The neighborhood is appreciating as well, at least 4% each year since the 2010 rebound.

You can weather any market if the property brings in money each month even if the value drops because eventually the value will rebound.  

You should see you score begin to rebound in a few months with on-time payments.

But I like your rebound approach of restructuring your dealings.  

Once you have good payment history your credit score will rebound because they see that you can pay the new debt. 

It doesn't mean that it doesn't dip, it just means that it is likely to recover if the main factors that drive people there, stay.I'm pretty certain that there will be a down trend in the Bay Area, I'm also pretty certain that it will rebound. 

I have read a lot about the community and it’s slow rebound from the recession, but my concern is there are not many comps for a decent ARV.  

The michigan market is still not rebounding so we are continually having new appraisals done and the percentage we have to get them at is getting smaller and smaller.

to reach those 2005 peak levels, like the other cities have.Then again, with the inevitable interest rate rising and other macroeconomic factors that may come into play in these next few years, it is totally possible something may derail my anticipated rebounding of the discounted inventory still out there.

@Arthur P.Call your bank, ask them to give you and extension on your monthly payment, up to two months, by then, the market should have hopefully rebounded :/