Thanks to KCM for providing this report: According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought...
Lenders learned their lesson last time - instead of foreclosing on non-payers and risk losing money, it's better to extend and pretend. There won't be a time coming where we are flooded with REOs....ever again: Mortgage forbearances for homeowners affected financially...
The real estate market in our neighboring Orange County has performed much like San Diego's. Here, Jon outlines the 12 differences between the bubble days of 2007, and now: http://www.ocregister.com/2017/08/06/orange-countys-housing-bubble-10-years-later/ These stats...
The foreclosure rate of loans originated over the last few years has been LOW! If the strict underwriting continues, we will only see an occasional foreclosure from now on. We'll be telling our grandkids about how back in the day there was this guy who ran a...
A certain foreclosure-subscription company is always rattling their sabre about any uptick in notices. The headline for this article is: Early Stage Foreclosure Filings up Nationwide and in Most States:...
Reader elbarcosr noted that the latest default list was the longest in recent memory, and wondered if the foreclosure market might be coming back to life. Let's hope so! If the NAR would have been looking out for realtors, they would have insisted that the foreclosure...
The decline in foreclosures continues, but the pundits and media don't really look into it much further. Here is the best quote they could come up with in this article, linked below (hat tip to Stormin'): "We have now registered two and a half years of continuous...
Distressed sales have dwindled down to a fraction of the NSDCC market, though they were never a large contributor. Here are the detached-home sales from the June 1-to-August 31 period: Year REOs SS Non-Distressed % Distressed 2009 48 35 572 13% 2010 46 69 575 17% 2011...
The mid-range market isn't getting much help from defaulted properties - here's a look at last month's foreclosure notices sorted by home size and their estimated value:
The foreclosure era is winding down, and around the North San Diego County Coastal region, the overall impact has been less than imagined - let's recap the counts of distressed-sales: Year Short-Sale REO Non-REO/SS Distressed-Sales % 2008 5 30 2,002 2% 2009 110 164...
