Temecula housing market becoming illiquid?

[temeculaguy]

The NOD’s seem to be mostly Feb, Mar and April. From memory this story broke at the tail end of last year. I would guess these foreclosures should hit the market over the next few months, adding to the already record high inventory. The builders are just now showing signs of panic. This may turn out to be an exciting summer. I had always thought summer 2008 would be when things got bad but this is going to fast forward things in the Temecula Valley, especially multiple foreclosures per street from the same lender will hit the market psyche hard. Protests at the mall will not bring them any help and will only cause more people lose confidence, especially buyers exiting the freeway on the way to model homes.

This has almost become a predictable ride, next stop, price declines. The stop after that, payment resets with upside down owners unable to refi, leading to more foreclosures. this will cause a snowball effect, Get your handbasket.

[Anonymous]

Insurance actuaries and underwriters know the risk versus reward trade-offs.

Insurance agents are salesmen—they think “commission * cash * deals = money”. So more customers, more houses, it’s all good.

If the insurance agents paid out of pocket for ‘risk events’ for the clients they signed up, then they’d have a very different attitude.

[Anonymous]

Insurance actuaries and underwriters know the risk versus reward trade-offs.

Insurance agents are salesmen—they think “commission * cash * deals = money”. So more customers, more houses, it’s all good.

If the insurance agents paid out of pocket for ‘risk events’ for the clients they signed up, then they’d have a very different attitude.

[MANmom]

I can’t believe that there is a $2.5 mil property in Murrieta, do they actually have those kind of houses there!?

[MANmom]

I can’t believe that there is a $2.5 mil property in Murrieta, do they actually have those kind of houses there!?

[lostkitty]

Yes, just buy a house for $250k and keep selling back-n-forth between a friend and yourself…. until that pesky decimal point finally moves over. Viola!!! 2.5M…

[lostkitty]

Yes, just buy a house for $250k and keep selling back-n-forth between a friend and yourself…. until that pesky decimal point finally moves over. Viola!!! 2.5M…

[Anonymous]

Wow, until you have walked in these people shoes you should not judge them. You don’t have a clue what happen to them and how they got swindle. Yet you want to laugh at them and make fun of them. There are over 800 victims ranging from Nurse, Investor, Mortgage companies, Mortgage Investor, Real estate investor, Computer Experts, Government employees, Military, Retirees, Doctors, Policemen, Firemen, basically all walks of life. You should take a look at the criminal and cast judgment there and not the victim. You are the fool you should be angry at the grifter and not the victim. Weather you know it or not you are affected by this scam as much as the victim. Try refinancing right now this is a 1.2 billion dollar scam, there is also evidence that it could go as high as 5 billion dollars…They all could not be smart as you think you are…
Educate yourself before you make an a** out of yourself..
Here is a site to start with.

http://www.coreclient.110mb.com

PS. The more I think about it you are probably one of the crooks…Look on page 2 for your picture.

[Anonymous]

Wow, until you have walked in these people shoes you should not judge them. You don’t have a clue what happen to them and how they got swindle. Yet you want to laugh at them and make fun of them. There are over 800 victims ranging from Nurse, Investor, Mortgage companies, Mortgage Investor, Real estate investor, Computer Experts, Government employees, Military, Retirees, Doctors, Policemen, Firemen, basically all walks of life. You should take a look at the criminal and cast judgment there and not the victim. You are the fool you should be angry at the grifter and not the victim. Weather you know it or not you are affected by this scam as much as the victim. Try refinancing right now this is a 1.2 billion dollar scam, there is also evidence that it could go as high as 5 billion dollars…They all could not be smart as you think you are…
Educate yourself before you make an a** out of yourself..
Here is a site to start with.

http://www.coreclient.110mb.com

PS. The more I think about it you are probably one of the crooks…Look on page 2 for your picture.

[PerryChase]

“They claimed that we would see financial independence in 3 years if we gave them control of our finances and trusted them (they claimed to be Christians).”

“If you have been approached to do business with them, do so at your own risk. You should seek the advice of an accountant or your own lawyer no matter what.”

coreclient, the quote above from your website says it all. If you’re not a fool for believe that you can achieve financial independence in 3 years, then I don’t know what you are. You like greed drive you. Why didn’t you follow your own advice?

[PerryChase]

“They claimed that we would see financial independence in 3 years if we gave them control of our finances and trusted them (they claimed to be Christians).”

“If you have been approached to do business with them, do so at your own risk. You should seek the advice of an accountant or your own lawyer no matter what.”

coreclient, the quote above from your website says it all. If you’re not a fool for believe that you can achieve financial independence in 3 years, then I don’t know what you are. You like greed drive you. Why didn’t you follow your own advice?

[waiting hawk]

“There are over 800 victims” NO THERE ARE NOW THOUSANDS OF VICTIMS BECAUSE SUCKERS LIKE YOU GUYS TRIED TO GET RICH. Now those areas are the new Moreno Valley. Good job.

Sorry but I do not open my wallet and hope for 200% returns in a few months. If you are that stupid to do it then you are not a victim. You are just a dummy. Calls em as I sees em.

Here is a video you may like. You helped in creating it.

Before opening your wallet I will use your saying, “Educate yourself before you make an a** out of yourself..”
Thank you come again.

[waiting hawk]

“There are over 800 victims” NO THERE ARE NOW THOUSANDS OF VICTIMS BECAUSE SUCKERS LIKE YOU GUYS TRIED TO GET RICH. Now those areas are the new Moreno Valley. Good job.

Sorry but I do not open my wallet and hope for 200% returns in a few months. If you are that stupid to do it then you are not a victim. You are just a dummy. Calls em as I sees em.

Here is a video you may like. You helped in creating it.

Before opening your wallet I will use your saying, “Educate yourself before you make an a** out of yourself..”
Thank you come again.

[Anonymous]

You know how many properties of those 19 you listed they already sold to another victims? I think you don’t need to check out. Maybe you took some profit from them. If not, call Arbor Terrace Real Estate and ask for your share.

[Anonymous]

You know how many properties of those 19 you listed they already sold to another victims? I think you don’t need to check out. Maybe you took some profit from them. If not, call Arbor Terrace Real Estate and ask for your share.

[Author]

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