[j]

Just watch the NODs and REOs in the area, once they start going down (a pattern not one or two months) that is the time to buy. Until the foreclosures go down house prices will go down. Riverside has about 10K foreclosures a month that is why houses are getting cheap. Plus unemployment was 8.4% in July in Riverside County.

[j]

I was surprised that the FDIC did not close any banks last Friday, but do they close two to make up for it this week? Both Downey and Vineyard need permission from regulators to operate, so their days are numbered. When there are articles like this a FDIC takeover is getting very close http://www.marketwatch.com/news/story/vineyard-bancorp-cautions-may-not/story.aspx?guid=%7BDB320FFA%2D96B9%2D4B31%2DAFE2%2DA0008AF38830%7D&siteid=yhoof

[j]

I was surprised that the FDIC did not close any banks last Friday, but do they close two to make up for it this week? Both Downey and Vineyard need permission from regulators to operate, so their days are numbered. When there are articles like this a FDIC takeover is getting very close http://www.marketwatch.com/news/story/vineyard-bancorp-cautions-may-not/story.aspx?guid=%7BDB320FFA%2D96B9%2D4B31%2DAFE2%2DA0008AF38830%7D&siteid=yhoof

[j]

I was surprised that the FDIC did not close any banks last Friday, but do they close two to make up for it this week? Both Downey and Vineyard need permission from regulators to operate, so their days are numbered. When there are articles like this a FDIC takeover is getting very close http://www.marketwatch.com/news/story/vineyard-bancorp-cautions-may-not/story.aspx?guid=%7BDB320FFA%2D96B9%2D4B31%2DAFE2%2DA0008AF38830%7D&siteid=yhoof

[j]

I was surprised that the FDIC did not close any banks last Friday, but do they close two to make up for it this week? Both Downey and Vineyard need permission from regulators to operate, so their days are numbered. When there are articles like this a FDIC takeover is getting very close http://www.marketwatch.com/news/story/vineyard-bancorp-cautions-may-not/story.aspx?guid=%7BDB320FFA%2D96B9%2D4B31%2DAFE2%2DA0008AF38830%7D&siteid=yhoof

[j]

I was surprised that the FDIC did not close any banks last Friday, but do they close two to make up for it this week? Both Downey and Vineyard need permission from regulators to operate, so their days are numbered. When there are articles like this a FDIC takeover is getting very close http://www.marketwatch.com/news/story/vineyard-bancorp-cautions-may-not/story.aspx?guid=%7BDB320FFA%2D96B9%2D4B31%2DAFE2%2DA0008AF38830%7D&siteid=yhoof

[j]

I run 20 miles a week and ride my bike another 20 to 30 miles a week, and I can see the wave of higher end foreclosures coming. The lawns that once had the for sell signs are dead, and the extra cars, motorhomes, and boats are sold for the lucky ones. The unlucky ones just went through the cycle trying to sell all their toys, and the “bank owned” for sell signs are coming shortly.

I already see those signs in the neighborhoods that sold for 650K to 800K a few years ago, and those homes are listing at 550K and sitting. The 800K plus homes from a few years ago will be owned by the bank shortly. The once 750K – 1M homes in Jamul and Alpine will flood the market in 3 months or so with bank owned signs.

[j]

I run 20 miles a week and ride my bike another 20 to 30 miles a week, and I can see the wave of higher end foreclosures coming. The lawns that once had the for sell signs are dead, and the extra cars, motorhomes, and boats are sold for the lucky ones. The unlucky ones just went through the cycle trying to sell all their toys, and the “bank owned” for sell signs are coming shortly.

I already see those signs in the neighborhoods that sold for 650K to 800K a few years ago, and those homes are listing at 550K and sitting. The 800K plus homes from a few years ago will be owned by the bank shortly. The once 750K – 1M homes in Jamul and Alpine will flood the market in 3 months or so with bank owned signs.

[j]

I run 20 miles a week and ride my bike another 20 to 30 miles a week, and I can see the wave of higher end foreclosures coming. The lawns that once had the for sell signs are dead, and the extra cars, motorhomes, and boats are sold for the lucky ones. The unlucky ones just went through the cycle trying to sell all their toys, and the “bank owned” for sell signs are coming shortly.

I already see those signs in the neighborhoods that sold for 650K to 800K a few years ago, and those homes are listing at 550K and sitting. The 800K plus homes from a few years ago will be owned by the bank shortly. The once 750K – 1M homes in Jamul and Alpine will flood the market in 3 months or so with bank owned signs.

[j]

I run 20 miles a week and ride my bike another 20 to 30 miles a week, and I can see the wave of higher end foreclosures coming. The lawns that once had the for sell signs are dead, and the extra cars, motorhomes, and boats are sold for the lucky ones. The unlucky ones just went through the cycle trying to sell all their toys, and the “bank owned” for sell signs are coming shortly.

I already see those signs in the neighborhoods that sold for 650K to 800K a few years ago, and those homes are listing at 550K and sitting. The 800K plus homes from a few years ago will be owned by the bank shortly. The once 750K – 1M homes in Jamul and Alpine will flood the market in 3 months or so with bank owned signs.

[j]

I run 20 miles a week and ride my bike another 20 to 30 miles a week, and I can see the wave of higher end foreclosures coming. The lawns that once had the for sell signs are dead, and the extra cars, motorhomes, and boats are sold for the lucky ones. The unlucky ones just went through the cycle trying to sell all their toys, and the “bank owned” for sell signs are coming shortly.

I already see those signs in the neighborhoods that sold for 650K to 800K a few years ago, and those homes are listing at 550K and sitting. The 800K plus homes from a few years ago will be owned by the bank shortly. The once 750K – 1M homes in Jamul and Alpine will flood the market in 3 months or so with bank owned signs.

[j]

They lose the down payment assistance in October. Prices will go down, because people will need a down payment. They are trying to move inventory before the new law kicks in.

[j]

They lose the down payment assistance in October. Prices will go down, because people will need a down payment. They are trying to move inventory before the new law kicks in.

[j]

They lose the down payment assistance in October. Prices will go down, because people will need a down payment. They are trying to move inventory before the new law kicks in.

[j]

They lose the down payment assistance in October. Prices will go down, because people will need a down payment. They are trying to move inventory before the new law kicks in.

[Author]

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