The poll results ran about 3 to 1 in favor of trickle, but I think we can agree that a flood is certainly possible. All it would take is: 1. Citizens revolt, resulting in a political uprising that turns off the backstop, or 2. One of the servicers who also owns a...
CR is covering the news better than ever, but for those who may have missed this week's latest reports on the so-called 'shadow inventory', here are two articles (hat tip to MM for sending both!) http://online.wsj.com/article/SB125366552480532521.html...
There is a clamoring for "deals". Over the last twelve weeks there have been 785 trustee sales where a bidder purchased the property, rather than it go "back-to-bene". There were probably a few of the 785 that were bought by an owner-user, but we can probably guess...
Thanks to SJ for sending this along, authored by Sean at foreclosureradar: http://www.foreclosuretruth.com/blog/sean/waiting-catch-wave-surge-reo-listings-unlikely Sean: For a number months now I've been telling reporters and others that I didn't think we would see...
I took part in the North SD County Association of Realtors meeting this morning, entitled: "How Your Brokerage Can Survive in Today's Economy" It was at Jake's Del Mar and included a free breakfast, so I thought I'd participate for once, to see if there was any hope. ...
Why is the foreclosure/short-sale/loan mod process all mucked up? From the N.Y. Times: http://www.nytimes.com/2009/07/30/business/30services.html?_r=1 “For many subprime servicers, late fees alone constitute a significant fraction of their total income and profit,”...
About a month ago (June 14th) we featured a video of REOs not on the open market yet: http://www.youtube.com/watch?v=sEb3TtG7DDs They had been foreclosed earlier in the year, and that tour revealed a few reasons why they had not hit the market yet - still occupied,...
Are there a bulk of bank-owneds that are being held off the market? A review of the tax rolls looking for detached homes owned by Countrywide, Cwabs, Bank of America, Bank of New York, US Bank, Deutsche Bank, Wells Fargo, Downey, and First Franklin found that there...
From the North County Times: For the first time since home prices started diving three years ago, the median price for a house in North County showed a meaningful uptick in April, a sign the region's housing market might be transitioning toward stability. To be sure,...
From Mish, click here for more details: Link to Mish's site with details
