Hat tip to daytrip for sending this along, from the latimes.com: Reporting from New York—Slips of paper are pasted to the broken door of the corner row house, violations for the garbage piled near the front steps. The stench of trash wafts up the dark interior...
There were 127 SFRs on the A-list in North SD County Coastal last week; here are the results: Scheduled NSDCC SFR Trustee sales, Nov 28th - Dec 2nd: Trustee-Sale Results Number Listed on MLS in last year Back-to-bene 6 2 3rd-party buy 2 0 Cancelled 15 5 Postponed 104...
We thought the August blip of increased NOD filings might be a one-time event, but it looks like the servicers are keeping up the pace. Hopefully it'll translate into more trustee sales: Unfortunately, we know that a surge of NODs and about $4 will get you a cup of...
More from C-L on the delinquent mortgages - can we work our way out of this? We are hitting the peak months of resets/recasts, yet delinquencies are dropping? The banks/servicers must be working feverishly to reset/recast the expected $1.6 trillion in ARMs, or just...
Thanks to SM for sending this in - click on image for clarity:
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...
There are many different pieces to the puzzle, here are a few more. Jiji has posted this thought a couple of times: Housing is broken, Agents , insurance, remodelers , landscapers, finance, escrow, builders etc… the list goes on and on. What must never be said, YOU...
From HW: Although the drop in default rates shows promise, the amount of shadow inventory still creates a dark loom over the future of housing prices, according to latest results from Standard & Poor's U.S. Residential Performance Index. The shadow inventory of...
Four posts back was the article about principal reductions - below is the response from Irvine Renter, or click here to his blog: To give the hopeless a reason not to strategically default, several banks have singled out a few deeply underwater loan owners for...
From HW: The trend of borrowers choosing to default on their mortgage when they otherwise might have been able to afford payments is on the decline, JPMorgan Chase analysts said Monday. Definitions for what qualifies as a strategic default varies. But analysts took a...
