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Sometimes the county will do a re-evaulation even without the homeowner requesting one. In any case, if it does sell for the WTF asking price, the county will move the value up to the sale price.

Riverside is at the bottom, probably past it. Low end inventory is insanely low; less than one quarter as much as it was when I was looking in April. I started making notes on the inventory of houses within city limits priced below $175k, excluding short sales and under contract, on Redfin...

As a Riverside resident who admittedly has not done this, I personally believe that there is significant profit in such an idea. Rents are significantly higher than monthly payments here, although having a professional such as USC confirm this is, of course, a very good idea. The area you...

"Low income" in Irvine is quite a bit of money. It's based on the average income in a given area, and, since Irvine is a upper class area, those numbers are quite high. For a single person, "Very low income" is $32,550 a year, and "Lower income" is $52,100 a year. For a family of five, the...

The banks are just shooting themselves in the foot with the "two-years-of-free-rent" program. Pretty soon, everybody is going to want to be part of that program. If they foreclosed in a timely manner, this incentive wouldn't be there.

My worthless opinion is that we are at bottom now, and we are going to stay here for quite some time.