The amount of properties being foreclosed is still lower than the last two summers: Jun-Aug Back-to-Bene 3rd-Party Buys Total # of SD properties foreclosed 2008 5,685 186 5,871 2009 3,284 916 4,200 2010 2,211 901 3,112 But at least the recent trend is heading in the...
The August foreclosure stats, plus examples of houses that went back-to-bene last week:
From the latimes.com, and featured at CR: http://www.latimes.com/business/realestate/la-fi-luxury-foreclosures-20100829,0,479624,full.story "The number of homes in the $1-million-and-up market that have become bank owned has tripled during the last three years in Los...
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...
Mary asked, "How many SD foreclosures have there been over the last three years?" Trustee Sales 2007 2008 2009 2010 REO 7,859 (22/day) 17,894 (49/day) 11,760 (32/day) 2,097 (30/day) 3rd Party 399 (1/day) 593 (2/day) 2,749 (8/day) 865 (12/day) Totals 8,258 (23/day)...
It looks like servicers are coasting into the HAFA/short-sale era, which officially begins April 5th. Here are the foreclosure stats from the last 12 weeks: My guess? The HAFA package will encourage borrowers to pick a lane - either loan modification or short-sale. ...
Kelly at the Voice of SD reviews the current market conditions in the San Diego real estate market at this link, here's an excerpt: There were 9,243 active homes and condos for sale on the Multiple Listing Service on Tuesday, according to Klinge. That number pales...
