Planning Ahead.The majority of Americans do not have “rainy day” funds set aside for unanticipated financial emergencies and similarly do not plan for predictable life events, such as their children’s college education or their own retirement.3.

Many forecasters predict a shift to more CA normal market barring some international crisis that is.

Occupancy, Preservation, Maintenance and Protection of the Property:Borrower shall occupy, establish, and use the Property as Borrower's principal residence within sixty days after the execution of this Security Instrument (or within sixty days of a later sale or transfer of the Property) and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender determines that requirement will cause undue hardship for Borrower, or unless extenuating circumstances exist which are beyond Borrower's control.

What do you predict they will get raised to when they do get raised?

In 2017 I predict that we will see many of these properties on the county steps for a fraction of price they we're originally sold for...so get your cashiers checks ready.

If you follow the proper steps: (1) seek lien discharge; (2) obtain certificate of discharge and waiver of right of redemption; (3) begin foreclosure; (4) complete foreclosure sale; (5) pay off taxes - you will have the best chance at your predictable outcome of taking title to the property.  

If they were that easy to predict #1 they wouldn't happen (interventions would prevent them) and #2 there'd be a LOT more rich people as billions would be available for those that could market time.

It is within 60 days.From my FHA loan:"Borrower shall occupy, establish, and use the Property as Borrower's principal residence within sixty days after the execution of this Security Instrument (or within sixty days of a later sale or transfer of the Property) and shall continue to occupy..."

"Notes" are any debt instrument which obligates repayment at a set interest rate over a set period of time.  

I think many people were expecting and predicting a large shakeout, so that isn't much of a surprise.