$20 Million Laguna Beach Luxury Home Foreclosure - behind the scenes of a RT America TV Story

This video is exclusive behind the scenes footage of a RT America video shoot on high end luxury foreclosures we arranged for the LA bureau. Property details are

Price $19,950,000
House Size 18,184 sqft
Lot Size 11.89 Acres
Parking 20 Car Garage, Entrance via gated security drive across private bridge leading up to the sprawling mansion.

This spectacular Laguna Beach Estate is just one of many high end foreclosures we have been tracking in southern California. If anything, we expect the crisis to get far worse in the luxury real estate market in southern California.

The foreclosure crisis is far from being solved. And the lenders and the government have taken the wrong steps to correct the foreclosure crisis in America. The recent stabilization in housing prices in Southern California was more a result of massive government and lender interventions. But the number of underwater home owners and 13.3% California homeowners 60 or more days late on their mortgage shows that we have a long way to go until we reach the bottom.

http://foreclosuresolvers.com

Category:

News & Politics

Tags:

• Laguna Beach
• foreclosure
• luxury real estate
• housing crisis