RealtyTrac is bogus

[Duck]

I knew when I paid for the free-trial and the first 10 “active foreclosures” I went after had been sold months earlier that this website/company was bogus.

I can’t believe that major media outlets quote these guys and public policy may be influenced by their numbers. That is scary.

http://www.latimes.com/business/la-fi-foreclose28may28,1,5187803.story?coll=la-headlines-business&ctrack=1&cset=true

[Coronita]

In my opinion. It’s way too early to be looking into foreclosures. The latest “buzz” all over the media and infomercials is about buying “foreclosed properties”. Imho, the best time to start looking at deals is when everyone is so sour about real estate that you can pick and choose what to buy. We’re not right there yet.

[Coronita]

In my opinion. It’s way too early to be looking into foreclosures. The latest “buzz” all over the media and infomercials is about buying “foreclosed properties”. Imho, the best time to start looking at deals is when everyone is so sour about real estate that you can pick and choose what to buy. We’re not right there yet.

[barnaby33]

Something doesn’t seem right here, but I’m not sure its realty trac, you decide.

knew when I paid for the free-trial and the first 10 “active foreclosures” I went after had been sold months earlier that this website/company was bogus.

How does one pay for a free trial?

Josh

[barnaby33]

Something doesn’t seem right here, but I’m not sure its realty trac, you decide.

knew when I paid for the free-trial and the first 10 “active foreclosures” I went after had been sold months earlier that this website/company was bogus.

How does one pay for a free trial?

Josh

[SD Realtor]

Hi Duck –

It is super competitive. There are lots of different services out there. Basically everybody is on the same playing field. The bottom line is that the minute a recording is made, then it is fair game for everyone. Theoretically these third party sites advertise that they grab the recording immediately and send it out people who pay for the service.

SD Realtor

[SD Realtor]

Hi Duck –

It is super competitive. There are lots of different services out there. Basically everybody is on the same playing field. The bottom line is that the minute a recording is made, then it is fair game for everyone. Theoretically these third party sites advertise that they grab the recording immediately and send it out people who pay for the service.

SD Realtor

[JustSayYes]

I’ve followed the foreclosure situation using this page:

http://www.sdlookup.com/Foreclosures-1-San_Diego_County

It seems to me that it will always be hard to have a perfect indication of how many foreclosures are out there and I’d probably rather focus on any deals that could be had.

After you figure out the foreclosure data then your next even harder situation is to get a handle on how many mortgages are outstanding and how risky they are in terms of interest rate resets, current and original LTV.

It would seem like there will be more foreclosures in the next year regardless of how you count them.

[JustSayYes]

I’ve followed the foreclosure situation using this page:

http://www.sdlookup.com/Foreclosures-1-San_Diego_County

It seems to me that it will always be hard to have a perfect indication of how many foreclosures are out there and I’d probably rather focus on any deals that could be had.

After you figure out the foreclosure data then your next even harder situation is to get a handle on how many mortgages are outstanding and how risky they are in terms of interest rate resets, current and original LTV.

It would seem like there will be more foreclosures in the next year regardless of how you count them.

[Cow_tipping]

Foreclosures – there is some sorta glamour about it now a days. Its the new “fluff and flip” where the new clowns think they can throw on a coat of paint and sell it for 20% more than what the previous clown tried to sell it for.
Wait till banks have a hige stack of properties hanging on the wall and credit rules so tight that you toss in a peiece of coal and it comes back as a diamond. Then walk in with 10-20% of previous list price in cash and walk out with the title deed.
Dont think that will happen … it did in 96-97 in sacramento. I was there, just didnt have the 40K or so needed to buy one in my favorite greenhaven area.
I’d do elk grove now cos I’d rather have a newer house without lead and asbestos in it than old, even if its cookie cutter.
Cool.
Cow_tipping.

[Cow_tipping]

Foreclosures – there is some sorta glamour about it now a days. Its the new “fluff and flip” where the new clowns think they can throw on a coat of paint and sell it for 20% more than what the previous clown tried to sell it for.
Wait till banks have a hige stack of properties hanging on the wall and credit rules so tight that you toss in a peiece of coal and it comes back as a diamond. Then walk in with 10-20% of previous list price in cash and walk out with the title deed.
Dont think that will happen … it did in 96-97 in sacramento. I was there, just didnt have the 40K or so needed to buy one in my favorite greenhaven area.
I’d do elk grove now cos I’d rather have a newer house without lead and asbestos in it than old, even if its cookie cutter.
Cool.
Cow_tipping.

[Duck]

Poor choice of words (paid for a free trial). You have to give your crdit card, but aren’t charged during the trial period which was 30 days I believe. Anyhow, their data was worthless and not up to date. Maybe they do a better job now, but this article sheds some light on their “numbers”.

[Duck]

Poor choice of words (paid for a free trial). You have to give your crdit card, but aren’t charged during the trial period which was 30 days I believe. Anyhow, their data was worthless and not up to date. Maybe they do a better job now, but this article sheds some light on their “numbers”.

[barnaby33]

You might try forclosureradar.com Their site seems nicely laid out, though its 50 a month.

Josh

[barnaby33]

You might try forclosureradar.com Their site seems nicely laid out, though its 50 a month.

Josh

[Author]

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