Belive it when I see it. I am sure the roving bands "Highest & Best Clubs" will be excited. It means more new fresh dumps to scavenge. More bank games. Oh well, carry on.
Submitted by barnaby33 on August 12, 2009 - 10:38am.
Nope not even an asshole like me.
Paramount, if you are such a loser that you need to call me an asshole, at least spell out the word. Its like saying "cheese-n-rice," it just makes you look more pathetic.
Submitted by temeculaguy on August 12, 2009 - 11:06am.
Ok, I read the whole article and the graphs below it, and there is a contraditction between the headline and the data. Look at the data by county near the bottom and the comparisons with last month and last year, almost all of the major counties in so cal are down. The only counties with monthly or YOY increases are Mono, Plumas, San Luis Obispo, Kings, Siskyou, and San Francisco. The narrative also mentioned flat NODS, increased NOTs but decreased Sales back to the bank, which makes me think that loan mods and short sales are taking a bite, that is the real story. None of it supported the headline and it read more like a commercial for the website than a news article.
Just Break it down, an inflamitory headline, little supportive documentation and the phrase "Foreclosureradar, the only website that tracks every California foreclosure and provides daily auction updates" in the first sentence.
Seriously, the owner of the website has posted here before, Sean needs to respond to my mild and friendly accusation that this is more of an advertisement than a news story.
Submitted by beanmaestro on August 12, 2009 - 11:29am.
I was confused by that until I studied the table.
I read that the "number of people per foreclosure" is down, usually by ~50%. That is to say, the number of people stayed constant, and foreclosures doubled.
"new Notices of Trustee Sale minus those sales that have cancelled or sold – rose to a record level of 124,874, nearly double the levels
reached during the foreclosure peak last year"
************************************
I'm not defending the headline, but based on statewide numbers and delays caused by the moratorium, there seems to be a disconnect between what should go to FC and what is actually getting there. Somebody has to track it, and I think that they do a fair job...
The narrative also mentioned flat NODS, increased NOTs but decreased Sales back to the bank, which makes me think that loan mods and short sales are taking a bite, that is the real story.
TG,
I am willing to offer an alternative idea on the NTS's not going to the bank, other than the Modificatons/ short sales are doing the job. Short sales are surly having an effect, I just dont know if it as big as what we see in the graphs.
Banks arent making the final step and foreclosing. Not because they are modifing/selling anything, they just dont want the house. In a market like the one we just went through, are still in, will prob still be in next year, can you blaim them?
Wont help much if they are all in the inbred empire, but hey the more the merrier.
Josh
Belive it when I see it. I am sure the roving bands "Highest & Best Clubs" will be excited. It means more new fresh dumps to scavenge. More bank games. Oh well, carry on.
Josh
You mean it wouldn't even help an a-hole like you?
Nope not even an asshole like me.
Paramount, if you are such a loser that you need to call me an asshole, at least spell out the word. Its like saying "cheese-n-rice," it just makes you look more pathetic.
Ok, I read the whole article and the graphs below it, and there is a contraditction between the headline and the data. Look at the data by county near the bottom and the comparisons with last month and last year, almost all of the major counties in so cal are down. The only counties with monthly or YOY increases are Mono, Plumas, San Luis Obispo, Kings, Siskyou, and San Francisco. The narrative also mentioned flat NODS, increased NOTs but decreased Sales back to the bank, which makes me think that loan mods and short sales are taking a bite, that is the real story. None of it supported the headline and it read more like a commercial for the website than a news article.
Just Break it down, an inflamitory headline, little supportive documentation and the phrase "Foreclosureradar, the only website that tracks every California foreclosure and provides daily auction updates" in the first sentence.
Seriously, the owner of the website has posted here before, Sean needs to respond to my mild and friendly accusation that this is more of an advertisement than a news story.
I was confused by that until I studied the table.
I read that the "number of people per foreclosure" is down, usually by ~50%. That is to say, the number of people stayed constant, and foreclosures doubled.
"new Notices of Trustee Sale minus those sales that have cancelled or sold – rose to a record level of 124,874, nearly double the levels
reached during the foreclosure peak last year"
************************************
I'm not defending the headline, but based on statewide numbers and delays caused by the moratorium, there seems to be a disconnect between what should go to FC and what is actually getting there. Somebody has to track it, and I think that they do a fair job...
TG,
I am willing to offer an alternative idea on the NTS's not going to the bank, other than the Modificatons/ short sales are doing the job. Short sales are surly having an effect, I just dont know if it as big as what we see in the graphs.
Banks arent making the final step and foreclosing. Not because they are modifing/selling anything, they just dont want the house. In a market like the one we just went through, are still in, will prob still be in next year, can you blaim them?