Los Angeles Times - "How troubled borrowers can try for a mortgage write-down" (4-20-08)

"For you to get the same deal -- to get your lender to write down the value of the loan by 20% to 25% -- the lender must be shown that taking such a cut is the only logical choice. You want to show that if you fail, the loan's owner will be getting back a house that is worth less than it has invested in it."

Los Angeles Times - "The muted market" (4-20-08)

"Twenty-three families checked out the bedrooms (small), dining room (large) and kitchen (upgraded) during the four-hour open house on a recent cool, cloudy Sunday. Three expressed interest in buying the three-bedroom 'character home,' as Coldwell Banker agent Denise Barnes described the 1,364-square-foot 1922 California bungalow, reduced to $605,000 from $645,000. But most said they were waiting for prices to drop further."