Forum Replies Created
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AuthorPosts
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Rt.66
ParticipantTVG, Incase you missed this informative post from Lucky In OC on the link you provided:
————–
“Lucky In OCFDIC banking info:
http://www2.fdic.gov/SDI/SOB/Past Due and Nonaccrual Assets – 30-89 days:
. Total:
. Q1-2009 158.3 B
. Q4-2008 157.9 B
. Q4-2007 108.0 B. Construction and land development:
. Q1-2009 20.2 B
. Q4-2008 17.0 B
. Q4-2007 11.4 B. 1-4 family residential properties:
. Q1-2009 75.0 B
. Q4-2008 78.8 B
. Q4-2007 51.5 B. Securred by nonfarm nonresidential properties:
. Q1-2009 14.7 B
. Q4-2008 11.4 B
. Q4-2007 7.5 BAssets past due 90 or more days:
. Total:
. Q1-2009 91.1 B
. Q4-2008 75.5 B
. Q4-2007 31.5 B. Construction and land development:
. Q1-2009 6.4 B
. Q4-2008 5.0 B
. Q4-2007 1.9 B. 1-4 family residential properties:
. Q1-2009 57.0 B
. Q4-2008 46.1 B
. Q4-2007 14.3 B. Securred by nonfarm nonresidential properties:
. Q1-2009 3.0 B
. Q4-2008 2.2 B
. Q4-2007 0.9 BAssets in nonaccral status (Foreclosures?):
. Total:
. Q1-2009 203.2 B
. Q4-2008 160.0 B
. Q4-2007 79.4 B. Construction and land development:
. Q1-2009 55.5 B
. Q4-2008 46.4 B
. Q4-2007 18.4 B. 1-4 family residential properties:
. Q1-2009 78.1 B
. Q4-2008 56.6 B
. Q4-2007 37.5 B. Securred by nonfarm nonresidential properties:
. Q1-2009 21.2 B
. Q4-2008 15.1 B
. Q4-2007 6.9 BLoan Charge-Offs and Recoveries (YTD):
. Total:
. Q1-2009 40.5 B
. Q4-2008 109.6 B
. Q4-2007 53.5 B. Construction and land development:
. Q1-2009 4.7 B
. Q4-2008 16.5 B
. Q4-2007 2.3 B. 1-4 family residential properties:
. Q1-2009 11.2 B
. Q4-2008 27.2 B
. Q4-2007 8.0 B. Securred by nonfarm nonresidential properties:
. Q1-2009 1.1 B
. Q4-2008 2.7 B
. Q4-2007 1.0 BNet Loans and Leases:
. Total:
. Q1-2009 7,540.5 B
. Q4-2008 7,700.1 B
. Q4-2007 7,804.0 B. All real estate loans:
. Q1-2009 4,700.5 B
. Q4-2008 4,705.0 B
. Q4-2007 7.781.8 B. Construction and land development:
. Q1-2009 566.9 B
. Q4-2008 590.9 B
. Q4-2007 629.5 B. 1-4 family residential properties:
. Q1-2009 2,719.6 B
. Q4-2008 2,713.5 B
. Q4-2007 2,852.9 B. Commercial real estate:
. Q1-2009 1,076.9 B
. Q4-2008 1,066.1 B
. Q4-2007 968.7 B———————
Those figures are from the FDIC; is that a reliable enough source for ya? Those stats are UGLY, and getting worse. No bottom here, just a snowball gathering mass.
RealtyTrac under-reports. Properties pop-up and disapear for all sorts of reasons. I saw a house that has been empty for 6 months pop up on RT as preforeclosure and then two weeks later completely disapear from RT. Reason this time?The auction at the courthouse was postponed; the people stopped paying on it a 1.5 years ago and left 6 months ago, yet no foreclosure service shows this house. Its clearly not in the running for a loan mod.
RT are usually really quick at delisting a property once its status changes. Watch a foreclosure on RT that goes to one of those bogus REDC auctions. After the auction date the house will likely disappear from RT, sold or not.
I’m guessing you look at RT and see that Temecula is imploding and simply can’t believe so many people are not paying their mortgage. Temecula was not the first choice of many who live there, they settled because it was what they could afford during the bubble years. So its reasonable that they would throw in the towel on a house underwater by $200k before a guy in SD would.
Why keep paying when you can jingle-mail and start to save up to buy in SD when prices drop way below what they owed in Temecula?
