1. Nevada - 12.2% 2. California - 9.9% 3. Arizona - 9.8% 4. New Jersey - 9.2% 5. Florida - 8.2%
Hmmhmm ... the four Sand States where 7/8ths or so of the mortgage money has been lost, and New Jersey. If I owned a lot of mortgages in New Jersey, I wouldn`t be feeling too good about collecting on them right now.