[quote=SD Realtor]
tg – merriman for seymor straight up.[/quote]
Deal!!!
I just read the linked article, I have to serve myself a plate of crow, that was from a “pay to see the data” website and it was full of indisputable facts with cited sources. I’m hard on the paysites but this is a first, maybe they are trying to put some distance between themselves and the competition, who knows what their angle is, I always have my suspicions about pay sites, but crow for dinner it is, never thought I’d say it.
They also defined shadow as bank owned held vacant, which is what I consider it. They also reported an increasing number of cancellations and third party sales (however they didn’t say if it was shorts, so I assume it’s just courthouse steps sales, I’d love to know what percentage of nod are selling as shorts), step sales to investors and cancellations is what SD and others have been reporting. The confirmed what rt.66 and a few others have been touting with regards to increasing nods, but then also reported that loans made after Aug 2007 (when the rules about qualifying for loans came in) those properties are not going into default nearly as much, the drop off matches the rule change, regardless of fha. They put a nice little ring around the danger zone (05 and 06 pruchases, +/-) and then broke it all out buy county. There was something for everyone in that, while it didn’t predict calamity, it didn’t smell of roses either, it just threw down some facts, I like it, more please.
The owner of that website has posted here a few times, if he sees this, pass the salt, this crow tastes like crap, but eat it i will.
