The local government in San Bernadino county, CA wants to take underwater mortgages, giving less than fair market value for the properties. Watch out for this to infect your local gov'ts. What starts in California spreads to the rest of the country.

House prices rising

Have you noticed that house prices are rising even though there are 5.5-6 million foreclosures waiting to go on the market?  It is my belief that because the banks got big bucks from the present administration, they are saving the inventory for after the election.