The SFR foreclosures around North SD County Coastal are still being trickled out, relatively. We got teased with an increased flow in January when 49 got foreclosed, but in February that number was almost cut in half, down to 26 (with the same number of business days...
A couple of years ago, one of the employees at RealtyTrac told me that they get their data from multiple sources, and they don't have time to cross-reference or screen out any duplicates. Hat tip to Rob for sending this along - we've been hearing about how the NAR...
From HW: The number of foreclosure starts fell about 11.4% in January from a month earlier, but delinquency rates rose slightly because many lenders are moving loans out of foreclosure and back into the seriously delinquent category, according to Lender Processing...
The flow of North San Diego County foreclosures has picked up nicely. Last year between January 1st and February 18th, there were 42 SFRs foreclosed, and this year there were 62, which is a 48% increase. Here's a look at a few:
Sean, our Los Angeles correspondent, files this report: Jim, Up here in LA it looks like BofA/Countrywide just threw the foreclosure machine switch back to the “on” position. The number of Recontrust properties with opening bids set for tomorrow’s trustee sale...
Notice how people think that foreclosures automatically mean lower prices? The pundits and mainstream media talk about a surge of foreclosures plunging us into the abyss; that prices would plummet. Why? I don't see any REO listings being given away around here, if...
The number of properties making it to the court house steps is on the rise - there has been a 50% increase roughly in SD County trustee-sales since the end of June (from 200 to 300). It's still a pittance, however, compared to the 14,493 properties in default in San...
Reader "positive" said that 'ghostfaceinvestah', an MBS-trader who comments on Calculated Risk, trusts that LPS accurately reports the mortgage delinquencies and defaults data (I had mentioned my skepticism - Mark E., what do you think about LPS?). I did email LPS...
Frank asked about the breakdown of REO/SS/regular-sellers: SD County, August 2010, all property types Seller # of sales Avg. Sales Price $-per-sf DOM Short-Sales 543 (20%) $313,054 $197/sf 132 REO 605 (21%) $281,311 $185/sf 46 Regular 1,675 (59%) $483,559 $266/sf 70...
These days, every time you read the news you'll see another expert talking about the shadow inventory coming home to roost. Depending on the guesser, there will be somewhere between 3 million and 8 million homes that get foreclosed in America over the next 1-10...
