A short update to my previous post. I just found this blog, Flippers In Trouble, which gives house by house price declines. They are brutal. Here are a couple examples (I hope the Flippers In Trouble blogger is cool with this):
11836 Delavan Cir Rancho Cordova, CA 95742 |
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4359 Maeve Ct Rancho Cordova, CA 95742 |
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6030 Eagles Nest Rd Sacramento, CA 95830 |
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5749 Pomegranate Ave Sacramento, CA 95823 |
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11999 Mandolin Way Rancho Cordova, CA 95742 |
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7453 Telegraph Ave Orangevale, CA 95662 |
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8477 Jomar Ln Fair Oaks, CA 95628 |
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What a bloodbath! Good work on this data. And there is a lot more where that came from if you visit the blog.
1 comment:
I know your post is older but unfortunately, we fall into the "upside-down" in equity category. What we are concerned about in walking away is our Second loan to citigroup... It was not part of the purchase money. We are scared that they will come after us if we are foreclosed on by the first loan/ EMC / really is Chase. It was taken to remodel our home due to excessive damage by previous owners disatisfaction with having to leave though it was purchased at market prices in 2005 for $390k. We didnt expect that our last child of 6 would have serious medical issues and the money went like fire. I had to stay home to do fulltime care and you know the rest of the story. Your BLOG really helped me feel better and not so alone. We have always paid our bills and never walked away. We may have to now, not knowing where to go or how.
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