Stop paying in TV in 2008, live free and save $2000. a month for 18 months (gives you $36k for a down), watch as SD RE values plummet for years and then jump back in 2013 when the foreclosure drops off your credit report. I bet they won’t have to wait that long as banks will have to practice foreclosure forgiveness or lose a big, BIG chunk of potential home buyers going forward.
Rt.66
ParticipantTVG, Incase you missed this informative post from Lucky In OC on the link you provided:
————–
“Lucky In OCFDIC banking info:
http://www2.fdic.gov/SDI/SOB/Past Due and Nonaccrual Assets – 30-89 days:
. Total:
. Q1-2009 158.3 B
. Q4-2008 157.9 B
. Q4-2007 108.0 B. Construction and land development:
. Q1-2009 20.2 B
. Q4-2008 17.0 B
. Q4-2007 11.4 B. 1-4 family residential properties:
. Q1-2009 75.0 B
. Q4-2008 78.8 B
. Q4-2007 51.5 B. Securred by nonfarm nonresidential properties:
. Q1-2009 14.7 B
. Q4-2008 11.4 B
. Q4-2007 7.5 BAssets past due 90 or more days:
. Total:
. Q1-2009 91.1 B
. Q4-2008 75.5 B
. Q4-2007 31.5 B. Construction and land development:
. Q1-2009 6.4 B
. Q4-2008 5.0 B
. Q4-2007 1.9 B. 1-4 family residential properties:
. Q1-2009 57.0 B
. Q4-2008 46.1 B
. Q4-2007 14.3 B. Securred by nonfarm nonresidential properties:
. Q1-2009 3.0 B
. Q4-2008 2.2 B
. Q4-2007 0.9 BAssets in nonaccral status (Foreclosures?):
. Total:
. Q1-2009 203.2 B
. Q4-2008 160.0 B
. Q4-2007 79.4 B. Construction and land development:
. Q1-2009 55.5 B
. Q4-2008 46.4 B
. Q4-2007 18.4 B. 1-4 family residential properties:
. Q1-2009 78.1 B
. Q4-2008 56.6 B
. Q4-2007 37.5 B. Securred by nonfarm nonresidential properties:
. Q1-2009 21.2 B
. Q4-2008 15.1 B
. Q4-2007 6.9 BLoan Charge-Offs and Recoveries (YTD):
. Total:
. Q1-2009 40.5 B
. Q4-2008 109.6 B
. Q4-2007 53.5 B. Construction and land development:
. Q1-2009 4.7 B
. Q4-2008 16.5 B
. Q4-2007 2.3 B. 1-4 family residential properties:
. Q1-2009 11.2 B
. Q4-2008 27.2 B
. Q4-2007 8.0 B. Securred by nonfarm nonresidential properties:
. Q1-2009 1.1 B
. Q4-2008 2.7 B
. Q4-2007 1.0 BNet Loans and Leases:
. Total:
. Q1-2009 7,540.5 B
. Q4-2008 7,700.1 B
. Q4-2007 7,804.0 B. All real estate loans:
. Q1-2009 4,700.5 B
. Q4-2008 4,705.0 B
. Q4-2007 7.781.8 B. Construction and land development:
. Q1-2009 566.9 B
. Q4-2008 590.9 B
. Q4-2007 629.5 B. 1-4 family residential properties:
. Q1-2009 2,719.6 B
. Q4-2008 2,713.5 B
. Q4-2007 2,852.9 B. Commercial real estate:
. Q1-2009 1,076.9 B
. Q4-2008 1,066.1 B
. Q4-2007 968.7 B———————
Those figures are from the FDIC; is that a reliable enough source for ya? Those stats are UGLY, and getting worse. No bottom here, just a snowball gathering mass.
RealtyTrac under-reports. Properties pop-up and disapear for all sorts of reasons. I saw a house that has been empty for 6 months pop up on RT as preforeclosure and then two weeks later completely disapear from RT. Reason this time?The auction at the courthouse was postponed; the people stopped paying on it a 1.5 years ago and left 6 months ago, yet no foreclosure service shows this house. Its clearly not in the running for a loan mod.
RT are usually really quick at delisting a property once its status changes. Watch a foreclosure on RT that goes to one of those bogus REDC auctions. After the auction date the house will likely disappear from RT, sold or not.
I’m guessing you look at RT and see that Temecula is imploding and simply can’t believe so many people are not paying their mortgage. Temecula was not the first choice of many who live there, they settled because it was what they could afford during the bubble years. So its reasonable that they would throw in the towel on a house underwater by $200k before a guy in SD would.
Why keep paying when you can jingle-mail and start to save up to buy in SD when prices drop way below what they owed in Temecula?
