One reason people suspect

[TheBreeze]

One reason people suspect that fraud had a major impact on prices is this $1.2 billion dollar fraud scheme in Temecula:

http://www.emediawire.com/releases/2007/1/emw497285.htm

The article says that as many as 5000 residential homes could go into foreclosure within the next several months. Many of us believe that this scheme is just the tip of the iceberg and many other fraudulent schemes will be uncovered as prices continue to go down.