thanks. That’s all I was curious about. Sounds like you’re looking for indicators that the property is headed for default of the loan. Which suggests to me that the deals are short sales. But it’s also occured to me that lenders may avoid paying property tax after they’ve taken the property. So you could get an idea of an REO before the lender has taken any action on it. Kinda like seeing into the shadow inventory.
15% at 4 times a year annualizes out at roughly 60%. Nice work.
For all the people out there that are wondering about the better areas of SD County and whether or not the zip code they’re interested in is showing any signs of weakness….tax roll data could prove to be a very useful indicator as to future problems and opportunities. Getting lender data real-time is all but impossible, but county tax records are a different story. Smart!!!
