Temecula. 1.5 homes each day hitting steps

[waiting hawk]

Per this site alone one and a half homes a day will be at the court house steps unless a greater fool steps up. 25 homes to hit steps up to 6/22/07 just 39 days worth. Currently 25 temecula houses are listed. Murrieta has ~30% more and i’m sure the numbers there are not good. Thing is, does this site list them all or just a few? This Recontrust is owned by Countrywide.

“© 2007 ReconTrust Company, N.A. Trade/service marks are the property of Countrywide Financial Corporation”

http://recontrust.com/property_results.asp?county=Riverside

[waiting hawk]

Here are some links I view often (I remember when they didnt have more than 5 foreclosures on any of these sites early 2006)

http://www.countrywide.com/purchase/f_reo.asp

http://apps.indymacbank.com/individuals/realestate/listings.asp?PType=ALL&City=&State=ALL&Zip=&BedroomMin=0&BedroomMax=NOMAX&BathroomMin=0&BathroomMax=NOMAX&PriceMin=0&PriceMax=NOMAX&submit1=SEARCH+CRITERIA+%3A%3A

http://www.downeysavings.com/ffs/properties

http://www.ocwen.com/reo/residential/res_reofindbystate.cfm?CFID=4252151&CFTOKEN=49130540

http://recontrust.com/home.asp

[temeculaguy]

foreclosure.com lists 90 NOD’s that listed new during the last 9 days for Murrieta and 35 for Temecula. I ran some S.D. cities for comparison, Carlsbad-11, Oceanside-35, Esco-25, San Marcos-16, Vista-14.

Canary in a coal mine or is it possibly related to that big R.E. scam that involved possibly hundreds of murrieta homes. I thought that the scam was more than a few months ago, you’d think they would be getting close to foreclosure sale by now and not just getting their NOD’s, plus foreclosure.com lists the name of the owner and I didn’t see obvious duplicates. With and average of ten notices of default per day in a city of 90k, how long until there is blood in the streets. I don’t know the percentages of defaults to NOD’s but my guess is that it will close in on half because selling out or refi out just got significantly harder, that’s 5 per day in Murrieta hitting the courthouse steps by the time football season starts. It’s possible the other thread about DR horton in Murrieta slashing prices 20% is the result of someone at DR horton that saw this same info and is trying to get out of town while they can.

[23109VC]

is this an excessive number of NODs for the area?

if this is the tip of the iceberg… uh oh…

[sdrealtor]

waiting hawk
thanks for all the great links. they are now added to my IE faves.

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