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  • April 8, 2008 at 5:14 PM #12372
    davelj
    Participant

    http://www.foreclosureforum.com/stats.html

    Three possible explanations:

    (1) More homeowners are magically finding money to cure their default;
    (2) Loan modifications are kicking in;
    (3) Lenders/servicers are so overloaded that they’re falling behind in issuing Trustee Deeds.

    Since Notices of Default have been flattish for the last couple of months, I suspect it’s a combination of both (2) and (3).

    April 8, 2008 at 6:17 PM #183237
    sdrealtor
    Participant

    You forgot #4.

    Its 2008 already and the bulk of the problem loans were orginated in 2004 and 2005. Two year resets have passed and we will have to wait for the 5 year resets for the next burst.

    April 8, 2008 at 6:17 PM #183249
    sdrealtor
    Participant

    You forgot #4.

    Its 2008 already and the bulk of the problem loans were orginated in 2004 and 2005. Two year resets have passed and we will have to wait for the 5 year resets for the next burst.

    April 8, 2008 at 6:17 PM #183278
    sdrealtor
    Participant

    You forgot #4.

    Its 2008 already and the bulk of the problem loans were orginated in 2004 and 2005. Two year resets have passed and we will have to wait for the 5 year resets for the next burst.

    April 8, 2008 at 6:17 PM #183285
    sdrealtor
    Participant

    You forgot #4.

    Its 2008 already and the bulk of the problem loans were orginated in 2004 and 2005. Two year resets have passed and we will have to wait for the 5 year resets for the next burst.

    April 8, 2008 at 6:17 PM #183290
    sdrealtor
    Participant

    You forgot #4.

    Its 2008 already and the bulk of the problem loans were orginated in 2004 and 2005. Two year resets have passed and we will have to wait for the 5 year resets for the next burst.

    April 8, 2008 at 6:28 PM #183242
    little lady
    Participant

    “(1) More homeowners are magically finding money to cure their default;
    (2) Loan modifications are kicking in;
    (3) Lenders/servicers are so overloaded that they’re falling behind in issuing Trustee Deeds.

    Since Notices of Default have been flattish for the last couple of months, I suspect it’s a combination of both (2) and (3).”

    I thought the same thing in my explorations….I am not sure I poses as factual information as everyone else on this forum and am not as savvy……but I am no slouch….I did sort of time the realestate market…..haven’t bought yet though……..

    A house I was REALLY interested in is STILL not on the market and it foreclosed in OCT. and is sitting empty….

    April 8, 2008 at 6:28 PM #183254
    little lady
    Participant

    “(1) More homeowners are magically finding money to cure their default;
    (2) Loan modifications are kicking in;
    (3) Lenders/servicers are so overloaded that they’re falling behind in issuing Trustee Deeds.

    Since Notices of Default have been flattish for the last couple of months, I suspect it’s a combination of both (2) and (3).”

    I thought the same thing in my explorations….I am not sure I poses as factual information as everyone else on this forum and am not as savvy……but I am no slouch….I did sort of time the realestate market…..haven’t bought yet though……..

    A house I was REALLY interested in is STILL not on the market and it foreclosed in OCT. and is sitting empty….

    April 8, 2008 at 6:28 PM #183296
    little lady
    Participant

    “(1) More homeowners are magically finding money to cure their default;
    (2) Loan modifications are kicking in;
    (3) Lenders/servicers are so overloaded that they’re falling behind in issuing Trustee Deeds.

    Since Notices of Default have been flattish for the last couple of months, I suspect it’s a combination of both (2) and (3).”

    I thought the same thing in my explorations….I am not sure I poses as factual information as everyone else on this forum and am not as savvy……but I am no slouch….I did sort of time the realestate market…..haven’t bought yet though……..

    A house I was REALLY interested in is STILL not on the market and it foreclosed in OCT. and is sitting empty….

    April 8, 2008 at 6:28 PM #183283
    little lady
    Participant

    “(1) More homeowners are magically finding money to cure their default;
    (2) Loan modifications are kicking in;
    (3) Lenders/servicers are so overloaded that they’re falling behind in issuing Trustee Deeds.

    Since Notices of Default have been flattish for the last couple of months, I suspect it’s a combination of both (2) and (3).”

    I thought the same thing in my explorations….I am not sure I poses as factual information as everyone else on this forum and am not as savvy……but I am no slouch….I did sort of time the realestate market…..haven’t bought yet though……..

    A house I was REALLY interested in is STILL not on the market and it foreclosed in OCT. and is sitting empty….

    April 8, 2008 at 6:28 PM #183291
    little lady
    Participant

    “(1) More homeowners are magically finding money to cure their default;
    (2) Loan modifications are kicking in;
    (3) Lenders/servicers are so overloaded that they’re falling behind in issuing Trustee Deeds.

    Since Notices of Default have been flattish for the last couple of months, I suspect it’s a combination of both (2) and (3).”

    I thought the same thing in my explorations….I am not sure I poses as factual information as everyone else on this forum and am not as savvy……but I am no slouch….I did sort of time the realestate market…..haven’t bought yet though……..

    A house I was REALLY interested in is STILL not on the market and it foreclosed in OCT. and is sitting empty….

    April 8, 2008 at 6:31 PM #183295
    jpinpb
    Participant

    Yes. There are MANY houses that banks are not doing anything with. A perfect example right here, some realtor had multiple homes and foreclosures keep getting postponed. I’m sure some of you have already seen the latest BMIT site, but for those who haven’t:

    http://bubbletracking.blogspot.com/2008/02/real-estate-baroness-de-chula-vista.html

    April 8, 2008 at 6:31 PM #183301
    jpinpb
    Participant

    Yes. There are MANY houses that banks are not doing anything with. A perfect example right here, some realtor had multiple homes and foreclosures keep getting postponed. I’m sure some of you have already seen the latest BMIT site, but for those who haven’t:

    http://bubbletracking.blogspot.com/2008/02/real-estate-baroness-de-chula-vista.html

    April 8, 2008 at 6:31 PM #183288
    jpinpb
    Participant

    Yes. There are MANY houses that banks are not doing anything with. A perfect example right here, some realtor had multiple homes and foreclosures keep getting postponed. I’m sure some of you have already seen the latest BMIT site, but for those who haven’t:

    http://bubbletracking.blogspot.com/2008/02/real-estate-baroness-de-chula-vista.html

    April 8, 2008 at 6:31 PM #183259
    jpinpb
    Participant

    Yes. There are MANY houses that banks are not doing anything with. A perfect example right here, some realtor had multiple homes and foreclosures keep getting postponed. I’m sure some of you have already seen the latest BMIT site, but for those who haven’t:

    http://bubbletracking.blogspot.com/2008/02/real-estate-baroness-de-chula-vista.html

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