San Diego County NOD, NOT back on trend for April

[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.

[DWCAP]

HWG,
Most of the NOT’s are in the lower end areas. The few in the really desirable areas get pickup up rather quick. Now when the option ARMS start hitting, all bets are off. Maybe your hypothesis will turn out correct, which could be an even better thing for SD as large numbers of well taken care of entry level houses open up with reasonable prices. That is what SD needs more than anything to get a health market again. Unfornatually the FED and the US congress are trying to rig the rules. Hopefully if this crap gets too bad the 50% of America that doesnt support it will get out those pitchforks someone else on here talked about.

[DWCAP]

HWG,
Most of the NOT’s are in the lower end areas. The few in the really desirable areas get pickup up rather quick. Now when the option ARMS start hitting, all bets are off. Maybe your hypothesis will turn out correct, which could be an even better thing for SD as large numbers of well taken care of entry level houses open up with reasonable prices. That is what SD needs more than anything to get a health market again. Unfornatually the FED and the US congress are trying to rig the rules. Hopefully if this crap gets too bad the 50% of America that doesnt support it will get out those pitchforks someone else on here talked about.

[DWCAP]

HWG,
Most of the NOT’s are in the lower end areas. The few in the really desirable areas get pickup up rather quick. Now when the option ARMS start hitting, all bets are off. Maybe your hypothesis will turn out correct, which could be an even better thing for SD as large numbers of well taken care of entry level houses open up with reasonable prices. That is what SD needs more than anything to get a health market again. Unfornatually the FED and the US congress are trying to rig the rules. Hopefully if this crap gets too bad the 50% of America that doesnt support it will get out those pitchforks someone else on here talked about.

[DWCAP]

HWG,
Most of the NOT’s are in the lower end areas. The few in the really desirable areas get pickup up rather quick. Now when the option ARMS start hitting, all bets are off. Maybe your hypothesis will turn out correct, which could be an even better thing for SD as large numbers of well taken care of entry level houses open up with reasonable prices. That is what SD needs more than anything to get a health market again. Unfornatually the FED and the US congress are trying to rig the rules. Hopefully if this crap gets too bad the 50% of America that doesnt support it will get out those pitchforks someone else on here talked about.

[DWCAP]

HWG,
Most of the NOT’s are in the lower end areas. The few in the really desirable areas get pickup up rather quick. Now when the option ARMS start hitting, all bets are off. Maybe your hypothesis will turn out correct, which could be an even better thing for SD as large numbers of well taken care of entry level houses open up with reasonable prices. That is what SD needs more than anything to get a health market again. Unfornatually the FED and the US congress are trying to rig the rules. Hopefully if this crap gets too bad the 50% of America that doesnt support it will get out those pitchforks someone else on here talked about.

[ocrenter]

[img_assist|nid=7498|title=sd foreclosure chart|desc=|link=node|align=left|width=466|height=372]

[ocrenter]

[img_assist|nid=7498|title=sd foreclosure chart|desc=|link=node|align=left|width=466|height=372]

[ocrenter]

[img_assist|nid=7498|title=sd foreclosure chart|desc=|link=node|align=left|width=466|height=372]

[ocrenter]

[img_assist|nid=7498|title=sd foreclosure chart|desc=|link=node|align=left|width=466|height=372]

[ocrenter]

[img_assist|nid=7498|title=sd foreclosure chart|desc=|link=node|align=left|width=466|height=372]

[La Jolla Renter]

ocrenter, thanks for the chart.

It looks like 40% chance that if someone gets a NOD they end up as a trustee sale?

Anyone know if this is the same percentage as in the high end? It could give us a look into the future of the affluent zips.

FYI, I have a business associate that has been delaying the courthouse transfer for 8 months. 8 months rent free. Wonder how many more homeowners would walk away if they knew they could pull that off.

[La Jolla Renter]

ocrenter, thanks for the chart.

It looks like 40% chance that if someone gets a NOD they end up as a trustee sale?

Anyone know if this is the same percentage as in the high end? It could give us a look into the future of the affluent zips.

FYI, I have a business associate that has been delaying the courthouse transfer for 8 months. 8 months rent free. Wonder how many more homeowners would walk away if they knew they could pull that off.

[La Jolla Renter]

ocrenter, thanks for the chart.

It looks like 40% chance that if someone gets a NOD they end up as a trustee sale?

Anyone know if this is the same percentage as in the high end? It could give us a look into the future of the affluent zips.

FYI, I have a business associate that has been delaying the courthouse transfer for 8 months. 8 months rent free. Wonder how many more homeowners would walk away if they knew they could pull that off.

[La Jolla Renter]

ocrenter, thanks for the chart.

It looks like 40% chance that if someone gets a NOD they end up as a trustee sale?

Anyone know if this is the same percentage as in the high end? It could give us a look into the future of the affluent zips.

FYI, I have a business associate that has been delaying the courthouse transfer for 8 months. 8 months rent free. Wonder how many more homeowners would walk away if they knew they could pull that off.

[Author]

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