Decline in Foreclosures Temporary as a Million Loan Owners Quit Paying in 2010

Sep 3rd, 2010 by IrvineRenter 

Foreclosures are still not keeping pace with delinquencies as shadow inventory continues to grow. 

 

Irvine Home Address ... 26 RUSTLING WIND Irvine, CA 92612
Resale Home Price ...... $689,000

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The Upcoming Collapse of the Banking Cartel

Sep 2nd, 2010 by IrvineRenter 

As the economy improves, lenders will start to liquidate their inventory. When they do, the lending cartel will collapse, and prices will get pushed lower. 

63 CANYON Crk Irvine, CA 92603 inside 63 CANYON Crk Irvine, CA 92603 kitchen

Irvine Home Address ... 63 CANYON Crk Irvine, CA 92603
Resale Home Price ...... $4,195,000

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Amend-Extend-Pretend: 780 Day Short Sales, 60% of Delinquent Loans Remaining

Sep 1st, 2010 by IrvineRenter 

The United States is following the Japanese model of slow deflation using the amend-extend-pretend dance. Will it take the US 15 years to deflate its bubble? 

39 Secret Garden 39 Secret Garden Kitchen

Irvine Home Address ... 26 SHADOWPLAY Irvine, CA 92620
Resale Home Price ...... $740,000

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Last Remaining Hopes Crushed, Homedebtors Defend Home Ownership

Aug 31st, 2010 by IrvineRenter 

Assaulted by bad news, a home debtor has launched a public relations campaign to keep the kool aid flowing.

 

Irvine Home Address ... 13 WINDJAMMER 2 Irvine, CA 92614
Resale Home Price ...... $299,000

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Fix the Housing Market: Let Home Prices Fall

Aug 30th, 2010 by IrvineRenter 

The general public is waking up to the reality that the artificial bottom the government produced is not curing the housing market's ills. It's time to let house prices fall.

 

Irvine Home Address ... 86 EAGLE Pt 45 Irvine, CA 92604
Resale Home Price ...... $250,000

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IHB News 8-28-2010

Aug 28th, 2010 by IrvineRenter 

I have an extremely overpriced Turtle Rock home for you to giggle about this weekend.

 

Irvine Home Address ... 4 SUNPEAK Irvine, CA 92603
Resale Home Price ...... $2,745,000

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realtors Treated as Lackeys and Maids Grovel for 6%

Aug 27th, 2010 by IrvineRenter 

A little Friday schadenfreude for you. Apparently, realtors have to work for their 6% these days. 

 

Irvine Home Address ... 37 PLYMOUTH Irvine, CA 92620
Resale Home Price ...... $649,000

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Posted in News
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