Archive for the 'mortgage-fraud' Category

Flippers’ Paradise: The massive jump in list prices for Culver City. Median list price up almost 100 percent from two years ago. Record low inventory. Distressed properties 3 times the amount of MLS listed homes.


Short sales and the process of flopping – Short sale fraud will cost lenders $375 million this year. Short sale fraud and asymmetrical information keeps deals away from public.


Housing market will get much worse before it gets better. How far are we from a normal housing market? 4.3 million distressed properties away from normalcy.


Real Homes of Genius – Agoura Hills and a $280,000 discount on a once million dollar home. The expensive foreclosures are now hitting the Southern California market.


Countrywide and Pay Option ARMs on trial – The most toxic mortgage ever invented by mankind is now under trial by the SEC with Countrywide.


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