The Los Angeles Times reports today that home loan foreclosures have hit a record high of 17.4%. The trajectories alone on the chart attached to the story are enough to give anyone nightmares:
At least one southern California financial advisor did find a silver lining, however.
The good news, as seen byRich Toscano, a financial advisor with Pacific Capital
Associates in San Diego: "I don't envision a 'Grapes of Wrath' scenario
where we all have to pile in the family car and look for harvesting
work."
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