It takes ALOT more work then your every day buyer and seller, but repeat business is worth its weight in gold, and friendship will last a lifetime.In this market, investors are the key to being successful, and this would e the site to meet them by my prediction. again, good luck!!

There were 47,171 foreclosures on California properties in the first quarter of 2008. The figure for the same period last year was just over 10,000.

An increase was also reported in the state ...

I hate the idea of government intervension but I now believe that unless the banks or the government does something for homeowners my prediction is that the majority of homeowners who bought using 100% financing from 2005-2007 will let their homes go and anyone who pulled out a bunch of equity during those same years will let go of their homes.

Good point, Jon . . . anyone want to start a pool to predict who will be left standing?

Oh and by the way Krzy... that is a five string bass that i do solo instrumental stuff on.

Now that it passed . . . anyone have any predictions?

This was predicted in California at the Bruce Norris talk I attended.

The taxing authorities have every incentive to drag their feet on valuations.I'd predict many taxing authorities have adjusted their budgets to consume all the available revenue.

Lets hope saner heads prevail.At this point I've given up on predicting what will happen in the short term.

I agree with Lee Common & others-Owner finance or other creative financing may take off as good people cannot be approved for a mortgage.I make no predictions regarding banks and politicians fixing anything in a logical or timely manner unless it lines their own pockets.