How should we feel about knife catchers? They were warned of the risks and bought anyway. Now we are paying to clean up the mess.  Asking Price: $300,000 Address: 7 E Smokestone #3 Irvine, CA 92614 Something went wrong along the way Everybody's waiting f ... Read the full ... Read more

We all complain about the prices in Irvine -- which are ridiculous and will continue to fall -- but many of these overpriced properties are very attractive homes and beautiful places to live. Asking Price: $1,849,000 Address: 8 New Dawn Irvine, CA 92620 Pretty ... Read the ful ... Read more

Hope Now released the July Mortgage Loss Mitigation Statistics . Most of the data concerns modifications - and those are not encouraging - but here are couple of graphs on delinquencies and foreclosures. Click on graph for larger image in new window. There are now more than 3 mill ... Rea ... Read more

The Pretender —Jackson Browne Im going to be a happy idiot And struggle for the legal tender Where the ads take aim and lay their claim To the heart and the soul of the spender I have written many times on this blog about the upcoming foreclosure problem ... Read the full post ... Read more