Foreclosures coming soon to a neighborhood near you…?

[peterb]

April, May and June…then the moratorium stops the hemmoraging. Should be interesting to see how many actually hit the market. I guess the telling tale will be the number of NOT’s on the courthouse steps. If MM is right, that number should be quite large.

[poorsaver]

Chicobeaks, you’re right that there isn’t much to do in Diamond Bar, however it is very centrally located for my job with great access to LA, OC, SB and RIV counties via nearby crisscrossing freeways. I’m a field service engineer which requires me to travel all over the damn place. What pisses me off is how the home prices refuse to go down here due to lack of foreclosures. I just looked on Redfin, and they list all of 4 foreclosures on the market for a city of 58,000. I live in a gated community of about 700 homes, and there is one foreclosed vacant lot only. There is only one home listed for under 1 million. People are still asking 2006 prices. It’s very frustrating to me, since I sold my home in late 2005, and have been renting ever since. Patience is truly a virtue.

[poorsaver]

Chicobeaks, you’re right that there isn’t much to do in Diamond Bar, however it is very centrally located for my job with great access to LA, OC, SB and RIV counties via nearby crisscrossing freeways. I’m a field service engineer which requires me to travel all over the damn place. What pisses me off is how the home prices refuse to go down here due to lack of foreclosures. I just looked on Redfin, and they list all of 4 foreclosures on the market for a city of 58,000. I live in a gated community of about 700 homes, and there is one foreclosed vacant lot only. There is only one home listed for under 1 million. People are still asking 2006 prices. It’s very frustrating to me, since I sold my home in late 2005, and have been renting ever since. Patience is truly a virtue.

[poorsaver]

Chicobeaks, you’re right that there isn’t much to do in Diamond Bar, however it is very centrally located for my job with great access to LA, OC, SB and RIV counties via nearby crisscrossing freeways. I’m a field service engineer which requires me to travel all over the damn place. What pisses me off is how the home prices refuse to go down here due to lack of foreclosures. I just looked on Redfin, and they list all of 4 foreclosures on the market for a city of 58,000. I live in a gated community of about 700 homes, and there is one foreclosed vacant lot only. There is only one home listed for under 1 million. People are still asking 2006 prices. It’s very frustrating to me, since I sold my home in late 2005, and have been renting ever since. Patience is truly a virtue.

[poorsaver]

Chicobeaks, you’re right that there isn’t much to do in Diamond Bar, however it is very centrally located for my job with great access to LA, OC, SB and RIV counties via nearby crisscrossing freeways. I’m a field service engineer which requires me to travel all over the damn place. What pisses me off is how the home prices refuse to go down here due to lack of foreclosures. I just looked on Redfin, and they list all of 4 foreclosures on the market for a city of 58,000. I live in a gated community of about 700 homes, and there is one foreclosed vacant lot only. There is only one home listed for under 1 million. People are still asking 2006 prices. It’s very frustrating to me, since I sold my home in late 2005, and have been renting ever since. Patience is truly a virtue.

[poorsaver]

Chicobeaks, you’re right that there isn’t much to do in Diamond Bar, however it is very centrally located for my job with great access to LA, OC, SB and RIV counties via nearby crisscrossing freeways. I’m a field service engineer which requires me to travel all over the damn place. What pisses me off is how the home prices refuse to go down here due to lack of foreclosures. I just looked on Redfin, and they list all of 4 foreclosures on the market for a city of 58,000. I live in a gated community of about 700 homes, and there is one foreclosed vacant lot only. There is only one home listed for under 1 million. People are still asking 2006 prices. It’s very frustrating to me, since I sold my home in late 2005, and have been renting ever since. Patience is truly a virtue.

[SD Realtor]

Pretty pathetic that we are all reduced to guessing how distorted the market will be due to intervention.

[SD Realtor]

Pretty pathetic that we are all reduced to guessing how distorted the market will be due to intervention.

[SD Realtor]

Pretty pathetic that we are all reduced to guessing how distorted the market will be due to intervention.

[SD Realtor]

Pretty pathetic that we are all reduced to guessing how distorted the market will be due to intervention.

[SD Realtor]

Pretty pathetic that we are all reduced to guessing how distorted the market will be due to intervention.

[jpinpb]

Ok. That’s true that the bill won’t commence until June. Guess we’ll have to wait and see what happens. I can say that many of the NODs that I noted in January have foreclosure dates scheduled in April/May. The ones in December I’ve seen now listed for sale bank owned.

So banks seem to be moving quicker at least in that respect. Though as I’ve stated on other threads MANY of these places were not even listed for sale, attempting short sale. I don’t know if that’s a factor.

[jpinpb]

Ok. That’s true that the bill won’t commence until June. Guess we’ll have to wait and see what happens. I can say that many of the NODs that I noted in January have foreclosure dates scheduled in April/May. The ones in December I’ve seen now listed for sale bank owned.

So banks seem to be moving quicker at least in that respect. Though as I’ve stated on other threads MANY of these places were not even listed for sale, attempting short sale. I don’t know if that’s a factor.

[jpinpb]

Ok. That’s true that the bill won’t commence until June. Guess we’ll have to wait and see what happens. I can say that many of the NODs that I noted in January have foreclosure dates scheduled in April/May. The ones in December I’ve seen now listed for sale bank owned.

So banks seem to be moving quicker at least in that respect. Though as I’ve stated on other threads MANY of these places were not even listed for sale, attempting short sale. I don’t know if that’s a factor.

[jpinpb]

Ok. That’s true that the bill won’t commence until June. Guess we’ll have to wait and see what happens. I can say that many of the NODs that I noted in January have foreclosure dates scheduled in April/May. The ones in December I’ve seen now listed for sale bank owned.

So banks seem to be moving quicker at least in that respect. Though as I’ve stated on other threads MANY of these places were not even listed for sale, attempting short sale. I don’t know if that’s a factor.

[Author]

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