Archive for the 'alt-a' Category

Welcome to the United States of Foreclosures – California lists 99,000 foreclosures for sale on the MLS but 372,000 homes are active in the foreclosure process. A startling look at SoCal and $500,000+ foreclosures on a map.


Laundering real estate – How dirty loans have made data on distressed inventory look better. 1 out of 5 US mortgages impaired. Jumbo loan market has completely evaporated.


The four corners of the non-California economic recovery – Underemployment at 23 percent, affordability signifies bubble in prices, $25 billion budget deficit, no market is healthy when active foreclosures out number MLS non-distress inventory.


Real Homes of Genius – The mini face of foreclosure. Artesia lime green foreclosure selling for $119,000 but listed at 396 square feet. 600 square foot foreclosures in Compton and Stanton.


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