August Foreclosure Summary

by | Aug 30, 2010 | Foreclosure Count, Jim TV, Market Conditions, Thinking of Buying? | 6 comments

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

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
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6 Comments

  2. aljanet
    aljanet on August 30, 2010 at 11:55 am

    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.

  3. swm
    swm on August 30, 2010 at 1:55 pm

    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.

  4. Tom Stone
    Tom Stone on August 30, 2010 at 2:03 pm

    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.

  5. Jim the Realtor
    Jim the Realtor on August 30, 2010 at 3:22 pm

    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.

  6. Jeeman
    Jeeman on August 31, 2010 at 1:36 pm

    I bet one could get that for the 2002 price.

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