This is from the front page of the Bakersfield Californian (no link yet):
Local foreclosures and defaults hit new records in October, the latest county data show. Some 372 Kern properties foreclosed while 945 defaulted, the highest monthly counts in each category since January 1995 when the county recorder's office started tracking filings. A year ago October, 41 foreclosures and 351 default notices were recorded.
Based on my own count, it appears the local Hispanic community has not received the memo that there is a housing bubble. Unfortunately, they are now receiving the memo via a default notice. Hispanic surnames make up, on average, 70% of the weekly defaults.