India - China: Relations And Developments-2

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Atleast, 3 people I know just walk away from their home. One person bought house in Cupertino paying 1.4 m and tried to sell it for 1.2m, finally sold it 1.1m and took loos within 18 months.
Somebody I know, whose house is for forecloure , he listed for 5.5 million, couldn't sell it, tried at 4.5 m, now just heard now transfered to bank.
In CA, it is after 6 month default, forclousre process starts, We will see effect end of this year.
In Bay Area, people had dropped half million to 1.5 million and still unable to sell house. (House between 4-5 million)
Here is some foreclosure link, (after process starts) Some banks don't even list on Yahoo and normally bank start selling them after 12 months.
Palo Alto - 62
Sunnyvale -202
Cupertino - 25
Saratoga -25
Santa Clara - 227
San Jose -5346