Cool Video, most of the repos I compared were just outside of Temecula in an unicorporated area called Morgan Hill. It still has about six or seven tracts selling and was developed during the boom years so it is ripe for foreclosure. It was overpriced to begin with and had the highest taxes in the area, exceeding 2% so that is where I initially looked for a wave of foreclosures and wrote about it a few months ago on this site. This link is an L.A. NBC news story on how the residents are angry at all the brown lawns and want the H.O.A. to take care of the landscaping, they also complain that is hurting their ability to sell, causing a downward spiral in pricing. The news story even names the development and I think it shows video of some of the ones I compared but I swear I just saw it, they copied me, not the other way around.
