Lack of foreclosures bad for the Real Estate market?
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According to Diana Olick of cnbc,  foreclosures are down because of all the regulations imposed by states, especially CA. Now banks have to show proof of loan ownership before they can foreclose. That’s tough since the loans were “sliced and diced”.

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BUY A HOUSE- GO TO JAIL
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It’s to be expected that a non-judicial process that divests a defaulting property owner of their title to real property would be closely regulated to insure fair dealing and uniform application throughout the state.

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Foreigners think our real estate is cheap
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America is on sale so money is flowing into our real estate market. In addition, exchange rates favor them.  We are considered a safe haven. Usually its just treasuries but with the low interest rate  being paid by treasuries, real estate is a real bargain.

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