- This topic has 4 replies, 4 voices, and was last updated 17 years, 4 months ago by sdrealtor.
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May 14, 2007 at 10:34 PM #9082May 14, 2007 at 10:45 PM #52851waiting hawkParticipant
Here are some links I view often (I remember when they didnt have more than 5 foreclosures on any of these sites early 2006)
http://www.countrywide.com/purchase/f_reo.asp
http://www.downeysavings.com/ffs/properties
http://www.ocwen.com/reo/residential/res_reofindbystate.cfm?CFID=4252151&CFTOKEN=49130540
May 15, 2007 at 12:42 AM #52864temeculaguyParticipantforeclosure.com lists 90 NOD’s that listed new during the last 9 days for Murrieta and 35 for Temecula. I ran some S.D. cities for comparison, Carlsbad-11, Oceanside-35, Esco-25, San Marcos-16, Vista-14.
Canary in a coal mine or is it possibly related to that big R.E. scam that involved possibly hundreds of murrieta homes. I thought that the scam was more than a few months ago, you’d think they would be getting close to foreclosure sale by now and not just getting their NOD’s, plus foreclosure.com lists the name of the owner and I didn’t see obvious duplicates. With and average of ten notices of default per day in a city of 90k, how long until there is blood in the streets. I don’t know the percentages of defaults to NOD’s but my guess is that it will close in on half because selling out or refi out just got significantly harder, that’s 5 per day in Murrieta hitting the courthouse steps by the time football season starts. It’s possible the other thread about DR horton in Murrieta slashing prices 20% is the result of someone at DR horton that saw this same info and is trying to get out of town while they can.
May 15, 2007 at 1:05 PM #5291723109VCParticipantis this an excessive number of NODs for the area?
if this is the tip of the iceberg… uh oh…
May 15, 2007 at 1:35 PM #52926sdrealtorParticipantwaiting hawk
thanks for all the great links. they are now added to my IE faves. -
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