Will we see the banks/servicers using the trustee sales as a primary channel for selling REOs in 2010? It looks like WaMu/Chase has been aggressively pricing their opening bids to move properties at the court house steps. Their trustee has conducted 302 trustee sales...
Here's a close-up of the process on the court house steps. In 2008, somebody filmed this actual trustee sale of 1825 Chicago St. in Bay Park. The opening bid is $435,240, but no takers, and it goes "back to bene". A month later the bank listed it for sale, with list...
Just when you think you're in for another routine day at the plant, more turbulence. Wifey thinks I'm getting too aggressive on the blog, but like another agent said today - if you're going to be a successful realtor in this market, you gotta be able to deal with the...
Nick asked, "Jim where can you find up to date info on trustee sale dates and houses involved for the San Diego Area?" Foreclosureradar.com has been the most efficient website for us, because they keep it updated - changes are usually recorded the same day. You can...
I love the list date - December 25th:
I think this shows the ineffectiveness of loan modifications. Since last November the government has enacted the biggest loan-mod program in the history of the world, and yet there were only 51 additional cancellations Y-O-Y? From the U-T: Foreclosure sales have been...
From bloomberg.com, hat tip PH! Homeowners with mortgages of more than $1 million are defaulting at almost twice the U.S. rate and some are turning to so-called short sales to unload properties as stock-market losses and pay cuts squeeze wealthy borrowers. "The rich...
December 15, 2009 - ForeclosureRadar.com, the only website that tracks every California foreclosure and provides daily auction updates, issued its monthly California Foreclosure Report for November 2009. Despite apparent headline month-over-month declines in...
The perfect REO Diet Plan: Dancing, Cocaine, Eating Prevention Device, and Swimming! I'm not sure you could split this lot. The frontage on Lone Jack is too skinny, and zoning is for multiple-dwellings, but I would think they'd insist on two-acre minimum lot size....
from sddt.com: Notices of default and trustee deeds fell a combined 22 percent in November from October. Data from the San Diego County Assessor showed trustee deeds -- the last step in the foreclosure process -- dipped 17 percent from October to 1,128. Year over...
