Yet the agent just informed us that they discovered on the day before closing a 2nd, the seller is in bankruptcy and the Bankruptcy attorney didn't know seller was selling the house & no one has contacted the 2nd.

It's either that or I claim bankruptcy I guess.

In a somewhat related story... the city of San Bernadino also just filed for bankruptcy.

San Bernardino to file bankruptcy 3rd city in CA to file.

In light of the recent bankruptcy, I get the impression that the place has hit bottom.

In states with judicial foreclosures and all the backlog from the credit crisis, the courts are overwhelmed with cases that it can take a couple of years to foreclose.Also if your seller has filed for bankruptcy it may halt the foreclosure until the bankruptcy is resolved.

About two weeks later, they filed for bankruptcy.

The current administration either doesn't see it or likes what they see and will continue to grow all of these items.My simple question is, how high do the above percentages need to go before we realize it is not fixable without either declaring bankruptcy or printing so much money that we face unsustainable inflation?

There is a lot of data when it comes to loans and many fields have their own thesis to understand such as foreclosure events and bankruptcy events.

I've never done that, my only chance I had, that b.... filed for bankruptcy a month after she moved out.