Archive for the 'home equity' Category

Prime Pasadena zip code has a home selling for 41 percent off peak price – When flips go wrong. Los Angeles Case-Shiller negative year over year again.


Beverly Hills short sale selling for $2.15 million and below the $3.3 million in loans. Beverly Hills has 3 foreclosures listed on the MLS but 107 are currently active.


The financial psychology of negative equity – 1,880,000 California mortgage holders have no equity in their homes. California home prices will fall 15 to 25 percent in the coming years. 1 out of 3 California mortgage holders at risk of walking away or defaulting.


Home equity loans in California still over $600 billion. Pasadena and the mid-tier correction starting. Short sale for 50 percent off and HELOC machine being sold at auction for 70 percent below the outstanding loan debt.


Real Homes of Genius – From $5.5 million to $2.7 million in Newport Coast. Million dollar foreclosures grow in Southern California elite housing markets.


The rich foreclose in spectacular fashion – Pasadena million dollar home has owners unable to pay the mortgage yet keep getting mortgages. The biggest Southern California foreclosure loss in Bel-Air.


Owning with no equity is just renting with no mobility. 11 million mortgage holders underwater backed by $2.9 trillion in mortgage debt. In California, close to 20 percent of mortgage holders underwater by 25 percent or more.


By Month:



By Category:

© 2012 Dr. Housing Bubble