Most homes sold in Southern California today are foreclosures. According to recent report from DataQuick, Southland home sales up, prices down; foreclosures now half the market , 50% of home sales in Southern California are foreclosures. Prices are down
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The FDIC took over IndyMac Bank on July 11, 2008 . It was the 5th bank failure in 2008. Shortly after taking over Indymac, the FDIC temporarily halted all IndyMac foreclosures on July 14, 2008 as reported by Reuters . FDIC chairwoman Sheila Bair has been
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