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California Living

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Strategic Foreclosures

By ⋅ September 18, 2009 ⋅ 2 comments

Recently a story was aired on the news about the housing market in Patterson, CA and the dramatic decrease in median home values due to a high rate of strategic foreclosures. Also known as buy and bail, strategic foreclosures is the act of borrowers who have negative home equity in their homes – typically in [...]

Sluggish Real Estate Market Leaves Little Options for Responsible Borrowers

By ⋅ June 4, 2009 ⋅ Post a comment

I’m glad I’m not the only one facing this dilemma (tongue in cheek)… Geithner faces sluggish market, rents out NY home – Yahoo! Finance In my continued efforts to upgrade from my townhouse to a single family residence I am facing the same issues as Mr. Geithner. I cannot sell my townhouse for an amount [...]

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