Hat tip to those who sent in this article from YahooFinance, but scroll down to see local impact: As the foreclosure backlog continues to build up, delinquent borrowers are spending even more time in their homes without making mortgage payments. Once borrowers start...
We have heard that Fannie Mae is cutting back on their REO outsourcers. From HW: Treasury Secretary Timothy Geithner said the Obama administration is working on a plan to make it easier for Americans to refinance underwater mortgages and to turn REOs into rentals....
The mainstream media and blogs were buzzing this week about the big increase in BofA's NOD filings last month. Let's examine the local NOD and NOTS counts to see if the foreclosure waters are rising. These are the monthly totals of notices/sales for all property types...
Whatever happened to investigative reporting? Today's story on cnbc.com about rising delinquencies includes the same lightweight quotes from another ivory-tower guy, and if you just read the headline it sounds like the sky is falling again. In the text it says that...
The number of SFRs foreclosed between Jan. 1 and August 10th in 92130: 2010: 22 2011: 23
We tend to spend a lot of time on short sales and foreclosures, what percentage of the market are distressed sales in the North San Diego County Coastal region (La Jolla to Carlsbad)? The REO and short-sale MLS detached listings that have closed escrow equal 19% of...
ocerenter noted two posts ago - could the foreclosure crisis be turning a corner? I join in his skepticism, due to the numerous ways the data can be manipulated - primarily, we'll never know how many defaulters are not being foreclosed. The bankers can just let...
Town or Area Dec '09 Sept '10 Today Cardiff 21 23 17 Carlsbad 204 161 176 Carmel Valley 43 40 45 Del Mar 14 11 19 Encinitas 98 69 60 La Jolla 53 29 33 RSF 21 22 16 Solana Beach 15 19 22 NSDCo.Coastal 469 374...
In trying to keep my promise to post only NSDCC-related data, here's a national article from G-S, with NSDCC relevance at the bottom. Hat tip to Aztec for sending this along: As of 1Q, the number of seriously delinquent federally backed loans surpassed the number held...
The foreclosure numbers aren't growing yet - we're all convinced that they'll be dripped out for years to come, right? The push towards loan mods and short sales enables all participants to drag out the inevitable, and it's probably not going to change. In San Diego...
