah that's right -

The long and short is they are bleeding the real assets out of the United States and passing them into foreign control. Make no mistake, they will bleed this country dry. Savings, checkings, 401K, gold, assets, they want it all and will not stop until they get it.

That's right, I said that in September of.....2008! Before the crisis hit. What else did I say?

Get food, get water, get a gun and get ready to defend yourself.

Why? Maybe this will shed some light on the situation -

MILLIONS of people could lose almost every penny of their assets under a new “death tax” being considered by Labour to fund care for the elderly. And poorer people would lose out the most, leaving their children with next to nothing to inherit, analysis showed yesterday. In some cases the new levy could be as high as 100 per cent.

Oh, they want everything...