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Home › Forums › Housing › Record High Foreclosures in California: 17,408 in 2nd quarter vs 11K in first

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  • July 24, 2007 at 3:08 PM #9584
    JWM in SD
    Participant

    http://bubbletracking.blogspot.com/index.html

    Okay, so who still doesn’t get??? I promise to be civil about it and explain it as patiently as I can.

    July 24, 2007 at 3:24 PM #67427
    donaldduckmoore
    Participant

    How come we don’t see that many in the market?

    July 24, 2007 at 3:24 PM #67492
    donaldduckmoore
    Participant

    How come we don’t see that many in the market?

    July 24, 2007 at 4:25 PM #67439
    JWM in SD
    Participant

    Give me your criteria for evidence in the market.

    July 24, 2007 at 4:25 PM #67504
    JWM in SD
    Participant

    Give me your criteria for evidence in the market.

    July 24, 2007 at 4:27 PM #67441
    Ozzie
    Participant

    Those are notices of default not actual foreclosures.

    The biggest jump was in counties like Merced, Riverside, etc.

    July 24, 2007 at 4:27 PM #67506
    Ozzie
    Participant

    Those are notices of default not actual foreclosures.

    The biggest jump was in counties like Merced, Riverside, etc.

    July 24, 2007 at 4:29 PM #67443
    The-Shoveler
    Participant

    Nor_LA-Temcu-SD-Guy

    The interesting thing is that the NOD have not hit record levels set in 96 yet which I think indicates that more Defaults are ending in foreclosures.

    This could get bumpy here, better strap everything down.

    July 24, 2007 at 4:29 PM #67509
    The-Shoveler
    Participant

    Nor_LA-Temcu-SD-Guy

    The interesting thing is that the NOD have not hit record levels set in 96 yet which I think indicates that more Defaults are ending in foreclosures.

    This could get bumpy here, better strap everything down.

    July 24, 2007 at 4:30 PM #67445
    Ozzie
    Participant

    oops, I was wrong. Those are foreclosures for Q2.

    July 24, 2007 at 4:30 PM #67511
    Ozzie
    Participant

    oops, I was wrong. Those are foreclosures for Q2.

    July 24, 2007 at 4:50 PM #67453
    The-Shoveler
    Participant

    Nor_LA-Temcu-SD-Guy

    “The biggest jump was in counties like Merced, Riverside, etc.”

    If I am not mistaken foreclosures are at record levels in SD
    and OC as well.

    July 24, 2007 at 4:50 PM #67518
    The-Shoveler
    Participant

    Nor_LA-Temcu-SD-Guy

    “The biggest jump was in counties like Merced, Riverside, etc.”

    If I am not mistaken foreclosures are at record levels in SD
    and OC as well.

    July 24, 2007 at 4:58 PM #67459
    PerryChase
    Participant

    Humm.. interesting. Those foreclosures are soon to become inventory.

    Is anyone tracking the foreclosed houses that were successfully resold? The delta would will be absolutely-must-sell inventory.

    Wanna be buyers should do that for the zip-codes that the are interested in and share with us all. I ain’t buying nada until at least 2009, after the 2006 loan-reset foreclosures are processed.

    July 24, 2007 at 4:58 PM #67525
    PerryChase
    Participant

    Humm.. interesting. Those foreclosures are soon to become inventory.

    Is anyone tracking the foreclosed houses that were successfully resold? The delta would will be absolutely-must-sell inventory.

    Wanna be buyers should do that for the zip-codes that the are interested in and share with us all. I ain’t buying nada until at least 2009, after the 2006 loan-reset foreclosures are processed.

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