Foreclosures are an ugly reality
My listing on Burritt sold in multiple offers and is in escrow. There is a shortage of well priced homes under the $1,000,000 price range in Los Angeles. Because of this, I remain fixated on the lack of foreclosures…. Where are they? When will they be hitting the market? How many will there be? How long can a homeowner stay in their home without making payments?
“The 1990-91 recession also had significant real estate problems and the non-performing loan percentage peaked north of 3% back then. We’re at 2.6% or so now…..” Read the remainder here:
Foreclosures are an ugly reality. I believe that in order for the real estate market to recover, we must experience this “natural cycle” and I think the foreclosure moratoriums are delaying our recovery.
“The 1990-91 recession also had significant real estate problems and the non-performing loan percentage peaked north of 3% back then. We’re at 2.6% or so now…..” Read the remainder here:
Foreclosures are an ugly reality. I believe that in order for the real estate market to recover, we must experience this “natural cycle” and I think the foreclosure moratoriums are delaying our recovery.
Posted by Phyllis Harb at 8/18/2009 4:55 AM 
Categories: Homeowner's Benefits and Woes, Foreclosures
Tags: foreclosures shortage of well priced homes
Categories: Homeowner's Benefits and Woes, Foreclosures
Tags: foreclosures shortage of well priced homes
I have been amazed at how long families can remain in a home without it going to foreclosure. A similar problem exists with unlawful detainers. It seems the laws are currently on the side of the debtor rather than the one losing the money. A change in the systmen would be beneficial to our long term economic growth.
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