Archive for the 'HAMP' Category

California Sending out Approximately 475,000 Notice of Defaults for 2009 yet Overall Foreclosures Declining. Shadow Inventory, Q3 Defaults, Toxic Loans. The State of the National Housing Market.

California Budget and HAMP: Is the Home Affordable Modification Program Helping? California Tax Revenues Falter and Employment Breaks Historical Record.

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Top 5 Articles This Month

• Banks cherry picking individual foreclosures that show up on the MLS in Culver City and Pasadena with proof: Southern California lenders pushing out properties in Culver City with an average price tag of $300,000. Median sale price for city is $600,000. Shadow inventory average price is $443,000 with loans at an average of $552,000. 141,000 homes in Southern California are distressed yet MLS only reflects 83,000 total properties. 44 comment(s)
• Japan Iwato and Heisei stock and housing bubbles – How the U.S. is following in the path of Japan. Real estate lost decade, technology stock market bust, quantitative easing, and mania inducing monetary policy. 40 comment(s)
• Real City of Genius – The Westside of Los Angeles. Three short sales in Palms, Santa Monica, and Culver City. $100k to $300k in discounts in prime Southern California locations. Short sales still too expensive even with large discounts 40 comment(s)
• California real estate foreclosure math – Notice of defaults decline while actual foreclosures increase. Why are notices of default falling while those falling behind on their mortgage are still at record levels? The 550,000+ California properties in distressed limbo. 17 comment(s)
• American Savings: Americans Save an Average of $392 Per Year. Total Consumer Debt is over $2.5 Trillion. The Dark Knight of Debt. 27 comment(s)

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Recent Comments

• CPA in FW: Wow, didn’t mean to start a culture/opinion war with my comments. Everyone knows that Texas is...
• Betty: CPA in Fortworth TX, most people in SoCal already own a home, so it is taking the equity out(many people have...
• Mike T.: Look…. Texas sucks. Period. I lived in the Dallas/Fort Worth area for two years and would never move...
• freddy in chatsworth: People, get out more. Texas has some incredibly beautiful places. You have to get off the...
• Laura Louzader: In Shaker Heights, lovely condos are being given away. I viewed on the MLS three immense beautiful...

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