Is REO Surge Coming to California???I was reading this article by Mr. Mortgage:http://mrmortgage.ml-implode.com/2009/01/27/ca-housing-market-beneath-the-headlines-reo-surge-to-hit/He does provide some solid data on the surge of REO's coming. I also found it interesting to see "organic market" analysis. I found his analysis pretty solid. The part that no one seems to want to face by all of this is that our government, media and real estate/finance industry cannot speak the truth, it would make the matter much worse.January 27 2009 - Sacramento00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.