Rancho Bernardo homeowners on the ropes

(Click to enlarge)

Remarks:

A few examples of Rancho Bernardo home owners who are below the curve on timing the real estate market (some as much as $230K). Some homes are actually listing under 2004 prices. I am sure these set of owners will not be the last to be on this prestigious list.

Carlsbad Foreclosure faces $120K+ loss

Listing Info:

Previous Sales Info:

Remarks:

Purchased in 2005, this owner's ARM exploded out of control, and the bank is left to clean up the mess.

The owner is partly to blame, but the lender should be audited by the government for extending bad loans to unqualified buyers, gov't should revoke its license. That is the only way these lenders will get a conscience.