“The number of U.S. homes facing foreclosure surged 58 % in the first six months of 2007, the latest sign of mounting problems in the mortgage industry.573,397 properties across the nation reported some sort of foreclosure activity in the first half of 2007, including receiving notices of default, auction sale notices or being repossessed by lenders. That was 58 % higher than the 363,672 properties in the first six months of 2006 and 32 %higher than the 433,504 in the last six months of 2006.California, Florida, Texas and Ohio were among the states with the highest number of homes receiving foreclosure-related notices. The national foreclosure rate through the end of June was one filing for every 134 U.S. households ."You need a temperament that neither derives great pleasure from being with the crowd or against the crowd." - Warren BuffettData Source: Reality Trac Inc”