Someone asked, "JtR, why do you keep posting stories about the can-kicking programs being employed by the government?" The answer is because the media and government keep insisting that we can't handle a flood of foreclosures, and that together, they'll do whatever is...
In August we saw a spike in NODs, mostly due to Bank of America's increased output. It was mentioned here that last month's NODs appeared to be slowing. But I just figured out that the NOD reporting by foreclosureradar.com runs about 10 days behind - even though they...
Yesterday's graphs from foreclosureradar weren't the most recent; but these are the latest available. I think we'll see an increase in NODs for the 3Q11 - those totals should be out soon: The banks are giving plenty of latitude these days: The cancellations look like...
Hat tip to those who sent in this article from YahooFinance, but scroll down to see local impact: As the foreclosure backlog continues to build up, delinquent borrowers are spending even more time in their homes without making mortgage payments. Once borrowers start...
With the MSM still peppering us about the size of the shadow inventory, Ed asked today for a summary of the local SFR backlog of defaulters. Included on the right side is the total number of detached MLS sales over the last 12 months so you can gauge how many years it...
Hat tip to SM for sending this along, from Yahoo.com: It's no secret that Bank of America wants to put its mortgage-related woes behind it. But it appears that a key $8.5 billion settlement with large investors is playing a role in pushing many more people into...
The mainstream media and blogs were buzzing this week about the big increase in BofA's NOD filings last month. Let's examine the local NOD and NOTS counts to see if the foreclosure waters are rising. These are the monthly totals of notices/sales for all property types...
Whatever happened to investigative reporting? Today's story on cnbc.com about rising delinquencies includes the same lightweight quotes from another ivory-tower guy, and if you just read the headline it sounds like the sky is falling again. In the text it says that...
ocerenter noted two posts ago - could the foreclosure crisis be turning a corner? I join in his skepticism, due to the numerous ways the data can be manipulated - primarily, we'll never know how many defaulters are not being foreclosed. The bankers can just let...
Town or Area Dec '09 Sept '10 Today Cardiff 21 23 17 Carlsbad 204 161 176 Carmel Valley 43 40 45 Del Mar 14 11 19 Encinitas 98 69 60 La Jolla 53 29 33 RSF 21 22 16 Solana Beach 15 19 22 NSDCo.Coastal 469 374...
