HUGE amount of CA foreclosures are coming….

[beanmaestro]

I was confused by that until I studied the table.

I read that the “number of people per foreclosure” is down, usually by ~50%. That is to say, the number of people stayed constant, and foreclosures doubled.

[HLS]

“new Notices of Trustee Sale minus those sales that have cancelled or sold – rose to a record level of 124,874, nearly double the levels
reached during the foreclosure peak last year”
************************************

I’m not defending the headline, but based on statewide numbers and delays caused by the moratorium, there seems to be a disconnect between what should go to FC and what is actually getting there. Somebody has to track it, and I think that they do a fair job…

[HLS]

“new Notices of Trustee Sale minus those sales that have cancelled or sold – rose to a record level of 124,874, nearly double the levels
reached during the foreclosure peak last year”
************************************

I’m not defending the headline, but based on statewide numbers and delays caused by the moratorium, there seems to be a disconnect between what should go to FC and what is actually getting there. Somebody has to track it, and I think that they do a fair job…

[HLS]

“new Notices of Trustee Sale minus those sales that have cancelled or sold – rose to a record level of 124,874, nearly double the levels
reached during the foreclosure peak last year”
************************************

I’m not defending the headline, but based on statewide numbers and delays caused by the moratorium, there seems to be a disconnect between what should go to FC and what is actually getting there. Somebody has to track it, and I think that they do a fair job…

[HLS]

“new Notices of Trustee Sale minus those sales that have cancelled or sold – rose to a record level of 124,874, nearly double the levels
reached during the foreclosure peak last year”
************************************

I’m not defending the headline, but based on statewide numbers and delays caused by the moratorium, there seems to be a disconnect between what should go to FC and what is actually getting there. Somebody has to track it, and I think that they do a fair job…

[HLS]

“new Notices of Trustee Sale minus those sales that have cancelled or sold – rose to a record level of 124,874, nearly double the levels
reached during the foreclosure peak last year”
************************************

I’m not defending the headline, but based on statewide numbers and delays caused by the moratorium, there seems to be a disconnect between what should go to FC and what is actually getting there. Somebody has to track it, and I think that they do a fair job…

[DWCAP]

[quote=temeculaguy]The narrative also mentioned flat NODS, increased NOTs but decreased Sales back to the bank, which makes me think that loan mods and short sales are taking a bite, that is the real story.[/quote]

TG,

I am willing to offer an alternative idea on the NTS’s not going to the bank, other than the Modificatons/ short sales are doing the job. Short sales are surly having an effect, I just dont know if it as big as what we see in the graphs.

Banks arent making the final step and foreclosing. Not because they are modifing/selling anything, they just dont want the house. In a market like the one we just went through, are still in, will prob still be in next year, can you blaim them?

[DWCAP]

[quote=temeculaguy]The narrative also mentioned flat NODS, increased NOTs but decreased Sales back to the bank, which makes me think that loan mods and short sales are taking a bite, that is the real story.[/quote]

TG,

I am willing to offer an alternative idea on the NTS’s not going to the bank, other than the Modificatons/ short sales are doing the job. Short sales are surly having an effect, I just dont know if it as big as what we see in the graphs.

Banks arent making the final step and foreclosing. Not because they are modifing/selling anything, they just dont want the house. In a market like the one we just went through, are still in, will prob still be in next year, can you blaim them?

[DWCAP]

[quote=temeculaguy]The narrative also mentioned flat NODS, increased NOTs but decreased Sales back to the bank, which makes me think that loan mods and short sales are taking a bite, that is the real story.[/quote]

TG,

I am willing to offer an alternative idea on the NTS’s not going to the bank, other than the Modificatons/ short sales are doing the job. Short sales are surly having an effect, I just dont know if it as big as what we see in the graphs.

Banks arent making the final step and foreclosing. Not because they are modifing/selling anything, they just dont want the house. In a market like the one we just went through, are still in, will prob still be in next year, can you blaim them?

[DWCAP]

[quote=temeculaguy]The narrative also mentioned flat NODS, increased NOTs but decreased Sales back to the bank, which makes me think that loan mods and short sales are taking a bite, that is the real story.[/quote]

TG,

I am willing to offer an alternative idea on the NTS’s not going to the bank, other than the Modificatons/ short sales are doing the job. Short sales are surly having an effect, I just dont know if it as big as what we see in the graphs.

Banks arent making the final step and foreclosing. Not because they are modifing/selling anything, they just dont want the house. In a market like the one we just went through, are still in, will prob still be in next year, can you blaim them?

[DWCAP]

[quote=temeculaguy]The narrative also mentioned flat NODS, increased NOTs but decreased Sales back to the bank, which makes me think that loan mods and short sales are taking a bite, that is the real story.[/quote]

TG,

I am willing to offer an alternative idea on the NTS’s not going to the bank, other than the Modificatons/ short sales are doing the job. Short sales are surly having an effect, I just dont know if it as big as what we see in the graphs.

Banks arent making the final step and foreclosing. Not because they are modifing/selling anything, they just dont want the house. In a market like the one we just went through, are still in, will prob still be in next year, can you blaim them?

[Author]

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