There is some short-term predictability to real estate. Because foreclosures have a minimum 111-day notice period before becoming a trustee-sale candidate, we can check the foreclosure rolls and recent trends to anticipate the possible REO activity coming for the...
Readers regularly send in articles for us to examine here - keep them coming! Tom sent in an article from realestatechannel.com that was also referenced in a mortgage blogger's post which Gordon sent in, looking for thoughts - thanks to the both of you! Both...
There has been a rebound lately in the number of weekly trustee sales resulting in REOs, but still relatively low numbers overall, compared to where we think they should be: Below is the quarterly chart for the last three years. Even though the foreclosure moratoriums...
Eric at the North County Times mentioned the increase in Bank of America notices of trustee sale being sent out. Click here for link to full article. The notices went to 230 homeowners in North San Diego County, a 69 percent increase from February. Wow, will there...
If you're trying to gauge your chances of finding a seller who is distressed, here are the number of detached properties that have listed on the MLS as short sales (SS), bank-owneds (REO) or regular sellers (Reg.), plus the number of SFR trustee sales completed...
Is the new year bringing more REOs to market? Though everyone wants to "steal one from the bank", if you're looking to buy in North SD County Coastal (Carlsbad-to-La Jolla), you'll find few opportunities to snag an REO sale. Have there been more REO listings coming on...
Our old friend in La Costa Oaks keeps evolving. Out of the 20 homes on the street, four have been foreclosed, and two sold short (one of those is still pending). But on November 9th there was a sale of a 3,345sf house on the culdesac that was head-scratcher:
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...
From sddt: "Even with NOD numbers virtually flat with 2,880 in October and 2,875 in September, 2009 is on pace to break 2008’s record-breaking 34,069 NODs filed in a single year. With two more months to go, 2009 has racked up 33,904 NODs and has averaged 3,390 per...
