JP I have seen a number of flips that are starting to go sideways. That is, the flippers are gonna be lucky to take minimal losses. We had all pegged the home in PQ (northeast) that we talked about awhile ago and that was destined for a small loss at best. 92111 has several of them as well that are still pretty cushioned but have been sitting on the market for awhile and are starting to reduce pricing. Another issue is some flippers target properties in high FHA zones and they were not aware of the seasoning rules that changed back and forth recently so they are stuck with the home for a few months.
