Epic HELOC Abuse

Jul 2nd, 2010 by IrvineRenter 

The behavior of the owners of today's featured property is so bad, it warrants a special look. 

 

Irvine Home Address ... 36 PARKCREST Irvine, CA 92620
Resale Home Price ...... $915,000

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Posted in HELOC Abuse

Nearly 500 Properties Are Currently Scheduled for Foreclosure Auction In Irvine

May 21st, 2010 by IrvineRenter 

The MLS inventory is growing. The pre-foreclosure inventory is growing. And shadow inventory is growing. Will our spring rally fizzle out? 

 

Irvine Home Address ... 24 ROSE TRELLIS Irvine, CA 92603
Resale Home Price ...... $1,900,000

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Extreme HELOC Abuse from Extreme Makeover Home Owners

Apr 19th, 2010 by IrvineRenter 

From the extremes of generosity springs the extremes of stupid borrower behavior. Several Extreme Makeover Home Edition families are facing foreclosure because of their HELOC abuse. 

 

Irvine Home Address ... 18 SUNSET Riv Irvine, CA 92604
Resale Home Price ...... $669,000

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We Haven’t Learned the Lessons of the Great Housing Bubble

Apr 13th, 2010 by IrvineRenter 

People learned lifelong lessons about financial management from the Great Housing Bubble. Did they learn the right ones?

The owners of today's featured property learned how to squeeze every last penny from the walls, then they resorted to squatting for the last year and a half. 

 

Irvine Home Address ... 14952 GAINFORD Cir Irvine, CA 92604
Resale Home Price ...... $460,000

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Posted in Library HELOC Abuse

Failed Bailouts and the Neverending Mortgage Crisis

Apr 12th, 2010 by IrvineRenter 

The bailouts never seem to end, and neither does the flow of irresponsible debtors in need of a bailout. 

   

Irvine Home Address ... 10 MOZZONI AISLE Irvine, CA 92606
Resale Home Price ...... $294,000

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Housing Bubble as Political Rugby

Apr 8th, 2010 by IrvineRenter 

Keeping the truth straight is difficult with good information, but once policitians and political operatives get involved with the flow of data, truth can be obscured and elusive.

Today's featured property belongs to a family that skimmed the appreciation and sold just in time to avoid a short sale.

 

Irvine Home Address ... 34 CAPOBELLA Irvine, CA 92614
Resale Home Price ...... $745,000

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Posted in Library HELOC Abuse

Foreclosures Will Drive the National Economic Recovery

Apr 6th, 2010 by IrvineRenter 

Barry Ritholtz is leading the chorus demanding that lenders get on with the foreclosure process and get the economy moving again.

Today's featured property may have the Irvine record for HELOC abuse. We are up over $1,000,000!!! 

 

Irvine Home Address ... 58 CEZANNE Irvine, CA 92603
Resale Home Price ...... $1,600,000

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Posted in Library HELOC Abuse
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