Southern California Real Estate Bubble Crash Blog

4 Responses to “All Ur Houses are belong to us!”

1. dafox says:

   January 1, 2010 at 11:31 am

   1. you gotta NOD in order for a chance at a MOD.
   2. look at fidelityasap.com or priorityposting.com and look at how many of the trustee sales are postponed. pick a few properties by you and watch them for a few months and watch the can get kicked down the road
2. oc bear says:

   January 3, 2010 at 8:51 am

   So you sold your 10 year old Hyundai to a neighbor’s kid who couldn’t afford a car. He gives you $19 a week. Now the kid lost his job at Von’s and wants to give the car back. Substitute homes, multiply by millions, add securitization. Would you really want it back? Oh, and you’ve got a rich uncle who makes up all your losses.
3. Rob Dawg says:

   January 3, 2010 at 11:50 am

   Iffen you “own” u r “responsible.” Taxes and insurance alone wpould sink the bank so….
4. Sean Newton says:

   January 5, 2010 at 4:39 pm

   Conspiracy theory… banks don’t want to devalue the rest of their inventory by flooding the market with their foreclosures. I suspect there’s some agreement between the larger lenders to try and keep bidding wars a fixture in foreclosure purchases.

   Shortly after I locked in my place, it seemed that foreclosures started getting rarer and friends who were looking a couple of months later were fighting other bidders.

   I suspect if they’d opened the floodgates, we’d have a lot of much lower priced property.