Archive for the 'home equity' Category

Home equity loans in California still over $600 billion. Pasadena and the mid-tier correction starting. Short sale for 50 percent off and HELOC machine being sold at auction for 70 percent below the outstanding loan debt.


Real Homes of Genius – From $5.5 million to $2.7 million in Newport Coast. Million dollar foreclosures grow in Southern California elite housing markets.


The rich foreclose in spectacular fashion – Pasadena million dollar home has owners unable to pay the mortgage yet keep getting mortgages. The biggest Southern California foreclosure loss in Bel-Air.


Owning with no equity is just renting with no mobility. 11 million mortgage holders underwater backed by $2.9 trillion in mortgage debt. In California, close to 20 percent of mortgage holders underwater by 25 percent or more.


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