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  • March 30, 2010 at 2:01 PM #17286
    Arraya
    Participant

    http://www.irvinehousingblog.com/blog/comments/bank-of-america-to-increase-foreclosure-rate-by-600-in-2010/?source=patrick.net

    A 600% increase in foreclosures
    I attended a local Building Industry Association conference on Friday 26 March 2010. The west coast manager of real estate owned, Senior Vice President Ken Gaitan, stated that Bank of America, which currently forecloses on 7,500 homes a month nationally, will increase that number to 45,000 homes per month by December of 2010.

    After his surprising statement, two questioners from the audience asked questions to verify the numbers.

    Bank of America is projecting a 600% increase in its already large number of monthly foreclosures.

    March 30, 2010 at 3:10 PM #533303
    sdrealtor
    Participant

    Lets get that party started! With inventory as constrained as it is that could almost double the number of REO listings in our market. We need them and this market would swallow them all whole.

    March 30, 2010 at 3:10 PM #533433
    sdrealtor
    Participant

    Lets get that party started! With inventory as constrained as it is that could almost double the number of REO listings in our market. We need them and this market would swallow them all whole.

    March 30, 2010 at 3:10 PM #533882
    sdrealtor
    Participant

    Lets get that party started! With inventory as constrained as it is that could almost double the number of REO listings in our market. We need them and this market would swallow them all whole.

    March 30, 2010 at 3:10 PM #533978
    sdrealtor
    Participant

    Lets get that party started! With inventory as constrained as it is that could almost double the number of REO listings in our market. We need them and this market would swallow them all whole.

    March 30, 2010 at 3:10 PM #534240
    sdrealtor
    Participant

    Lets get that party started! With inventory as constrained as it is that could almost double the number of REO listings in our market. We need them and this market would swallow them all whole.

    March 30, 2010 at 3:16 PM #533313
    an
    Participant

    Cool, so this time next year, we should finally see the tsunami.

    March 30, 2010 at 3:16 PM #533444
    an
    Participant

    Cool, so this time next year, we should finally see the tsunami.

    March 30, 2010 at 3:16 PM #533892
    an
    Participant

    Cool, so this time next year, we should finally see the tsunami.

    March 30, 2010 at 3:16 PM #533988
    an
    Participant

    Cool, so this time next year, we should finally see the tsunami.

    March 30, 2010 at 3:16 PM #534250
    an
    Participant

    Cool, so this time next year, we should finally see the tsunami.

    March 30, 2010 at 3:24 PM #533323
    jpinpb
    Participant

    Hmmm. Maybe I shouldn’t sign any escrow papers just yet.

    March 30, 2010 at 3:24 PM #533454
    jpinpb
    Participant

    Hmmm. Maybe I shouldn’t sign any escrow papers just yet.

    March 30, 2010 at 3:24 PM #533902
    jpinpb
    Participant

    Hmmm. Maybe I shouldn’t sign any escrow papers just yet.

    March 30, 2010 at 3:24 PM #533998
    jpinpb
    Participant

    Hmmm. Maybe I shouldn’t sign any escrow papers just yet.

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