I respect that Bugs and sdrealtor do not disclose their client confidential information. However, I took no such professional oath. I respect your compassion for these homeowners, but you cannot save them from the embarassment they are going to feel over their foreclosure and bankruptcies. I did not appreciate the “armchair analysis” comment from SDAppraiser; what is his problem with the analysis? I would think he would be upset with the incorrect data, rather than the person who looked it up.
balasr is in his right to post this information. Unlike me, he did not disclose full addresses or names. I find his and ocrenter’s posts interesting. I would post this same information.
I appreciate property information like this, because it helps me track the market. As I wrote before, if this information were available in the newspaper I wouldn’t need to snoop. Imagine the U-T, or Bugs or sdr giving us data (leaving out names and addresses) of the percentage of sellers that are underwater, the % of foreclosures, the borrowers who cannot meet their mortgage obligations. Then I wouldn’t need to snoop. I don’t expect you to prepare these reports for us, so the only way that folks outside the RE industry can see the market in action, is via foreclosure databases and ziprealty.com.
Homeowners with NODs know their status is public, and that NODs are published in local papers, scoured by foreclosure investors, and possibly their neighbors and friends. I would try my hardest to bring up the payments or sell the house to avoid the obvious consequences of default, and potential embarassment if people finding out.
I would like to know why the realtors and appraiser are protective of the sellers in trouble. We should spread this out for everyone to see, so people can learn and not make the same mistakes. This should be used to help other people, not hidden from the world, Please, I beg you, spread the word on these people. Personal stories are so much more powerful than charts or surveys.
