[quote=UCGal]. . . Even high end areas, even homes bought before the bubble, can be at risk.[/quote]

Yes, agree UCGal, if they have been ATM’ed to death over the years. This situation makes for a MUST-SELL seller.

This is why I advocated doing the plat map study for the streets of your choice if you are a higher-end-custom buyer in an established area — to check the level of overmortgaged properties in order to determine if current asking prices had any “froth” to them.