This chart makes it looks like foreclosures are on the rise lately, but don't be too impressed - these monthly foreclosure counts are half of what they were two years ago. There are still 10,504 properties on the NOD and NOT lists in San Diego County, and of the 193...
Foreclosure Count
Trustee Sales Down 60% Y-O-Y
From sddt.com: Trustee deeds in San Diego County are down almost 60 percent from June 2011, and one local expert said that’s “really pretty amazing.” Trustee deeds — the final step in the foreclosure process, transferring ownership from the delinquent borrower back to...
SD Foreclosing Filings
Could a recent uptick in foreclosure filings mean more REO inventory later this year? Or just a fake-out to keep the short sales moving? At least we can say that there's been no waiting for us at Bank of America. They listed 1848 Kerisiano for $519,000 just 10...
More Foreclosures?
I've been hearing it over the last week or so (really it's been over the last few years!) - people telling me that they've "heard" that more foreclosures are coming. This nonsense is driven every year by RealtyTrac, a company that SELLS FORECLOSURE SUBSCRIPTIONS....
Foreclosure Counts
CoreLogic, a leading provider of information, analytics and business services, today released its National Foreclosure Report for January, which provides monthly data on completed foreclosures, foreclosure inventory and 90+ delinquency rates. There were 69,000...
Eschew
At the Super Bowl party yesterday a stranger asked how the market was, and I said "Great,....". But before I could get in another word, he fired the obligatory blast, "You realtors always say that". He then went on to tell me his prognostications, the main one being...
Foreclosures in 2012
Even though this RealtyTrac report mentioned how foreclosures had dropped significantly in 2011, the latimes.com couldn't resist starting off their coverage with these two scary paragraphs: California and other states are likely to see an enormous wave of long-delayed...
Last Week’s Trustee-Sale Results
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 6 2 3rd-party buy 2 0 Cancelled 15 5 Postponed 104...
Another Tsunami Scare
Hat tip to SM for sending this along from the nytimes.com: - this is the beginning of article: A new analysis suggests that the tide of home foreclosures isn’t going to recede soon. The report from the Center for Responsible Lending, “Lost Ground, 2011,” finds that at...
San Diego Foreclosure Counts
We thought the August blip of increased NOD filings might be a one-time event, but it looks like the servicers are keeping up the pace. Hopefully it'll translate into more trustee sales: Unfortunately, we know that a surge of NODs and about $4 will get you a cup of...