2009-09-10financemymoney.com

"We are already seeing some creative methods of keeping distressed homeowners in their home while banks halt off writing down any losses. Seamless short sales and rent-backs are creeping into the system. Our government has already made it abundantly clear that they will bailout banks to sums much larger than many would expect. So recovery is off the table for California housing in 2010. But whether the market crashes further or stabilizes is yet to be seen."



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