Stop paying in TV in 2008, live free and save $2000. a month for 18 months (gives you $36k for a down), watch as SD RE values plummet for years and then jump back in 2013 when the foreclosure drops off your credit report. I bet they won’t have to wait that long as banks will have to practice foreclosure forgiveness or lose a big, BIG chunk of potential home buyers going forward.
Rt.66
ParticipantTVG, Incase you missed this informative post from Lucky In OC on the link you provided:
————–
“Lucky In OCFDIC banking info:
http://www2.fdic.gov/SDI/SOB/Past Due and Nonaccrual Assets – 30-89 days:
. Total:
. Q1-2009 158.3 B
. Q4-2008 157.9 B
. Q4-2007 108.0 B. Construction and land development:
. Q1-2009 20.2 B
. Q4-2008 17.0 B
. Q4-2007 11.4 B. 1-4 family residential properties:
. Q1-2009 75.0 B
. Q4-2008 78.8 B
. Q4-2007 51.5 B. Securred by nonfarm nonresidential properties:
. Q1-2009 14.7 B
. Q4-2008 11.4 B
. Q4-2007 7.5 BAssets past due 90 or more days:
. Total:
. Q1-2009 91.1 B
. Q4-2008 75.5 B
. Q4-2007 31.5 B. Construction and land development:
. Q1-2009 6.4 B
. Q4-2008 5.0 B
. Q4-2007 1.9 B. 1-4 family residential properties:
. Q1-2009 57.0 B
. Q4-2008 46.1 B
. Q4-2007 14.3 B. Securred by nonfarm nonresidential properties:
. Q1-2009 3.0 B
. Q4-2008 2.2 B
. Q4-2007 0.9 BAssets in nonaccral status (Foreclosures?):
. Total:
. Q1-2009 203.2 B
. Q4-2008 160.0 B
. Q4-2007 79.4 B. Construction and land development:
. Q1-2009 55.5 B
. Q4-2008 46.4 B
. Q4-2007 18.4 B. 1-4 family residential properties:
. Q1-2009 78.1 B
. Q4-2008 56.6 B
. Q4-2007 37.5 B. Securred by nonfarm nonresidential properties:
. Q1-2009 21.2 B
. Q4-2008 15.1 B
. Q4-2007 6.9 BLoan Charge-Offs and Recoveries (YTD):
. Total:
. Q1-2009 40.5 B
. Q4-2008 109.6 B
. Q4-2007 53.5 B. Construction and land development:
. Q1-2009 4.7 B
. Q4-2008 16.5 B
. Q4-2007 2.3 B. 1-4 family residential properties:
. Q1-2009 11.2 B
. Q4-2008 27.2 B
. Q4-2007 8.0 B. Securred by nonfarm nonresidential properties:
. Q1-2009 1.1 B
. Q4-2008 2.7 B
. Q4-2007 1.0 BNet Loans and Leases:
. Total:
. Q1-2009 7,540.5 B
. Q4-2008 7,700.1 B
. Q4-2007 7,804.0 B. All real estate loans:
. Q1-2009 4,700.5 B
. Q4-2008 4,705.0 B
. Q4-2007 7.781.8 B. Construction and land development:
. Q1-2009 566.9 B
. Q4-2008 590.9 B
. Q4-2007 629.5 B. 1-4 family residential properties:
. Q1-2009 2,719.6 B
. Q4-2008 2,713.5 B
. Q4-2007 2,852.9 B. Commercial real estate:
. Q1-2009 1,076.9 B
. Q4-2008 1,066.1 B
. Q4-2007 968.7 B———————
Those figures are from the FDIC; is that a reliable enough source for ya? Those stats are UGLY, and getting worse. No bottom here, just a snowball gathering mass.
RealtyTrac under-reports. Properties pop-up and disapear for all sorts of reasons. I saw a house that has been empty for 6 months pop up on RT as preforeclosure and then two weeks later completely disapear from RT. Reason this time?The auction at the courthouse was postponed; the people stopped paying on it a 1.5 years ago and left 6 months ago, yet no foreclosure service shows this house. Its clearly not in the running for a loan mod.
RT are usually really quick at delisting a property once its status changes. Watch a foreclosure on RT that goes to one of those bogus REDC auctions. After the auction date the house will likely disappear from RT, sold or not.
I’m guessing you look at RT and see that Temecula is imploding and simply can’t believe so many people are not paying their mortgage. Temecula was not the first choice of many who live there, they settled because it was what they could afford during the bubble years. So its reasonable that they would throw in the towel on a house underwater by $200k before a guy in SD would.
