Orange County Register - "No shortage of short sales" (9-9-07)

"The owners of an Anaheim fixer-upper got into a pickle when the value of their two-bedroom condo fell below the $335,000 they owe on their mortgage. Unable to afford their monthly payments, they ended up with just two options: lose the home to foreclosure, or sell it themselves for less than they owe and ask the lender to eat a loss of $25,000 or more."

CNN - "Housing woes hit title insurers" (9-9-07)

"In yet another sign of pain in the troubled real estate sector, title insurers are seeing a big increase in the number of claims, according to a new report. The Wall Street Journal reported on its website Sunday that title insurers like First American Corp. (Charts, Fortune 500) are fielding a significant rise in claims - yet more evidence of the housing market's woes."