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  • August 21, 2007 at 4:06 PM #79017
    SD Realtor
    Participant

    Gotcha –

    It will be interesting to see how long the trend line stays exponential. I am still bummed about the locales of the homes… For instance at the REDC auction just about every home was in a POS area…not really what I want. I do see a few of them in nicer areas and I think it was you or 4plex who posted the 92037 foreclosures as well…

    They are coming….

    SD Realtor

    August 21, 2007 at 4:13 PM #78874
    Ex-SD
    Participant

    The foreclosed homes in the better areas have to start showing up soon at prices that will move them quickly. The lenders (like Countrywide) need cash………and a lot of it. The homes that they’re sitting on and will be owning soon represent a lot of liquid $$$$$$$ to them.

    August 21, 2007 at 4:13 PM #79003
    Ex-SD
    Participant

    The foreclosed homes in the better areas have to start showing up soon at prices that will move them quickly. The lenders (like Countrywide) need cash………and a lot of it. The homes that they’re sitting on and will be owning soon represent a lot of liquid $$$$$$$ to them.

    August 21, 2007 at 4:13 PM #79023
    Ex-SD
    Participant

    The foreclosed homes in the better areas have to start showing up soon at prices that will move them quickly. The lenders (like Countrywide) need cash………and a lot of it. The homes that they’re sitting on and will be owning soon represent a lot of liquid $$$$$$$ to them.

    August 21, 2007 at 4:16 PM #78877
    no_such_reality
    Participant

    That’s my thought and reason for the graphs. We’re currently going up exponentially. Which is easy in the beginning, but we’re above last downturns peaks already and the credit crunch just hit last week.

    In essence, looking at the graphs, does anybody want to put some projections on where the NODs and NOTs top out at?

    How many NODs at peak is capacity?

    How many NOTs?

    Granted, NODs to NOT conversion can’t exceed 100%, but how high can it go? If it get’s above 50% where it’s currently very close to, how does the psychology shift for sellers, buyers and more importantly the banks?

    August 21, 2007 at 4:16 PM #79006
    no_such_reality
    Participant

    That’s my thought and reason for the graphs. We’re currently going up exponentially. Which is easy in the beginning, but we’re above last downturns peaks already and the credit crunch just hit last week.

    In essence, looking at the graphs, does anybody want to put some projections on where the NODs and NOTs top out at?

    How many NODs at peak is capacity?

    How many NOTs?

    Granted, NODs to NOT conversion can’t exceed 100%, but how high can it go? If it get’s above 50% where it’s currently very close to, how does the psychology shift for sellers, buyers and more importantly the banks?

    August 21, 2007 at 4:16 PM #79026
    no_such_reality
    Participant

    That’s my thought and reason for the graphs. We’re currently going up exponentially. Which is easy in the beginning, but we’re above last downturns peaks already and the credit crunch just hit last week.

    In essence, looking at the graphs, does anybody want to put some projections on where the NODs and NOTs top out at?

    How many NODs at peak is capacity?

    How many NOTs?

    Granted, NODs to NOT conversion can’t exceed 100%, but how high can it go? If it get’s above 50% where it’s currently very close to, how does the psychology shift for sellers, buyers and more importantly the banks?

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