“There has been an effective moratorium on foreclosure,” said Roubini. Around here it looks like the servicers got back on their horse pretty quick: “The shadow inventory of not-yet-foreclosed homes—due to the moratorium—will surge in the next year,” Roubini says....
I checked the tax rolls by owner name to find the detached properties currently owned by lenders - there were only 1,991 of them, which is about how many detached properties sell every month. Don't be alarmed, the pushpins are the size of a city block until you zoom...
Hat tip to daytrip and geotpf for sending this along, from the WSJ: OKEECHOBEE COUNTY, Fla.—Patsy Campbell could tell you a thing or two about fighting foreclosure. She's been fighting hers for 25 years. The 71-year-old retired insurance saleswoman has been living in...
Another newer-tract-house REO in Calaveras Hills in Carlsbad, where they've had their share of foreclosure activity. But the market seems to firm up around the $200-per-sf level:
It's not easy finding a newer 3,060sf home in the village of Rancho Santa Fe for $1,050,000:
Bank of America hasn't started up their foreclosure machine yet - here are the number of San Diego County properties they have foreclosed on recently: September: 259 October: 56 November: 1 You can see below that the REO results were building some momemtum between...
From the latimes.com: The sale of Nicolas Cage's onetime Bel-Air estate, which the actor lost to foreclosure this year, has all the makings of a Hollywood blockbuster. There was hubris, bad taste and a dizzying fall from financial grace. The closing scene played out...
