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  • January 9, 2008 at 3:55 PM #133226
    nostradamus
    Participant

    Bugs, are those banks any of the BIG ones? Countrywide, BoA, Wamu, etc.

    esmith it looks to me like that site lists foreclosures which are for sale. The original question was if banks are repo'ing homes then not putting them up for sale.

    January 9, 2008 at 6:01 PM #133024
    kewp
    Participant

    From RealtyTrac:

    92103 (my zip code)

    Pre-foreclosure
    442

    Auction
    157

    Bank-Owned
    358

    Temecula

    Pre-foreclosure
    643

    Auction
    212

    Bank-Owned
    676

    I’ll admit I don’t understand the intricacies of the repo process. I would *think* that since the auction numbers are trailing the bank-owned numbers that something is slowing the process down. Maybe its just how these things work.

    January 9, 2008 at 6:01 PM #133212
    kewp
    Participant

    From RealtyTrac:

    92103 (my zip code)

    Pre-foreclosure
    442

    Auction
    157

    Bank-Owned
    358

    Temecula

    Pre-foreclosure
    643

    Auction
    212

    Bank-Owned
    676

    I’ll admit I don’t understand the intricacies of the repo process. I would *think* that since the auction numbers are trailing the bank-owned numbers that something is slowing the process down. Maybe its just how these things work.

    January 9, 2008 at 6:01 PM #133223
    kewp
    Participant

    From RealtyTrac:

    92103 (my zip code)

    Pre-foreclosure
    442

    Auction
    157

    Bank-Owned
    358

    Temecula

    Pre-foreclosure
    643

    Auction
    212

    Bank-Owned
    676

    I’ll admit I don’t understand the intricacies of the repo process. I would *think* that since the auction numbers are trailing the bank-owned numbers that something is slowing the process down. Maybe its just how these things work.

    January 9, 2008 at 6:01 PM #133278
    kewp
    Participant

    From RealtyTrac:

    92103 (my zip code)

    Pre-foreclosure
    442

    Auction
    157

    Bank-Owned
    358

    Temecula

    Pre-foreclosure
    643

    Auction
    212

    Bank-Owned
    676

    I’ll admit I don’t understand the intricacies of the repo process. I would *think* that since the auction numbers are trailing the bank-owned numbers that something is slowing the process down. Maybe its just how these things work.

    January 9, 2008 at 6:01 PM #133316
    kewp
    Participant

    From RealtyTrac:

    92103 (my zip code)

    Pre-foreclosure
    442

    Auction
    157

    Bank-Owned
    358

    Temecula

    Pre-foreclosure
    643

    Auction
    212

    Bank-Owned
    676

    I’ll admit I don’t understand the intricacies of the repo process. I would *think* that since the auction numbers are trailing the bank-owned numbers that something is slowing the process down. Maybe its just how these things work.

    January 9, 2008 at 6:12 PM #133033
    Eugene
    Participant

    “it looks to me like that site lists foreclosures which are for sale”

    I think it lists all NOTs and their outcomes.

    “From RealtyTrac: …”

    IMHO:
    “Pre-foreclosure” – notice of default has been filed
    “Auction” – NOT has been filed, auction is scheduled
    “Bank-Owned” – auction took place at some point in the past, house went to the bank

    January 9, 2008 at 6:12 PM #133222
    Eugene
    Participant

    “it looks to me like that site lists foreclosures which are for sale”

    I think it lists all NOTs and their outcomes.

    “From RealtyTrac: …”

    IMHO:
    “Pre-foreclosure” – notice of default has been filed
    “Auction” – NOT has been filed, auction is scheduled
    “Bank-Owned” – auction took place at some point in the past, house went to the bank

    January 9, 2008 at 6:12 PM #133233
    Eugene
    Participant

    “it looks to me like that site lists foreclosures which are for sale”

    I think it lists all NOTs and their outcomes.

    “From RealtyTrac: …”

    IMHO:
    “Pre-foreclosure” – notice of default has been filed
    “Auction” – NOT has been filed, auction is scheduled
    “Bank-Owned” – auction took place at some point in the past, house went to the bank

    January 9, 2008 at 6:12 PM #133288
    Eugene
    Participant

    “it looks to me like that site lists foreclosures which are for sale”

    I think it lists all NOTs and their outcomes.

    “From RealtyTrac: …”

    IMHO:
    “Pre-foreclosure” – notice of default has been filed
    “Auction” – NOT has been filed, auction is scheduled
    “Bank-Owned” – auction took place at some point in the past, house went to the bank

    January 9, 2008 at 6:12 PM #133326
    Eugene
    Participant

    “it looks to me like that site lists foreclosures which are for sale”

    I think it lists all NOTs and their outcomes.

    “From RealtyTrac: …”

    IMHO:
    “Pre-foreclosure” – notice of default has been filed
    “Auction” – NOT has been filed, auction is scheduled
    “Bank-Owned” – auction took place at some point in the past, house went to the bank

    January 9, 2008 at 6:20 PM #133049
    Bugs
    Participant

    Info came 2 really big players in the residential lending business.

    January 9, 2008 at 6:20 PM #133237
    Bugs
    Participant

    Info came 2 really big players in the residential lending business.

    January 9, 2008 at 6:20 PM #133250
    Bugs
    Participant

    Info came 2 really big players in the residential lending business.

    January 9, 2008 at 6:20 PM #133303
    Bugs
    Participant

    Info came 2 really big players in the residential lending business.

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