In recent Angrywoodchuck posts you’ve read about how strategic default is the new black. For Alex Pemberton and Susan Reboyras, their foreclosure has been a blessing in disguise. They’ve been able to use the money that they once wasted on… Read More ›
Let’s review a dirty little secret where the federal government is making you pay more for a house. On purpose. I call it fraud, but they call it “stimulus.” According to the Irvine Housing Blog last week, there are currently 650 homes officially… Read More ›
You can read the article here. This man had a lien put on his house because of his failing business and the IRS and his bank were fighting over what was left of his assets, namely his home and a… Read More ›
CNBC reports, “Foreclosures jumped 14 percent in December 2009 from the previous month, according to a new report from foreclosure listing Web site RealtyTrac.com. The increase came despite foreclosure suspensions during the holiday season from Citigroup, Bank of America and Fannie… Read More ›
Orange County…the land that brought you Disneyland and the popular TV shows; The Housewives of Orange County, The OC, Laguna Beach and episodes of Beach Patrol and is now a scorched earth land of foreclosures. This is the same Orange… Read More ›
Click to enlarge image The chart above of the Case-Shiller Index shows that home prices were on trend in the 90’s, then the start of the housing bubble around 2008, the bubble itself, and the current correction. The problem the… Read More ›
People all over America are reporting that they’ve stopped paying their mortgage…and it’s been months…and they haven’t heard anything from the bank. The banks are letting them live in their homes, mortgage free, for months…years. “Eight months after my last… Read More ›
Continuing to put downward pressure on home prices are steadily increasing foreclosures, with no end in sight. As unemployment continues and loans continue to recast to higher interest rates, more homes will enter foreclosure further depressing prices. As these prices… Read More ›
Was away for a few weeks for work and took a short vacation. Let’s get back to it… There is an excellent post on a blog I have been following for years, the Irvine Housing Blog. The IHB has been… Read More ›
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