According to an article I found on CNNMoney.com the median home price in the L.A.-Long Beach-Glendale metro area is projected to fall nearly 25% in 2009 - the biggest drop in the country, click here to read more.  Next on the list is Stockton followed by Riverside.  Are we really worse off than Riverside County??  I don't think so! 

After reading that ridiculous article I found another titled Reaping Repo Rewards, 4 tips for buying foreclosures.  A Scottsdale real estate advisor suggests buying a short sale.  Why does he suggest a short sale?? Because you'll have more time to arrange for financing - and since the lender has fewer costs to recover, you may get a better price.  I about fell off my chair when I read that one!  They don't mention that you will have so much time to arrange for financing that you could save the money yourself, by the time the bank gets around to approving your offer!  Holy cow who comes with this stuff!!!!! 

If you would like to enter the NO SPIN ZONE give me a call at 818-238-0188