Jason wrote on Nov 5, 2007 11:35 PM:Great, except 30 seconds of looking before you had reported would have told that there are actually no Lake Elsinore homes included in the auction. With an article as short as this one, it would be nice if the information presented was accurate. It's really not hard.

Shannon wrote on Nov 6, 2007 1:25 PM:Well, technically, Jason, yu are right...there are no homes from Lake Elsinore listed for the Temecula area auction, but there are a number for Wildomar, Menifee and Sun City. However, if you check the other Riverside County area auctions, the listings for Lake Elsinore, as well as Canyon Lake and surrounding areas are more than plentiful. I'm sure if you take a few extra moments and check those listings, you'll find something more to your liking...just a suggestion.

funcpl wrote on Nov 6, 2007 2:00 PM:ACTUALLY If if go to the Auction site and look at the bid blocks forms and if you type in the city or the zip code the homes show up. AND yes there are homes in Wildomar, Lake Elsinore etc.. so Jason, maybe you ought to do a little better searching, before snapping at the writer and looking like...

Jim wrote on Nov 6, 2007 2:03 PM:Too bad they'll probably be used as additional rental properties. Rentals are great for families instead of apartments, but all too often they turn into eyesores and headaches for homeowners living in the area.

the truth wrote on Nov 6, 2007 5:55 PM:don't be in a hurry to bid on these foreclosures. about this time next year the prices will be 10% lower. the unraveling of the housing market lunacy is still in its early stage.

escrowgal wrote on Nov 7, 2007 7:15 AM:I work for a local escrow company and I must say that things are starting to pick up for us. I have to say that i disagree with "the truth" (above). I think that we will continue to se the auctions to clear out the inventory quickly. With the conforming loan limits going up considerably, the lenders will be able to do more to keep people in their homes, which should slow don the flow of new bank owned properties into the market. Simple Supply/Demand. I think that we are really close to the bottom of this market. I also think that the growth will come very slowly.

escrowgal wrote on Nov 7, 2007 7:17 AM:Also wanted to add that the market has been in a downturn for two years(since Q4 2005). It is not in early phases.

dontreallycare wrote on Nov 7, 2007 2:50 PM:I think escrowgal is writing that to keep food on the table. Scare us!

escrowgal wrote on Nov 7, 2007 5:02 PM:No "don't really care", (darling title) I am sick of all of the doom and gloom from the media. It's Southern California, people want to live here, the market will turn around. Everyone knows that real estate is a low risk investment, it is never worth "nothing".

Hey escrowgal.... wrote on Nov 8, 2007 9:55 PM:I agree with you

RepoMachine wrote on Mar 27, 2008 12:59 PM:We'll probably slide another 10% (15% tops) over the next year or two, but the worst is over. It's a good time to buy, but it will be even better in 6-12 months. It all depends on the buyers situation.