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Banks are in growing trouble, and it’s affecting Los Angeles real estate. U.S. Fractional Reserve banking system basically allows banks to lend out almost all of the money on deposit, creating a system that is precariously close to collapse, even in good times. Today, under extreme financial strain, a banking system collapse is a hair …
Within six months, many California homeowners shall be substantially late on their mortgage payments, and will receive an NOD or Notice of Default. At that time, they will need to make a decision on whether they should do a short sale on their property. Homeowners may feel stressed and too depressed to take action at …
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