the next big step down is coming to mid/high-end areas near you

[Rockemsock]

Scarlet,

I’ve seen the same thing. Friends of ours are living in a home and allowing it to go back to the bank. No payments for 6 months, and not a single letter or notice of any kind. Not showing on RT, or any other foreclosure site I came across. Our home (the one we’re renting) is in preforeclosure, bank has been out to see us twice, and it still doesn’t appear on any foreclosure listing I check, including RT.

[Nor-LA-SD-guy]

So how many of you out there are just really really confused at this point,

Now from what I understand home prices increased last month, but at the same time defaults at record levels, foreclosures at record levels !!!

But then people complain of lack of inventory, bidding wars etc…
Banks and Tech beating earning etc…

So WTF is going on !!!

OK I need to take a pill or go to the beach or something.

[Nor-LA-SD-guy]

So how many of you out there are just really really confused at this point,

Now from what I understand home prices increased last month, but at the same time defaults at record levels, foreclosures at record levels !!!

But then people complain of lack of inventory, bidding wars etc…
Banks and Tech beating earning etc…

So WTF is going on !!!

OK I need to take a pill or go to the beach or something.

[Nor-LA-SD-guy]

So how many of you out there are just really really confused at this point,

Now from what I understand home prices increased last month, but at the same time defaults at record levels, foreclosures at record levels !!!

But then people complain of lack of inventory, bidding wars etc…
Banks and Tech beating earning etc…

So WTF is going on !!!

OK I need to take a pill or go to the beach or something.

[Nor-LA-SD-guy]

So how many of you out there are just really really confused at this point,

Now from what I understand home prices increased last month, but at the same time defaults at record levels, foreclosures at record levels !!!

But then people complain of lack of inventory, bidding wars etc…
Banks and Tech beating earning etc…

So WTF is going on !!!

OK I need to take a pill or go to the beach or something.

[Nor-LA-SD-guy]

So how many of you out there are just really really confused at this point,

Now from what I understand home prices increased last month, but at the same time defaults at record levels, foreclosures at record levels !!!

But then people complain of lack of inventory, bidding wars etc…
Banks and Tech beating earning etc…

So WTF is going on !!!

OK I need to take a pill or go to the beach or something.

[Scarlett]

[quote=Nor-LA-SD-guy]
So how many of you out there are just really really confused at this point,

Now from what I understand home prices increased last month, but at the same time defaults at record levels, foreclosures at record levels !!!

But then people complain of lack of inventory, bidding wars etc…
Banks and Tech beating earning etc…

So WTF is going on !!!

OK I need to take a pill or go to the beach or something.

[/quote]

What’s going on is that now, we are seeing a false rally in prices/sales, but many of NODs will become foreclosures within a year….and then sh*t will hit the fan.

[Scarlett]

[quote=Nor-LA-SD-guy]
So how many of you out there are just really really confused at this point,

Now from what I understand home prices increased last month, but at the same time defaults at record levels, foreclosures at record levels !!!

But then people complain of lack of inventory, bidding wars etc…
Banks and Tech beating earning etc…

So WTF is going on !!!

OK I need to take a pill or go to the beach or something.

[/quote]

What’s going on is that now, we are seeing a false rally in prices/sales, but many of NODs will become foreclosures within a year….and then sh*t will hit the fan.

[Scarlett]

[quote=Nor-LA-SD-guy]
So how many of you out there are just really really confused at this point,

Now from what I understand home prices increased last month, but at the same time defaults at record levels, foreclosures at record levels !!!

But then people complain of lack of inventory, bidding wars etc…
Banks and Tech beating earning etc…

So WTF is going on !!!

OK I need to take a pill or go to the beach or something.

[/quote]

What’s going on is that now, we are seeing a false rally in prices/sales, but many of NODs will become foreclosures within a year….and then sh*t will hit the fan.

[Scarlett]

[quote=Nor-LA-SD-guy]
So how many of you out there are just really really confused at this point,

Now from what I understand home prices increased last month, but at the same time defaults at record levels, foreclosures at record levels !!!

But then people complain of lack of inventory, bidding wars etc…
Banks and Tech beating earning etc…

So WTF is going on !!!

OK I need to take a pill or go to the beach or something.

[/quote]

What’s going on is that now, we are seeing a false rally in prices/sales, but many of NODs will become foreclosures within a year….and then sh*t will hit the fan.

[Scarlett]

[quote=Nor-LA-SD-guy]
So how many of you out there are just really really confused at this point,

Now from what I understand home prices increased last month, but at the same time defaults at record levels, foreclosures at record levels !!!

But then people complain of lack of inventory, bidding wars etc…
Banks and Tech beating earning etc…

So WTF is going on !!!

OK I need to take a pill or go to the beach or something.

[/quote]

What’s going on is that now, we are seeing a false rally in prices/sales, but many of NODs will become foreclosures within a year….and then sh*t will hit the fan.

[Rt.66]

[quote=Scarlett][quote=Nor-LA-SD-guy]
So how many of you out there are just really really confused at this point,

Now from what I understand home prices increased last month, but at the same time defaults at record levels, foreclosures at record levels !!!

But then people complain of lack of inventory, bidding wars etc…
Banks and Tech beating earning etc…

So WTF is going on !!!

OK I need to take a pill or go to the beach or something.

[/quote]

What’s going on is that now, we are seeing a false rally in prices/sales, but many of NODs will become foreclosures within a year….and then sh*t will hit the fan.
[/quote]

Scarlett,
I changed my user name to avoid confusion 🙂
Scarlet

[Rt.66]

[quote=Scarlett][quote=Nor-LA-SD-guy]
So how many of you out there are just really really confused at this point,

Now from what I understand home prices increased last month, but at the same time defaults at record levels, foreclosures at record levels !!!

But then people complain of lack of inventory, bidding wars etc…
Banks and Tech beating earning etc…

So WTF is going on !!!

OK I need to take a pill or go to the beach or something.

[/quote]

What’s going on is that now, we are seeing a false rally in prices/sales, but many of NODs will become foreclosures within a year….and then sh*t will hit the fan.
[/quote]

Scarlett,
I changed my user name to avoid confusion 🙂
Scarlet

[Rt.66]

[quote=Scarlett][quote=Nor-LA-SD-guy]
So how many of you out there are just really really confused at this point,

Now from what I understand home prices increased last month, but at the same time defaults at record levels, foreclosures at record levels !!!

But then people complain of lack of inventory, bidding wars etc…
Banks and Tech beating earning etc…

So WTF is going on !!!

OK I need to take a pill or go to the beach or something.

[/quote]

What’s going on is that now, we are seeing a false rally in prices/sales, but many of NODs will become foreclosures within a year….and then sh*t will hit the fan.
[/quote]

Scarlett,
I changed my user name to avoid confusion 🙂
Scarlet

[Rt.66]

[quote=Scarlett][quote=Nor-LA-SD-guy]
So how many of you out there are just really really confused at this point,

Now from what I understand home prices increased last month, but at the same time defaults at record levels, foreclosures at record levels !!!

But then people complain of lack of inventory, bidding wars etc…
Banks and Tech beating earning etc…

So WTF is going on !!!

OK I need to take a pill or go to the beach or something.

[/quote]

What’s going on is that now, we are seeing a false rally in prices/sales, but many of NODs will become foreclosures within a year….and then sh*t will hit the fan.
[/quote]

Scarlett,
I changed my user name to avoid confusion 🙂
Scarlet

[Author]

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