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Wednesday, April 8th, 2009 at 11:43 AM

Foreclosure Data

In an attempt to replace the foreclosure lists that have been published in the right-hand column called ‘San Diego County REOs’, there is now access to the foreclosureradar service – click on the ‘Foreclosures’ button in the crimson-colored banner at the top of this blog site   ^^^^^^^^^^^^^

They don’t allow you to directly access the entire file, but if you find a property that you’d like to receive more information, click on the street name.  It’ll open a box for you to send in your email address, and either wifey or I will send you a printout that looks like this (click on link):

jan-terry

This printout is a property sold by what’s-her-name – note that her accomplice will probably end up with a minimum of a year’s free rent before her fate is decided.

Cross-reference these with what you find on www.fidelityasap.com and you should be able track foreclosure activity fairly closely.

Here are the number of records per area:

La Jolla = 135

Carmel Vly = 145

Del Mar = 31

Solana Bch = 45

RSF = 29

Encinitas = 170

Carlsbad = 481

Oceanside = 1,574

Vista = 892

San Marcos = 710

92127 = 234

You can figure that these numbers are probably a six-month sampling, with the bank-owneds lingering on the record for a while after the trustee sale.  There are a few others that have both the 1st and 2nd lenders filing NODs, but not many.

 

Posted on Wednesday, April 8th, 2009 at 11:43 AM in Foreclosures, Foreclosures Link, REOs Coming to Market | 13 Comments » | Email Email | Print Print You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Reader Comments: 13 Responses

  1. Thanks Jim! That’s mighty generous of you. I’ve already sent in a couple of suspicious homes in my neighborhood.

    Kwaping | April 8th, 2009 at 12:08 pm

  2. Thanks Jim! Thats wonderful… Any chance that you can add the year built to the search and/or results?

    carmelgirl | April 8th, 2009 at 1:19 pm

  3. Great data, thanks so much. Amazing how many aren’t listed in the MLS. I recognize some as having been on in the past. Do you think owners gave up and are enjoying their free rent until it’s bank owned or maybe there’s a long delay between transaction and it falling off the foreclosureradar database?

    gywright | April 8th, 2009 at 1:51 pm

  4. These numbers are not shocking to me–Correct me if I am wrong. You firgure Carlsbad at 481 in an area that has probably 25,000 homes, that is less than 2%. If that is a six month supply that means 4% of the homes per year, for a 2.5 year downturn would be 10% of all homes will have NOD’s filed on them. Am I right??? I guess, however, if they were concentratied in certain neighborhoods, it could be much more dramatic.

    Local Boy | April 8th, 2009 at 2:42 pm

  5. Jim-

    Do you have a login code & password that we can use to get access to:

    http://www.fidelityasap.com/

    Thanks in advance.

    Bryce | April 8th, 2009 at 2:50 pm

  6. Well that was interesting.

    The condo unit next to mine goes to auction tomorrow, and I’d buy it at the estimated value, but the opening bid is 35K higher. Oh well, I guess they’re not giving them away.

    sosad | April 8th, 2009 at 5:02 pm

  7. Bryce,

    You can sign up for one on the website.

    3clicks from da Beach | April 8th, 2009 at 5:33 pm

  8. Yes, Bryce, you just put in your email (I have never rec’d any spam from them) and make-up your own password. Very easy.

    shoppingaround | April 9th, 2009 at 12:34 am

  9. Jim,

    Very cool feature!

    shoppingaround | April 9th, 2009 at 12:54 am

  10. Fidelity Asap is one of many Trustee sale posting companies. They are there to publish and manage the trustee sale notification process.

    Here are a couple more:
    http://www.priorityposting.com/PPPAdvancedWebSearch/Pages/AdvancedSearchPage.aspx
    http://www.recontrustco.com/

    There are many more but not every one of them covers every area.

    Effective Demand | April 9th, 2009 at 8:34 am

  11. Nice example report – the original sale date was 7/17/08, which means payments were stopped probably around March, 2008. On a $1.25 million mortgage, that means at least $100k in payments have been missed already, and that’s before the discount they will need to make on this place to sell it.

    IRE | April 9th, 2009 at 11:28 am

  12. I called the lender after the house on Vista acedera closed and told them this was a fraud. It sold for $100k more than the highest sale and this was in a declining market. The agent, Monica Kang was involved in other fradulant deals, including her own home, that sold for the same price, 1,250,000 and was foreclosed on 6 months later. Her home then sold for 975k.

    Sawitcoming | April 12th, 2009 at 10:50 am

  13. All this foreclosure info has me droooooooling

    shadash | February 5th, 2010 at 9:02 am

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