Home prices throughout California and in the Las Vegas area fell from a year earlier in May as a glut of foreclosed property pushed down the value of single- family houses and condominiums.
The median price for an existing, single-family detached house in California declined 30 percent to $267,570, the California Association of Realtors said today [...]

Anyone who has been following the news about the Treasury and the various bank bailout problems probably has some idea that fairly large financial institutions are holding quite a bit of toxic legacy assets which are based on the home loans produced over the past few years.  The Treasury and the financial institutions are saying [...]

I’ve seen quite a bit of email and postings about bulk bank REO sales and most of it, in my opinion, is wishful thinking and promotional rather than being based on actual portfolios available.  An interesting article from the North County Times (hat tip Calculated Risk) talks about one property as part of a bulk [...]

Looking through the news today, I noticed many articles with blurbs about Obama’s plans to fix the economy, get millions more Americans working and provide a base for housing prices.  Mix that with blurbs from local and state politicians and their foreclosure prevention thoughts for a nice soup of conflicting thoughts and plans.
Knowing everyone involved [...]