BofA is going to start dumping properties

[Arraya]

[quote=outtamojo]Housing defaults trending downward http://www.signonsandiego.com/news/2010/apr/21/housing-defaults-trending-downward/

“…On a month-to-month basis, San Diego defaults and foreclosures were up from February, but they have declined in eight of the last 12 months. The March total for notices of default was 2,263, compared with 2,166 in February and 3,832 in March 2009….”[/quote]

Of course those stats have nothing to do with improving market conditions rather not counting them.

The delinquency rate for over 2 months late just hit an all time high in SD. It’s 10% of all mortgage holders.

[CA renter]

[quote=Arraya][quote=outtamojo]Housing defaults trending downward http://www.signonsandiego.com/news/2010/apr/21/housing-defaults-trending-downward/

“…On a month-to-month basis, San Diego defaults and foreclosures were up from February, but they have declined in eight of the last 12 months. The March total for notices of default was 2,263, compared with 2,166 in February and 3,832 in March 2009….”[/quote]

Of course those stats have nothing to do with improving market conditions rather not counting them.

The delinquency rate for over 2 months late just hit an all time high in SD. It’s 10% of all mortgage holders.[/quote]

Right, when you refuse to foreclose on the deadbeats, is it any wonder “foreclosure stats” are down? Who do they think they are fooling with this hogwash?

[CA renter]

[quote=Arraya][quote=outtamojo]Housing defaults trending downward http://www.signonsandiego.com/news/2010/apr/21/housing-defaults-trending-downward/

“…On a month-to-month basis, San Diego defaults and foreclosures were up from February, but they have declined in eight of the last 12 months. The March total for notices of default was 2,263, compared with 2,166 in February and 3,832 in March 2009….”[/quote]

Of course those stats have nothing to do with improving market conditions rather not counting them.

The delinquency rate for over 2 months late just hit an all time high in SD. It’s 10% of all mortgage holders.[/quote]

Right, when you refuse to foreclose on the deadbeats, is it any wonder “foreclosure stats” are down? Who do they think they are fooling with this hogwash?

[CA renter]

[quote=Arraya][quote=outtamojo]Housing defaults trending downward http://www.signonsandiego.com/news/2010/apr/21/housing-defaults-trending-downward/

“…On a month-to-month basis, San Diego defaults and foreclosures were up from February, but they have declined in eight of the last 12 months. The March total for notices of default was 2,263, compared with 2,166 in February and 3,832 in March 2009….”[/quote]

Of course those stats have nothing to do with improving market conditions rather not counting them.

The delinquency rate for over 2 months late just hit an all time high in SD. It’s 10% of all mortgage holders.[/quote]

Right, when you refuse to foreclose on the deadbeats, is it any wonder “foreclosure stats” are down? Who do they think they are fooling with this hogwash?

[CA renter]

[quote=Arraya][quote=outtamojo]Housing defaults trending downward http://www.signonsandiego.com/news/2010/apr/21/housing-defaults-trending-downward/

“…On a month-to-month basis, San Diego defaults and foreclosures were up from February, but they have declined in eight of the last 12 months. The March total for notices of default was 2,263, compared with 2,166 in February and 3,832 in March 2009….”[/quote]

Of course those stats have nothing to do with improving market conditions rather not counting them.

The delinquency rate for over 2 months late just hit an all time high in SD. It’s 10% of all mortgage holders.[/quote]

Right, when you refuse to foreclose on the deadbeats, is it any wonder “foreclosure stats” are down? Who do they think they are fooling with this hogwash?

[CA renter]

[quote=Arraya][quote=outtamojo]Housing defaults trending downward http://www.signonsandiego.com/news/2010/apr/21/housing-defaults-trending-downward/

“…On a month-to-month basis, San Diego defaults and foreclosures were up from February, but they have declined in eight of the last 12 months. The March total for notices of default was 2,263, compared with 2,166 in February and 3,832 in March 2009….”[/quote]

Of course those stats have nothing to do with improving market conditions rather not counting them.

The delinquency rate for over 2 months late just hit an all time high in SD. It’s 10% of all mortgage holders.[/quote]

Right, when you refuse to foreclose on the deadbeats, is it any wonder “foreclosure stats” are down? Who do they think they are fooling with this hogwash?

[sdrealtor]

It makes sense to me that the numbers are down. The first to fall were the weakest who bought in outlying areas with NINJA loans and most of the deals in those areas were thus. At the first sign of trouble they walked and values plummeted leading others to walk.

Now we are dealing in the better areas to a larger degree than before. In these areas, people have options, savings, family and the potential to actually earn enough to pay their mortgage if modified. I’ve been saying it for a long time. The easy work in this downcycle is done and its going to be a slow bleed ffrom here on out.

[sdrealtor]

It makes sense to me that the numbers are down. The first to fall were the weakest who bought in outlying areas with NINJA loans and most of the deals in those areas were thus. At the first sign of trouble they walked and values plummeted leading others to walk.

Now we are dealing in the better areas to a larger degree than before. In these areas, people have options, savings, family and the potential to actually earn enough to pay their mortgage if modified. I’ve been saying it for a long time. The easy work in this downcycle is done and its going to be a slow bleed ffrom here on out.

[sdrealtor]

It makes sense to me that the numbers are down. The first to fall were the weakest who bought in outlying areas with NINJA loans and most of the deals in those areas were thus. At the first sign of trouble they walked and values plummeted leading others to walk.

Now we are dealing in the better areas to a larger degree than before. In these areas, people have options, savings, family and the potential to actually earn enough to pay their mortgage if modified. I’ve been saying it for a long time. The easy work in this downcycle is done and its going to be a slow bleed ffrom here on out.

[sdrealtor]

It makes sense to me that the numbers are down. The first to fall were the weakest who bought in outlying areas with NINJA loans and most of the deals in those areas were thus. At the first sign of trouble they walked and values plummeted leading others to walk.

Now we are dealing in the better areas to a larger degree than before. In these areas, people have options, savings, family and the potential to actually earn enough to pay their mortgage if modified. I’ve been saying it for a long time. The easy work in this downcycle is done and its going to be a slow bleed ffrom here on out.

[sdrealtor]

It makes sense to me that the numbers are down. The first to fall were the weakest who bought in outlying areas with NINJA loans and most of the deals in those areas were thus. At the first sign of trouble they walked and values plummeted leading others to walk.

Now we are dealing in the better areas to a larger degree than before. In these areas, people have options, savings, family and the potential to actually earn enough to pay their mortgage if modified. I’ve been saying it for a long time. The easy work in this downcycle is done and its going to be a slow bleed ffrom here on out.

[Anonymous]

These auction notices mean D&%K.

I just bought a home through a short sale from BAC and they had already sent 4 auction notices in the last 6 months. In fact, they sent an auction notice after approving the Short Sale as I was in escrow last month.

[Anonymous]

These auction notices mean D&%K.

I just bought a home through a short sale from BAC and they had already sent 4 auction notices in the last 6 months. In fact, they sent an auction notice after approving the Short Sale as I was in escrow last month.

[Anonymous]

These auction notices mean D&%K.

I just bought a home through a short sale from BAC and they had already sent 4 auction notices in the last 6 months. In fact, they sent an auction notice after approving the Short Sale as I was in escrow last month.

[Anonymous]

These auction notices mean D&%K.

I just bought a home through a short sale from BAC and they had already sent 4 auction notices in the last 6 months. In fact, they sent an auction notice after approving the Short Sale as I was in escrow last month.

[Author]

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