From sddt.com: In the San Diego-Carlsbad-San Marcos residential market, the level of underwater mortgages leveled off in the second quarter, according to a real estate services company. CoreLogic reported 165,650 of all residential properties with a mortgage (28.1...
Bulk investors are willing to pay up to 95% of value for Fannie properties in Florida? All we hear is that foreclosures sell for 20% to 30% off - but rarely do you see actual evidence. Hat tip to Daniel for posting this, from the latimes.com: A San Diego real estate...
We've gotten the feeling that banks aren't pursuing defaulters much after hearing anecdotal evidence about homeowners who aren't getting calls from their banks and servicers, even though they've been behind in their payments for over a year. Here is supporting...
How many short sales and REOs are happening in the elite areas of NSDCC? 12% Detached Sales between April 1 and July 31 in Del Mar, Solana Beach, RSF, and CV: Type # of Sales Avg $/sf % of Total SS & REOs 48 $297/sf 12% Non-SS&REOs 338 $431/sf 88% Total 386 $414/sf...
The North County Times threatened to throw me in the hoosegow if I ever published any of their articles again at bubbleinfo.com. Even though I had helped their reporter Zach Fox with a number of his reports, and the NCT themselves were running my blog on their website...
The Phoenix/Maricopa County area is larger than San Diego County (30% more houses and condos) but similar in bubble fever. These are thoughts given at a Phoenix realtor conference, highlighted by the REO count in the middle - excerpted from moderntimesmagazine.com:...
Excerpted from Nick at the wsj.com: Listings of foreclosed properties have fallen in 17 of the last 19 months through July, according to research firm Zelman & Associates. Listings are down 47% from their October 2009 peak and by 23% from one year ago. Banks are...
Excerpted from this AP article: LOS ANGELES -- U.S. homeowners are getting better about keeping up with their mortgage payments, driving the percentage of borrowers who have fallen behind to a three-year low, according to a new report. Some 5.49 percent of the...
MCLEAN, Va., Aug. 8, 2012 -- Freddie Mac released today its U.S. Economic and Housing Market Outlook for August showing why the so-called shadow inventory might not be as foreboding as many thought and an important reason why is the rate at which excess housing is...
From NMN: It has been mind-blowing to find out that lenders and servicers have been offering defaulted borrowers up to $45,000 to work with them in a variation on the old Cash for Keys program. But sessions at the recent SourceMedia Loss Mitigation Conference in...
