Who do you call once you realize you’ve been hacked?
ROB DAWG!!!!
Bryce was the first to email the news, and within 60 seconds I had Robert on the phone. He was happy to oblige, and boom, here we are, right back in business!
Thank You Robert!
Our website designer Stefanie pitched in too, adding more security measures – if you ever need help designing your website, her contact info is at the bottom of the screen.
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Let’s ponder the future – what can we expect for 2010 in North SD County Coastal?
1. More distressed properties for sale.
So far in the fourth quarter we’ve had 1,213 new listings in NSDCC, and 258 of them are short sales or REOs, or 21%. The overall county 4Q stats are 43% short sales and REOs – we’re due to catch up with heavy activity expected on the ARM-recast chart.
2. More short sales showing up on the court house steps.
The sellers have to cooperate fully, and in many cases it’s better for them to be foreclosed – expect more short sales to fail as a result.
3. More loan mods showing up on the court house steps.
The loan mod terms aren’t that much better, and the free rent was good while it lasted – are modders going to go back to making big payments? Doubtful.
4. Banks/servicers unloading
It may not be a tsunami, but the drip has to at least turn into a slow meandering stream. There have been 103 closings in the fourth quarter in NSDCC, but there are 872 properties that have received their notice of trustee sale!
5. Housing Tax Credit getting credit for sales activity.
Who knows if it helps, and there’s little benefit in the more expensive areas. But it gives people something to talk about.
6. Chargers winning Super Bowl.
Let’s not get too hyped up, it’s only been 8 wins in a row, and Norv is still the coach. But if a miracle happened, it would make people feel a little better.
7. Lower pricing
Forget 1-6, all that matters is number 7.
Take a look at the latest pricing from the court house steps, via youtube:
Glad to see you’re back up and running, Jim. I hope this wasn’t an attack targeted at you, personally, based on the informative content you provide.
Website hacks are normally just scripts that run randomly trying to access known exploits. I work with computers and have only met one real hacker. And that was back in the early 2000’s. The best way to keep your site from being hacked is to install all the security updates for popular applications like wordpress as soon as they come out.
Regarding housing… Woohoo, bring on the supply. Kick out the deadbeats and get those that can actually pay in properties at whatever price.
The flippers are annoying but hopefully the courthouse steps program Jim is putting together will provide normal buyers access to the best prices. This is the kind of 3% buyers agent services I would gladly pay for.
It can’t have been targeted at Jim for what he does.
Super-J**** and the other realtwhores who have a reason to hate can’t even use the Internet, much less hack a site.
Apparently, the script attacked the site, but not the database. Once the site was back up, there wasn’t any indication that any messages were lost.
Now if you’ll excuse me, I’m way overdue to change all of my passwords. It’s going to be a busy day. 🙂
“Super-J**** and the other realtwhores who have a reason to hate can’t even use the Internet, much less hack a site.”
Technical skills aren’t the only way to hack a site. $$ works just as well.
Any idea who hacked the site and why?
Growing up in Denver and being a Broncos fan I must hope your number 6 does not come true….
Why are the banks being so tough on short sales now?
My friend is trying to short sale his condo. He has a very good offer in place based on other comps.
However, the bank is asking him all sorts of questions about his own finances??? They obviously care whether this a strategic default or not (it is).
It seems that if they think it is a strategic default they will not grant the short sale.
But why should the bank care? They have no recourse in CA, and it is just going to cost them time and money to foreclose and relist.
They don’t seem to be acting rationally, but that is not the first time I have failed to understand the motivations behind the actions of a bank.
But why should the bank care? They have no recourse in CA, and it is just going to cost them time and money to foreclose and relist.
They are hoping the threat of a full foreclosure will get your friend to pay the mortgage. If this works in 25% of cases they will likely come out ahead in the end.
…and Norv is still the coach.
My feelings exactly. Such a talented team should perform better than they have these past years. [That said, I’m also a Broncos fan!]
They have no recourse in CA
Only on purchase loans, not refis. Did your friend ever refi for a lower rate or cash-out? Regardless, tales of lenders pursuing borrowers via recourse are practically nonexistent.
Jim, Is a court-house steps buyer only buying the First Deed and still responsible for the other loans?
OMG! Finally, JtR’s back in business! Yippee! Yes, I’ve been MIA (the #1 reason is single parenthood (by widowhood) isn’t what it’s cracked up to be–especially during the December.
I thought Jim & family had taken off for some much needed R&R to Paradise. Alas,I come over today, and discover my fav. RE site was hacked! The horror! The outrage!
Hey, check this YouTubie: (hope it links). It’s proof positive that you may live in NJ at Christmas time (with a foot of accompanying snow) but your heart will always reside in our 50th state. I know mine does!
Doncha forget to watch all of it, bubbleinfo heads, ‘cuz you’ll be chucklin’ throughout the entire 3:58 minutes. I guarantee it. Mele Kalikimaka bubbleinfo!
http://www.youtube.com/watch?v=DhRS-Iojto4
Jim,
Thanks for the videos. You have done a great job over the last year. But I think I disagree with your assessment on the 2010 RE market. Once peopel understand that prices are unstable and headed down, why would they buy?
“Jim, Is a court-house steps buyer only buying the First Deed and still responsible for the other loans?”
dcheights…………
dc, the 2nds get wiped out at the trustee sale (but you have to be sure that it is in fact the 1st that is foreclosing, otherwise you’d screw yourself by buying a 2nd).
The scenerio where you start drooling at the Trustee sale is when there is a relatively small 1st that is foreclosing, and a huge 2nd because the 2nd is eliminated thru the process.
murf2222
I see that hot knife is just getting warmed up. Low starting bids are an indicator the banks just want to step away and let the market take care of itself – albeit artificially stimulated. No complaints here.