REOMAC just let out of their spring conference in Palm Springs...
Apparently the industry insiders, (meaning the lenders themselves) are saying there is a sh*tload more foreclosures coming. 3 to 5 years worth....
Southern Cal is going to continue down the road of increasing defaults and foreclosure for many quarters to come.
Doom and gloom, hee hee, I love it.
SD county is like the front of the wave for the rest of the state. We just had the biggest number of foreclosures EVER in the county's history for a month.
You guys who want to flip a property be careful, DO NOT OVERPAY!!!!
How is your marble bag bud?