Now back to our regularly scheduled programming on NOD’s

[North County Jim]

July 2 Report

153 NODs
106 NOTs
69 REOs

[North County Jim]

July 2 Report

153 NODs
106 NOTs
69 REOs

[sdrealtor]

only 42 pages this week

[sdrealtor]

only 42 pages this week

[lonestar2000]

Cycles cycles, don’t let one week’s data give you the wrong conclusion. It sounds too much like CNN articles. 😛

Keep the reports coming, and we’ll see over time where the trend is leading. With over $2 trillion in ARMs resetting over the next several years I’m sure we’ll be seeing a lot more pages on sdrealtor’s desk. 🙂

[lonestar2000]

Cycles cycles, don’t let one week’s data give you the wrong conclusion. It sounds too much like CNN articles. 😛

Keep the reports coming, and we’ll see over time where the trend is leading. With over $2 trillion in ARMs resetting over the next several years I’m sure we’ll be seeing a lot more pages on sdrealtor’s desk. 🙂

[sdrealtor]

Agree that it’s just one data point. The trend is what is important and thus far it has been very slow. I’m just wondering when it will go hyperbolic if it will at all?

[sdrealtor]

Agree that it’s just one data point. The trend is what is important and thus far it has been very slow. I’m just wondering when it will go hyperbolic if it will at all?

[Artifact]

So let’s start watching the trend graphically – some missing data here that may or may not be available (?) are the cumulative numbers for these categories. As noted above, the numbers are all over the place with so few points to look at – maybe with another month of data and cumulative numbers we will have something more to talk about.

If those with the data keep posting, I can generate the pictures easily enough.

T

[img_assist|nid=3849|title= NOD’s, NOT’s and REO’s|desc=|link=node|align=left|width=466|height=232]

[Artifact]

So let’s start watching the trend graphically – some missing data here that may or may not be available (?) are the cumulative numbers for these categories. As noted above, the numbers are all over the place with so few points to look at – maybe with another month of data and cumulative numbers we will have something more to talk about.

If those with the data keep posting, I can generate the pictures easily enough.

T

[img_assist|nid=3849|title= NOD’s, NOT’s and REO’s|desc=|link=node|align=left|width=466|height=232]

[North County Jim]

July 10 Report

224 NODs
174 NOTs
86 REOs

I have access to another source for distressed property reports. Their reporting cycle is offset from this one by two or three days and just came out.

For 6/28 through 7/2, their listings contain 402 NODs, 300 NOTs and 80 REOs so next week’s report should see a jump in the NODs and NOTs.

[North County Jim]

July 10 Report

224 NODs
174 NOTs
86 REOs

I have access to another source for distressed property reports. Their reporting cycle is offset from this one by two or three days and just came out.

For 6/28 through 7/2, their listings contain 402 NODs, 300 NOTs and 80 REOs so next week’s report should see a jump in the NODs and NOTs.

[HereWeGo]

Jim and realtors,

Any data on the percentage of NOTs that become REOs? We usually assume that percentage to be around 100%, but SD Realtor had a recent post that cast doubt on that assumption. Are lenders trying to “work things out” with NOT properties?

[HereWeGo]

Jim and realtors,

Any data on the percentage of NOTs that become REOs? We usually assume that percentage to be around 100%, but SD Realtor had a recent post that cast doubt on that assumption. Are lenders trying to “work things out” with NOT properties?

[Artifact]

I redid the figure from above, but it is not even worth posting – basically the same as last week with a slight increase – needs another month or so of data before it maybe looks interesting.

Jim (or someone else with access) – is it possible to get the cumulative number of REO’s? I think that would be an interesting comparison here.

T

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