Thursday, December 30th, 2010 at 7:40 AM
San Diego 4Q Foreclosures
“There has been an effective moratorium on foreclosure,” said Roubini.
Around here it looks like the servicers got back on their horse pretty quick:
“The shadow inventory of not-yet-foreclosed homes—due to the moratorium—will surge in the next year,” Roubini says.
Don’t they say that every year? I think the servicers will keep dripping them out little by little. There is no pressure on them to hurry up, and nobody thinks that adding more supply would help the situation. Well, almost nobody.
Posted on Thursday, December 30th, 2010 at 7:40 AM in Double Dip, Foreclosures/REOs, Market Conditions | 2 Comments » | 
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They do say that every year. Roubini needs to find another job, he’s simply wrong 80% of the time. It actually takes skill to be that wrong.
sdbri | December 30th, 2010 at 5:17 pmLast year I thought “No way they can just dribble those out as slow as they want!!!”.
This year I say I was wrong and Jim is right. They can just keep dribbling them out as slow as they want. At this point I don’t want them to dump those houses and the deadbeats in them out onto the street all at once either.
Happy new year!
MarkB | December 31st, 2010 at 2:05 pm