My name is Sheila Ryan. I am a business analyst specializing in database and web applications programming. Recently in June this year, I became engrossed with researching economic data, the housing crisis, foreclosure rates, securities failures, and the economy as a whole. My conclusion (like many others now agree): we could be in big trouble.

• The wave of massive mortgage foreclosures has only just begun.
• The mortgage securities and investment losses will continue to deteriorate.
• The trends in declining real estate prices, rising mortgage defaults, inflation, gas prices, weakening dollar, low wages, ruined lives, reckless speculation, and people living beyond their means will drain our economy right back into a huge recession.

We don't have snow in Florida nor much in California for that matter, but this crisis is going to snowball.

I started a new project (July 2007) gathering Palm Beach County mortgage foreclosure statistics. The records are available via online searches at the Palm Beach County Official Records Public Search page. This is not an easy feat! It's time consuming, and requires a lot of cross-referencing lookup, data manipulation, record cleansing, and programming. I focus specifically on court recorded LP-Lis Pendens, JUD-Judgments, MTG-Mortgages, and CT-Certificates of Title documents filed in Palm Beach County to derive my statistics. My goal is to isolate mortgage-related defaults and foreclosures. Visit my Palm Beach Foreclosures Project page for all the specifics.

 
There's no such thing as "don't worry, be happy" if you live here, and can't afford to.