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[0:00] ..." Well our foreclosure information we have some of the foreclosure information closed now with the end of 2007. And it remains two remarkably -- lapels. In 2007 there were 7653 port closure be filed registries be to use its. So it means that over 7500 people actually lost their homes to an auction for foreclosure. "...
[0:38] ..." regulars sale it's now one in -- Transfers of property. Hard to foreclosure the."...
[0:47] ..." Compare these numbers of last year. To those numbers -- previous years. "...
[0:53] ..." about a 150% I think it's actually 148%. From 2006 when 3006 foreclosure deeds. If you go back another year 2005 two was down if it was just hope for a thousand pounds in two."...
[1:52] ..." So when -- multifamily home is foreclosed on obviously those who are renting apartments there or -- well."...
[2:04] ..." apartments but often times in the past frequently home this fall and foreclosure and poultry families have to thinking. So the new owners can take action."...
[2:45] ..." I think it's quite a bit risk to them to hold real estate market that to. -- take place"...
[0:00]" Well our foreclosure information we have some of the foreclosure information closed now with the end of 2007. And it remains two remarkably -- lapels. In 2007 there were 7653 port closure be filed registries be to use its. So it means that over 7500 people actually lost their homes to an auction for foreclosure. "
[0:24]" Now these are looking at DC's a looking and actual foreclosures that went right through the auction process."
[0:30]" It's a -- process in in when you look at that number of people and you compare with a number of transfers of properties that took place two regulars sale it's now one in -- Transfers of property. Hard to foreclosure the."
[0:47]" Compare these numbers of last year. To those numbers -- previous years. "
[0:52]" Tom well it took about a 150% I think it's actually 148%. From 2006 when 3006 foreclosure deeds. If you go back another year 2005 two was down if it was just hope for a thousand pounds in two. In 2005 so we we've seen a dramatic increase in the in the number of people who go on Paul went through it is tragic process."
[1:19]" That's about a 600% increase from 2005 are you seen that these foreclosures are hitting all counties and all price -- equally."
[1:31]" Com we haven't studied debt to carefully and we see it in all counties throughout throughout the state it's probably. Urban areas are probably get a little more heart than the popular areas but to. And and we suitable particularly Helms's -- represented in the in the population but the port closures that are taking place."
[1:52]" So when -- multifamily home is foreclosed on obviously those who are renting apartments there or -- well."
[1:59]" Yes they opened efforts recently to to try to ensure those people and stay in -- yet. Rented apartments but often times in the past frequently home this fall and foreclosure and poultry families have to thinking. So the new owners can take action."
[2:19]" Now we have heard many reports about banks attempting to work out the specifics of mortgages -- adjustable rate mortgages with owners. Do we expect these numbers to continue to rise this coming year."
[2:32]" I don't know the numbers will rise we've been we've seen them sort of leapt aloft when I call very high level. I don't know if they will actually continue to rise but. It it did the level that rap right now is quite alarming pace state -- I think it's quite a bit risk to them to hold real estate market that to. -- take place"
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