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San Diego Foreclosure Report
From Sean at www.foreclosureradar.com: Five major lenders made announcements last week that they would be suspending certain foreclosure activities in various states. These lenders included Ally...
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REO Sales to Peak Someday
REO sales will peak when the banks decide to peak them. From HW: The sale of properties repossessed through foreclosure may not peak until 2013, keeping home prices from a meaningful recovery for some...
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No Short-Sale Surge (Yet)
With the tax exemption of debt-relief expiring at the end of the year, we keep thinking that there will be a surge of short-sale listings coming to market. Not only is there NOT a surge of short-sale...
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Not Foreclosing Update
Wouldn’t it make sense for banks to be unloading REOs when all we see are bidding wars everywhere? Initially we thought that the drop-off in foreclosures was because banks were pushing people to short...
View ArticleREOs Winding Down
The counts of local bank-owned properties are not out in the open, and people are wondering - are there loads of REOs waiting to hit the market? Here are the SD County REOs from the tax rolls, compared...
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Distressed-Listings Decline 66%
Why would people list their home as a short-sale? Because their lender is applying pressure to either make payments, short-sale, or be foreclosed. At least that is the old-fashioned way of banking....
View ArticleMore on the GSE Shadow Inventory
Remember this from September? The use of third parties to help Fannie Mae sell its REO properties is coming to an end. Fannie Mae notified remaining vendors that the government-sponsored enterprise...
View ArticleNSDCC Distressed Market – 2014
After seeing Bernanke holding the smoking gun on Monday (where he said that he told banks to not disrupt the economy with their REOs), did you give up hope getting a deal on a distressed sale? If not,...
View ArticleREO Listings Skyrocket
I hope the headline porn grabbed you! REO listings have increased lately around NSDCC, though they are still a small fraction of the overall marketplace (there have been 2,238 detached-home sales...
View ArticleSD Foreclosures Next 12 Months
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...
View ArticleSan Diego Foreclosure Report
From Sean at www.foreclosureradar.com: Five major lenders made announcements last week that they would be suspending certain foreclosure activities in various states. These lenders included Ally...
View ArticleREO Sales to Peak Someday
REO sales will peak when the banks decide to peak them. From HW: The sale of properties repossessed through foreclosure may not peak until 2013, keeping home prices from a meaningful recovery for some...
View ArticleNo Short-Sale Surge (Yet)
With the tax exemption of debt-relief expiring at the end of the year, we keep thinking that there will be a surge of short-sale listings coming to market. Not only is there NOT a surge of short-sale...
View ArticleNot Foreclosing Update
Wouldn’t it make sense for banks to be unloading REOs when all we see are bidding wars everywhere? Initially we thought that the drop-off in foreclosures was because banks were pushing people to short...
View ArticleREOs Winding Down
The counts of local bank-owned properties are not out in the open, and people are wondering – are there loads of REOs waiting to hit the market? Here are the SD County REOs from the tax rolls, compared...
View Article