Why keep paying when you can jingle-mail and start to save up to buy in SD when prices drop way below what they owed in Temecula?
Stop paying in TV in 2008, live free and save $2000. a month for 18 months (gives you $36k for a down), watch as SD RE values plummet for years and then jump back in 2013 when the foreclosure drops off your credit report. I bet they won’t have to wait that long as banks will have to practice foreclosure forgiveness or lose a big, BIG chunk of potential home buyers going forward.
Rt.66
ParticipantTVG, Incase you missed this informative post from Lucky In OC on the link you provided:
————–
“Lucky In OCFDIC banking info:
http://www2.fdic.gov/SDI/SOB/Past Due and Nonaccrual Assets – 30-89 days:
. Total:
. Q1-2009 158.3 B
. Q4-2008 157.9 B
. Q4-2007 108.0 B. Construction and land development:
. Q1-2009 20.2 B
. Q4-2008 17.0 B
. Q4-2007 11.4 B. 1-4 family residential properties:
. Q1-2009 75.0 B
. Q4-2008 78.8 B
. Q4-2007 51.5 B. Securred by nonfarm nonresidential properties:
. Q1-2009 14.7 B
. Q4-2008 11.4 B
. Q4-2007 7.5 BAssets past due 90 or more days:
. Total:
. Q1-2009 91.1 B
. Q4-2008 75.5 B
. Q4-2007 31.5 B. Construction and land development:
. Q1-2009 6.4 B
. Q4-2008 5.0 B
. Q4-2007 1.9 B. 1-4 family residential properties:
. Q1-2009 57.0 B
. Q4-2008 46.1 B
. Q4-2007 14.3 B. Securred by nonfarm nonresidential properties:
. Q1-2009 3.0 B
. Q4-2008 2.2 B
. Q4-2007 0.9 BAssets in nonaccral status (Foreclosures?):
. Total:
. Q1-2009 203.2 B
. Q4-2008 160.0 B
. Q4-2007 79.4 B. Construction and land development:
. Q1-2009 55.5 B
. Q4-2008 46.4 B
. Q4-2007 18.4 B. 1-4 family residential properties:
. Q1-2009 78.1 B
. Q4-2008 56.6 B
. Q4-2007 37.5 B. Securred by nonfarm nonresidential properties:
. Q1-2009 21.2 B
. Q4-2008 15.1 B
. Q4-2007 6.9 BLoan Charge-Offs and Recoveries (YTD):
. Total:
. Q1-2009 40.5 B
. Q4-2008 109.6 B
. Q4-2007 53.5 B. Construction and land development:
. Q1-2009 4.7 B
. Q4-2008 16.5 B
. Q4-2007 2.3 B. 1-4 family residential properties:
. Q1-2009 11.2 B
. Q4-2008 27.2 B
. Q4-2007 8.0 B. Securred by nonfarm nonresidential properties:
. Q1-2009 1.1 B
. Q4-2008 2.7 B
. Q4-2007 1.0 BNet Loans and Leases:
. Total:
. Q1-2009 7,540.5 B
. Q4-2008 7,700.1 B
. Q4-2007 7,804.0 B. All real estate loans:
. Q1-2009 4,700.5 B
. Q4-2008 4,705.0 B
. Q4-2007 7.781.8 B. Construction and land development:
. Q1-2009 566.9 B
. Q4-2008 590.9 B
. Q4-2007 629.5 B. 1-4 family residential properties:
. Q1-2009 2,719.6 B
. Q4-2008 2,713.5 B
. Q4-2007 2,852.9 B. Commercial real estate:
. Q1-2009 1,076.9 B
. Q4-2008 1,066.1 B
. Q4-2007 968.7 B———————
Those figures are from the FDIC; is that a reliable enough source for ya? Those stats are UGLY, and getting worse. No bottom here, just a snowball gathering mass.
RealtyTrac under-reports. Properties pop-up and disapear for all sorts of reasons. I saw a house that has been empty for 6 months pop up on RT as preforeclosure and then two weeks later completely disapear from RT. Reason this time?The auction at the courthouse was postponed; the people stopped paying on it a 1.5 years ago and left 6 months ago, yet no foreclosure service shows this house. Its clearly not in the running for a loan mod.
RT are usually really quick at delisting a property once its status changes. Watch a foreclosure on RT that goes to one of those bogus REDC auctions. After the auction date the house will likely disappear from RT, sold or not.
I’m guessing you look at RT and see that Temecula is imploding and simply can’t believe so many people are not paying their mortgage. Temecula was not the first choice of many who live there, they settled because it was what they could afford during the bubble years. So its reasonable that they would throw in the towel on a house underwater by $200k before a guy in SD would.
