Archive for the 'alt-a' Category

Foreclosing on the red carpet – Hollywood home goes from $1 million to $377,000. Real estate with financial glamour. Real Homes of Genius.


Bank of America and their global banking profits – California negative equity will push many into foreclosure, examination of inflated California zip codes, banks more willing to push shadow inventory into the open.


Foreclosure millionaire style – 5 Beverly Hills foreclosures listed on MLS but 149 homes in foreclosure process – 107 of those foreclosures have loan balances above $1 million. One in seven homeowners with loans over $1 million are seriously delinquent.


Santa Monica real estate enters correction mode – Prime California housing market enters correction phase. From $1 million to $865,000 and still in a bubble. 1 MLS listed foreclosure for Santa Monica yet 177 homes are in some stage of foreclosure.


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