Patrick Friedlich's (patrickfriedlich) Blog

At each real estate downturn, one believes that in many ways, banks should learn their lessons and stop with underwriting guidelines that are too relax.  Yet, as things improve, they go right back to making loans they should not make, and seem to always come up with new products which in many way...

  Hello readers.  I hope you enjoy this blog about the current state of the los angeles market, especially as it relates to foreclosures...a hot current topic. The consensus seems to be that the foreclosure "Issue" is not quite yet finished.  Reliable sources state that banks have been overwhelme...