San Diego County NOD, NOT back on trend for April

[HereWeGo]

1512 NOT
3601 NOD

This isn’t a “bottom,” if anything, it’s a plateau. For all interested sellers, remember, when the theater actually is on fire, it’s those who rush to the exits the quickest who are the least likely to get burned.

[Baron von Rothschild]

My hypothesis is this: people with school age kids who intend to walk away will time the foreclosure for summer. That gives the kids time to finish this school year, and for the family to move before the next. I’m not sure if it’s a big enough phenomenon to be apparent in the statistics, but I know that’s what I would do if I were walking away for strategic financial reasons (which I’m not–I’m a renter waiting out the bust).

[Baron von Rothschild]

My hypothesis is this: people with school age kids who intend to walk away will time the foreclosure for summer. That gives the kids time to finish this school year, and for the family to move before the next. I’m not sure if it’s a big enough phenomenon to be apparent in the statistics, but I know that’s what I would do if I were walking away for strategic financial reasons (which I’m not–I’m a renter waiting out the bust).

[Baron von Rothschild]

My hypothesis is this: people with school age kids who intend to walk away will time the foreclosure for summer. That gives the kids time to finish this school year, and for the family to move before the next. I’m not sure if it’s a big enough phenomenon to be apparent in the statistics, but I know that’s what I would do if I were walking away for strategic financial reasons (which I’m not–I’m a renter waiting out the bust).

[Baron von Rothschild]

My hypothesis is this: people with school age kids who intend to walk away will time the foreclosure for summer. That gives the kids time to finish this school year, and for the family to move before the next. I’m not sure if it’s a big enough phenomenon to be apparent in the statistics, but I know that’s what I would do if I were walking away for strategic financial reasons (which I’m not–I’m a renter waiting out the bust).

[Baron von Rothschild]

My hypothesis is this: people with school age kids who intend to walk away will time the foreclosure for summer. That gives the kids time to finish this school year, and for the family to move before the next. I’m not sure if it’s a big enough phenomenon to be apparent in the statistics, but I know that’s what I would do if I were walking away for strategic financial reasons (which I’m not–I’m a renter waiting out the bust).

[davelj]

Yup, we’re on track for between 15,000 and 20,000 trustee deeds in San Diego County this year, thereby roughly tripling (!) the 1990’s high of 5,994 set in 1996. Let’s see… 15,000 to 20,000 trustee deeds… compared to maybe 20,000 – 25,000 total sales in the county for 2008… oh my… that’s gonna leave a mark.

[davelj]

Yup, we’re on track for between 15,000 and 20,000 trustee deeds in San Diego County this year, thereby roughly tripling (!) the 1990’s high of 5,994 set in 1996. Let’s see… 15,000 to 20,000 trustee deeds… compared to maybe 20,000 – 25,000 total sales in the county for 2008… oh my… that’s gonna leave a mark.

[davelj]

Yup, we’re on track for between 15,000 and 20,000 trustee deeds in San Diego County this year, thereby roughly tripling (!) the 1990’s high of 5,994 set in 1996. Let’s see… 15,000 to 20,000 trustee deeds… compared to maybe 20,000 – 25,000 total sales in the county for 2008… oh my… that’s gonna leave a mark.

[davelj]

Yup, we’re on track for between 15,000 and 20,000 trustee deeds in San Diego County this year, thereby roughly tripling (!) the 1990’s high of 5,994 set in 1996. Let’s see… 15,000 to 20,000 trustee deeds… compared to maybe 20,000 – 25,000 total sales in the county for 2008… oh my… that’s gonna leave a mark.

[davelj]

Yup, we’re on track for between 15,000 and 20,000 trustee deeds in San Diego County this year, thereby roughly tripling (!) the 1990’s high of 5,994 set in 1996. Let’s see… 15,000 to 20,000 trustee deeds… compared to maybe 20,000 – 25,000 total sales in the county for 2008… oh my… that’s gonna leave a mark.

[HereWeGo]

Right.

So when does the meme emerge that the sensible thing to do is to sell your equity positive residence and buy an REO? Since the REO values are crushed, a 20% loss in real terms on the cheaper REO will be much less than a 20% loss on your current residence. If that idea were to take hold, hoo boy, would things ever get interesting.

I realize schools are an issue, here, but not everyone is bound by their school district.

[HereWeGo]

Right.

So when does the meme emerge that the sensible thing to do is to sell your equity positive residence and buy an REO? Since the REO values are crushed, a 20% loss in real terms on the cheaper REO will be much less than a 20% loss on your current residence. If that idea were to take hold, hoo boy, would things ever get interesting.

I realize schools are an issue, here, but not everyone is bound by their school district.

[HereWeGo]

Right.

So when does the meme emerge that the sensible thing to do is to sell your equity positive residence and buy an REO? Since the REO values are crushed, a 20% loss in real terms on the cheaper REO will be much less than a 20% loss on your current residence. If that idea were to take hold, hoo boy, would things ever get interesting.

I realize schools are an issue, here, but not everyone is bound by their school district.

[HereWeGo]

Right.

So when does the meme emerge that the sensible thing to do is to sell your equity positive residence and buy an REO? Since the REO values are crushed, a 20% loss in real terms on the cheaper REO will be much less than a 20% loss on your current residence. If that idea were to take hold, hoo boy, would things ever get interesting.

I realize schools are an issue, here, but not everyone is bound by their school district.

[Author]

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