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California

This tag is associated with 4 posts

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 [...]

Troubled borrowers are walking away from their homes

By ⋅ February 6, 2008 ⋅ Post a comment

More and more often I am being told that walking away from my mortgage might be a feasible option to getting myself into a single family home in the near future. With the housing market turned upside down I am falling into negative territory on the value of my home. I’m lucky that I am [...]

House of Cards

By ⋅ January 28, 2008 ⋅ Post a comment

Depressing news about the housing market. http://www.cbsnews.com/sections/i_video/main500251.shtml?id=3756665n I figure this will carry out for another 2 years. Scary times.

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