sdrealtor: ForeclosureRadar.com is the best source I have found for NOD/NOT’s (recommend it over Foreclosure.com for it’s better u/i). Jim the Realtor easily found them as well, so I’m not sure why you are having trouble. It is clearly highly accurate, as you can see the full public record (i.e. names, loan amts…everything)
Sorry asianautica, but this is beyond what has ever been seen in CV, and the difference recently is that the NOD’s are in “PRIME” developments. Currently there are active NOD’s in: Meadows Del Mar, Private Collection, Promontory, Vista Santa Barabara, Santa Barbara, Monte Claire, Triple Crown, Steeplechase, Collins Ranch, Santa Rosa, among others. All scheduled for future auction on the courthouse steps. Now, not all of these will actually be foreclosed on, but a high percentage will. I could throw the addresses of these properties up here right now, but if your really curious, get a trial to ForeclosureRadar and see for yourself. It is easy to do.
I am really tired of the “but, but, but” (i.e. but, but 54 are attached, but, but there were strong Pendings last month, but, but CV is great….). Be clear, I’m not cheerleading what is happening, I’m simply telling it like it is. I’m tired of the sugar-coating, I’m tired of the Realtor industry gloming onto a single positive stat and then cheerleading and grandstanding it to death without informing people of the big picture. I’m tired of the RE industry pulling the wool over everyone’s eyes.
For the record: I do agree with sdrealtor and SD Realtor that buying right now is a purely personal decision and that there are ALWAYS going to be people deciding to pull the trigger for a myriad of reasons, no matter the market conditions and how poor the outlook. It’s emotional. You can’t argue that, but while a personal decision to buy now may be the right decision for an individual, it doesn’t mean it was a smart decision financially, or free from significant risk.
