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Foreclosure's Five "D's"

June 9, 2008 RSS Feed Print

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ForeclosureRadar.com founder and CEO Sean O'Toole says there are distinct life tragedies—or "D's", as he calls them—that most often lead to the repossession of a home.

These "D's," he told the Los Angeles Times, are:

Death
Disease
Divorce
Drugs
Denial

Tags:: foreclosures,; housing market

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But at the time I was explaining why properties still went to foreclosure when homes were selling quickly and anyone with a pulse could get a loan. The 5 d's essentially create the "base rate" of foreclosure that occur no matter what is happening in the housing market or the economy as a whole. They were not meant to explain the current levels of foreclosure activity.
Best Regards,
Sean O'Toole
ForeclosureRadar.com
ForeclosureTruth.com

Sean OToole of CA 11:14PM June 11, 2008

To the reader title "what the heck beTo the reader title "what the fore you throw stones you need to proof read your statement before putting in the the comment section dollTo the reader title "what the heck before you throw stones you need to proof read your statement before putting in ars is not spelled dallors,rainey is not spelled rainie and definitely American is not spelled Amarican

Stephoanie Peterson of AL 2:45AM June 10, 2008

Desist. You know "laid off" "fired". Mr. O'Toole must be on the same tour that Barbra Bush is. Hey, it's not the economy, it's the war sucking the money out of the economy. I work doing inspections for the mortgage companys, I see it every day.

Richard of MI 2:05AM June 10, 2008

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