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Monday, August 30th, 2010 at 9:57 AM

August Foreclosure Summary

The August foreclosure stats, plus examples of houses that went back-to-bene last week:

Posted on Monday, August 30th, 2010 at 9:57 AM in Foreclosure Count, Jim TV, Market Conditions, Thinking of Buying? | 6 Comments » | 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: 6 Responses

  1. Remember the ugly one-story REO in Whispering Palms in the video from Saturday?

    Someone asked about the mortgage:

    Downey Savings gave them a loan for $796,000 in 2007.

    The property has been listed for 6 months by an out-of-town agent, but he hasn’t figured out that he isn’t in the SD MLS:

    http://www.redfin.com/CA/Rancho-Santa-Fe/16206-Via-Pacifica-92091/home/4445560

    Thank you taxpayers!

    Jim the Realtor | August 30th, 2010 at 10:30 am

  2. That is a very nice area and for that reason I had made an offer on that about 4 month’s ago and they said they would not take anything less than about 850k. It does need lot’s of work but for the right price it is worth it.

    aljanet | August 30th, 2010 at 11:55 am

  3. Theoritically, the healthier the banks get, the more foreclosures we should see. Banks could not afford the hit to their capital by foreclosing (mark-to-market) or selling at too big a percentage loss. As they produce (on paper) better profits they can afford to rid themselves of the bad loans.

    swm | August 30th, 2010 at 1:55 pm

  4. Jim,We get a few Out of area brokers handling properties here in Sonoma County. Usually a Marin County “Investor” who doesn’t want some country Bumpkin of an agent handling their property. I did run across one listed by a Statesboro GA broker yesterday (?). It might work in a booming market if the broker does their homework,not now. Time to head out and set some traps,we had reports of Rabid Quail.

    Tom Stone | August 30th, 2010 at 2:03 pm

  5. Statesboro GA??? I thought you were in the NorCal?

    The REO agent of the last house did listing-input onto the MLS today for $729,000.

    Jim the Realtor | August 30th, 2010 at 3:22 pm

  6. I bet one could get that for the 2002 price.

    Jeeman | August 31st, 2010 at 1:36 pm

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