Trustee Deeds down again in March in SD

[davelj]

http://www.foreclosureforum.com/stats.html

Three possible explanations:

(1) More homeowners are magically finding money to cure their default;
(2) Loan modifications are kicking in;
(3) Lenders/servicers are so overloaded that they’re falling behind in issuing Trustee Deeds.

Since Notices of Default have been flattish for the last couple of months, I suspect it’s a combination of both (2) and (3).

[sdrealtor]

You forgot #4.

Its 2008 already and the bulk of the problem loans were orginated in 2004 and 2005. Two year resets have passed and we will have to wait for the 5 year resets for the next burst.

[sdrealtor]

You forgot #4.

Its 2008 already and the bulk of the problem loans were orginated in 2004 and 2005. Two year resets have passed and we will have to wait for the 5 year resets for the next burst.

[sdrealtor]

You forgot #4.

Its 2008 already and the bulk of the problem loans were orginated in 2004 and 2005. Two year resets have passed and we will have to wait for the 5 year resets for the next burst.

[sdrealtor]

You forgot #4.

Its 2008 already and the bulk of the problem loans were orginated in 2004 and 2005. Two year resets have passed and we will have to wait for the 5 year resets for the next burst.

[sdrealtor]

You forgot #4.

Its 2008 already and the bulk of the problem loans were orginated in 2004 and 2005. Two year resets have passed and we will have to wait for the 5 year resets for the next burst.

[little lady]

“(1) More homeowners are magically finding money to cure their default;
(2) Loan modifications are kicking in;
(3) Lenders/servicers are so overloaded that they’re falling behind in issuing Trustee Deeds.

Since Notices of Default have been flattish for the last couple of months, I suspect it’s a combination of both (2) and (3).”

I thought the same thing in my explorations….I am not sure I poses as factual information as everyone else on this forum and am not as savvy……but I am no slouch….I did sort of time the realestate market…..haven’t bought yet though……..

A house I was REALLY interested in is STILL not on the market and it foreclosed in OCT. and is sitting empty….

[little lady]

“(1) More homeowners are magically finding money to cure their default;
(2) Loan modifications are kicking in;
(3) Lenders/servicers are so overloaded that they’re falling behind in issuing Trustee Deeds.

Since Notices of Default have been flattish for the last couple of months, I suspect it’s a combination of both (2) and (3).”

I thought the same thing in my explorations….I am not sure I poses as factual information as everyone else on this forum and am not as savvy……but I am no slouch….I did sort of time the realestate market…..haven’t bought yet though……..

A house I was REALLY interested in is STILL not on the market and it foreclosed in OCT. and is sitting empty….

[little lady]

“(1) More homeowners are magically finding money to cure their default;
(2) Loan modifications are kicking in;
(3) Lenders/servicers are so overloaded that they’re falling behind in issuing Trustee Deeds.

Since Notices of Default have been flattish for the last couple of months, I suspect it’s a combination of both (2) and (3).”

I thought the same thing in my explorations….I am not sure I poses as factual information as everyone else on this forum and am not as savvy……but I am no slouch….I did sort of time the realestate market…..haven’t bought yet though……..

A house I was REALLY interested in is STILL not on the market and it foreclosed in OCT. and is sitting empty….

[little lady]

“(1) More homeowners are magically finding money to cure their default;
(2) Loan modifications are kicking in;
(3) Lenders/servicers are so overloaded that they’re falling behind in issuing Trustee Deeds.

Since Notices of Default have been flattish for the last couple of months, I suspect it’s a combination of both (2) and (3).”

I thought the same thing in my explorations….I am not sure I poses as factual information as everyone else on this forum and am not as savvy……but I am no slouch….I did sort of time the realestate market…..haven’t bought yet though……..

A house I was REALLY interested in is STILL not on the market and it foreclosed in OCT. and is sitting empty….

[little lady]

“(1) More homeowners are magically finding money to cure their default;
(2) Loan modifications are kicking in;
(3) Lenders/servicers are so overloaded that they’re falling behind in issuing Trustee Deeds.

Since Notices of Default have been flattish for the last couple of months, I suspect it’s a combination of both (2) and (3).”

I thought the same thing in my explorations….I am not sure I poses as factual information as everyone else on this forum and am not as savvy……but I am no slouch….I did sort of time the realestate market…..haven’t bought yet though……..

A house I was REALLY interested in is STILL not on the market and it foreclosed in OCT. and is sitting empty….

[jpinpb]

Yes. There are MANY houses that banks are not doing anything with. A perfect example right here, some realtor had multiple homes and foreclosures keep getting postponed. I’m sure some of you have already seen the latest BMIT site, but for those who haven’t:

http://bubbletracking.blogspot.com/2008/02/real-estate-baroness-de-chula-vista.html

[jpinpb]

Yes. There are MANY houses that banks are not doing anything with. A perfect example right here, some realtor had multiple homes and foreclosures keep getting postponed. I’m sure some of you have already seen the latest BMIT site, but for those who haven’t:

http://bubbletracking.blogspot.com/2008/02/real-estate-baroness-de-chula-vista.html

[jpinpb]

Yes. There are MANY houses that banks are not doing anything with. A perfect example right here, some realtor had multiple homes and foreclosures keep getting postponed. I’m sure some of you have already seen the latest BMIT site, but for those who haven’t:

http://bubbletracking.blogspot.com/2008/02/real-estate-baroness-de-chula-vista.html

[jpinpb]

Yes. There are MANY houses that banks are not doing anything with. A perfect example right here, some realtor had multiple homes and foreclosures keep getting postponed. I’m sure some of you have already seen the latest BMIT site, but for those who haven’t:

http://bubbletracking.blogspot.com/2008/02/real-estate-baroness-de-chula-vista.html

[Author]

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