Multiple Foreclosures

[sdrealtor]

Perhaps each of these folks bought 20?

[jpinpb]

Now that I think about it, in the complex I live there’s a guy that owns about 4 units. 2 little Piggs are seeing this in their own complex. Exceptions?

[jpinpb]

Now that I think about it, in the complex I live there’s a guy that owns about 4 units. 2 little Piggs are seeing this in their own complex. Exceptions?

[jpinpb]

Now that I think about it, in the complex I live there’s a guy that owns about 4 units. 2 little Piggs are seeing this in their own complex. Exceptions?

[jpinpb]

Now that I think about it, in the complex I live there’s a guy that owns about 4 units. 2 little Piggs are seeing this in their own complex. Exceptions?

[jpinpb]

Now that I think about it, in the complex I live there’s a guy that owns about 4 units. 2 little Piggs are seeing this in their own complex. Exceptions?

[jpinpb]

Hey, sdr. I don’t know if the universe is conspiring against you and I know you’re just posting the numbers from the LA Times, but today’s NODs, a high percentage was not owner-occupied. 92103 7 out of 11.
2 out of 4 in 92104
6 out of 10 in 92130
6 out of 12 in 92122
1 out of 3 in 92106
2 out of 5 in 92107
So 24 out of 45 in just those ZIPs. Maybe the banks are trying to do loan modifications w/owner-occupied and just not filing the NODs on them. But looking at previous posts, seems the investor NODs are gradually increasing.

[jpinpb]

Hey, sdr. I don’t know if the universe is conspiring against you and I know you’re just posting the numbers from the LA Times, but today’s NODs, a high percentage was not owner-occupied. 92103 7 out of 11.
2 out of 4 in 92104
6 out of 10 in 92130
6 out of 12 in 92122
1 out of 3 in 92106
2 out of 5 in 92107
So 24 out of 45 in just those ZIPs. Maybe the banks are trying to do loan modifications w/owner-occupied and just not filing the NODs on them. But looking at previous posts, seems the investor NODs are gradually increasing.

[jpinpb]

Hey, sdr. I don’t know if the universe is conspiring against you and I know you’re just posting the numbers from the LA Times, but today’s NODs, a high percentage was not owner-occupied. 92103 7 out of 11.
2 out of 4 in 92104
6 out of 10 in 92130
6 out of 12 in 92122
1 out of 3 in 92106
2 out of 5 in 92107
So 24 out of 45 in just those ZIPs. Maybe the banks are trying to do loan modifications w/owner-occupied and just not filing the NODs on them. But looking at previous posts, seems the investor NODs are gradually increasing.

[jpinpb]

Hey, sdr. I don’t know if the universe is conspiring against you and I know you’re just posting the numbers from the LA Times, but today’s NODs, a high percentage was not owner-occupied. 92103 7 out of 11.
2 out of 4 in 92104
6 out of 10 in 92130
6 out of 12 in 92122
1 out of 3 in 92106
2 out of 5 in 92107
So 24 out of 45 in just those ZIPs. Maybe the banks are trying to do loan modifications w/owner-occupied and just not filing the NODs on them. But looking at previous posts, seems the investor NODs are gradually increasing.

[jpinpb]

Hey, sdr. I don’t know if the universe is conspiring against you and I know you’re just posting the numbers from the LA Times, but today’s NODs, a high percentage was not owner-occupied. 92103 7 out of 11.
2 out of 4 in 92104
6 out of 10 in 92130
6 out of 12 in 92122
1 out of 3 in 92106
2 out of 5 in 92107
So 24 out of 45 in just those ZIPs. Maybe the banks are trying to do loan modifications w/owner-occupied and just not filing the NODs on them. But looking at previous posts, seems the investor NODs are gradually increasing.

[briansd1]

Also, remember that people bought houses using their relatives’ credit. So the properties might not be in the same names.

There’s that Italian family downtown that bought multiple units which all went to foreclosure.

I remember a foreclosure downtown where the children used their dad (who is in his 80s) to buy the condo.

Wives and husbands also purchased properties individually. Brothers and sisters. That kind of “investing” behavior was very common place.

[briansd1]

Also, remember that people bought houses using their relatives’ credit. So the properties might not be in the same names.

There’s that Italian family downtown that bought multiple units which all went to foreclosure.

I remember a foreclosure downtown where the children used their dad (who is in his 80s) to buy the condo.

Wives and husbands also purchased properties individually. Brothers and sisters. That kind of “investing” behavior was very common place.

[briansd1]

Also, remember that people bought houses using their relatives’ credit. So the properties might not be in the same names.

There’s that Italian family downtown that bought multiple units which all went to foreclosure.

I remember a foreclosure downtown where the children used their dad (who is in his 80s) to buy the condo.

Wives and husbands also purchased properties individually. Brothers and sisters. That kind of “investing” behavior was very common place.

[briansd1]

Also, remember that people bought houses using their relatives’ credit. So the properties might not be in the same names.

There’s that Italian family downtown that bought multiple units which all went to foreclosure.

I remember a foreclosure downtown where the children used their dad (who is in his 80s) to buy the condo.

Wives and husbands also purchased properties individually. Brothers and sisters. That kind of “investing” behavior was very common place.

[Author]

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