California foreclosure increases tell us that the worst is still ahead
From a report issued yesterday, by ForeclosureRadar: “We expected a significant increase in auction sales based on previous default patterns” said Sean O'Toole,founder of ForeclosureRadar. “Unfortunately, the continued increases in defaults tell us that the worst is still ahead. It is time for lenders to accept this reality, and start approving short sales rather than forcing more thantwo-thirds of troubled homeowners through the entire foreclosure process.” San Diego County California for sale by owner real estate
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Really enjoyed it, I wanted to click out and
you kept pulling me back in! Many thanks
and keep up the great work!
awesome Blog. I was a loan agent during the last refi craze. Allen Greenspan raised rates and I lost a lot of loans that were in the pipeline. I had to get a real job and learned to drive a truck. Well the first 3 years were tough. The refi market and real estate came back and I was standing on the sidelines thinking this is another head fake and kept thinking by the time I got back in the rates would jump up and I would be screwed again. So I stayed driving and bought a truck. Long story short I thought I was losing my mind watching real estate go up and up and I questioned my sanity and the banks many times. I to have been saving thousands a month waiting for this crash and have told people that this was coming and a lot of them laughed at me and those are the ones crying now. I personally enjoy seeing them deflated and confused and will enjoy buying their homes at a considerable discount.
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Just get it over and done with, a recession is required to weed out the crap in the market.
The UK & US both need a hard landing. Bring it on!!
Rebecca
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