There were 127 SFRs on the A-list in North SD County Coastal last week; here are the results:
Scheduled NSDCC SFR Trustee sales, Nov 28th – Dec 2nd:
| Trustee-Sale Results | Number | Listed on MLS in last year |
| Back-to-bene | ||
| 3rd-party buy | ||
| Cancelled | ||
| Postponed | ||
| Totals |
Only 28% of the properties on the auction list were trying to sell – the rest are either bucking for a loan mod, or going down with the ship – which category they’re in probably doesn’t matter much, because most will shake out over the next few years.
With only 6% actually losing their house (8 of 127), this will drag on a while. There are 355 SFRs on the auction list; the rolling gob of free-rent goo that, for the homeowners, feels like purgatory. Hopefully the servicers can speed it up for everyone’s sake!
A friend of mine missed his first payment July 2008. He is having coffee this AM at his kitchen table. OK, so it has been a little troubling not knowing when he might actually get evicted, but 3 1/2 years of FREE living within a block of the beach hasn’t been all bad! I’m not shedding too many tears for the poor victims who got the checks and the free rent.
Jim, you may be interested in this:
http://www.moneyweb.co.za/mw/view/mw/en/page292525?oid=557280&sn=2009+Detail&pid=287226
On global housing trends over the last year.
I’d say your friend is a deadbeat scumbag.