Check out the purchases by McKinley Holdings.  26 so far since September on the Assessor’s site, mostly REOs and short sales.  None have been resold to date.  I found them when they recorded a TD today.  Their address is in Oakland.

Silver Liege aka NWC Funding Group recorded 2 TDs today.  They are out of El Segundo, and it looks like these are their first purchases.

NRES finally has competition!  But will the low end bidding war going on be a good thing or a bad thing?  Some under water properties may appreciate to the level where they may be saved (but not many).  But real entry level buyers are going to be “priced out forever”.