Why keep paying when you can jingle-mail and start to save up to buy in SD when prices drop way below what they owed in Temecula?
Stop paying in TV in 2008, live free and save $2000. a month for 18 months (gives you $36k for a down), watch as SD RE values plummet for years and then jump back in 2013 when the foreclosure drops off your credit report. I bet they won’t have to wait that long as banks will have to practice foreclosure forgiveness or lose a big, BIG chunk of potential home buyers going forward.
Rt.66
ParticipantWell said Russell.
You are correct, its hard to imagine taking needed services away from those who had the bad luck to be born on the wrong side of the border.
Still, we are going to take state money away from people who work for that state money, and take it from disabled citizens, so we can keep giving it to illegals for freebies? From a black and white stand point it seems easy, but from the humanitarian standpoint we should demand none of these get cut.
I think we should handle this with trade. Instead of making poor illegal children go without medicine we should make it very difficult to buy a foriegn built car until the economy turns around. I see trade as the only answer, we need to keep more money here and we need to stop jobs heading over-seas. More US made goods gives us and new imigrants more jobs.
We are finding out what happens when you ship your moeny and jobs to other countries right now, and the folks on the bottom are feeling it first and worst.
Rt.66
ParticipantWell said Russell.
You are correct, its hard to imagine taking needed services away from those who had the bad luck to be born on the wrong side of the border.
Still, we are going to take state money away from people who work for that state money, and take it from disabled citizens, so we can keep giving it to illegals for freebies? From a black and white stand point it seems easy, but from the humanitarian standpoint we should demand none of these get cut.
I think we should handle this with trade. Instead of making poor illegal children go without medicine we should make it very difficult to buy a foriegn built car until the economy turns around. I see trade as the only answer, we need to keep more money here and we need to stop jobs heading over-seas. More US made goods gives us and new imigrants more jobs.
We are finding out what happens when you ship your moeny and jobs to other countries right now, and the folks on the bottom are feeling it first and worst.
Rt.66
ParticipantWell said Russell.
You are correct, its hard to imagine taking needed services away from those who had the bad luck to be born on the wrong side of the border.
Still, we are going to take state money away from people who work for that state money, and take it from disabled citizens, so we can keep giving it to illegals for freebies? From a black and white stand point it seems easy, but from the humanitarian standpoint we should demand none of these get cut.
I think we should handle this with trade. Instead of making poor illegal children go without medicine we should make it very difficult to buy a foriegn built car until the economy turns around. I see trade as the only answer, we need to keep more money here and we need to stop jobs heading over-seas. More US made goods gives us and new imigrants more jobs.
We are finding out what happens when you ship your moeny and jobs to other countries right now, and the folks on the bottom are feeling it first and worst.
Rt.66
ParticipantWell said Russell.
You are correct, its hard to imagine taking needed services away from those who had the bad luck to be born on the wrong side of the border.
Still, we are going to take state money away from people who work for that state money, and take it from disabled citizens, so we can keep giving it to illegals for freebies? From a black and white stand point it seems easy, but from the humanitarian standpoint we should demand none of these get cut.
I think we should handle this with trade. Instead of making poor illegal children go without medicine we should make it very difficult to buy a foriegn built car until the economy turns around. I see trade as the only answer, we need to keep more money here and we need to stop jobs heading over-seas. More US made goods gives us and new imigrants more jobs.
We are finding out what happens when you ship your moeny and jobs to other countries right now, and the folks on the bottom are feeling it first and worst.
Rt.66
ParticipantWell said Russell.
You are correct, its hard to imagine taking needed services away from those who had the bad luck to be born on the wrong side of the border.
Still, we are going to take state money away from people who work for that state money, and take it from disabled citizens, so we can keep giving it to illegals for freebies? From a black and white stand point it seems easy, but from the humanitarian standpoint we should demand none of these get cut.
I think we should handle this with trade. Instead of making poor illegal children go without medicine we should make it very difficult to buy a foriegn built car until the economy turns around. I see trade as the only answer, we need to keep more money here and we need to stop jobs heading over-seas. More US made goods gives us and new imigrants more jobs.
We are finding out what happens when you ship your moeny and jobs to other countries right now, and the folks on the bottom are feeling it first and worst.
Rt.66
ParticipantI was speaking with a friend who’s kid with special edecuational needs is in 11th grade and needs to get signed-up with the Regional Center for help in early adulthood. The director of their school district says that the SD Regional Center is refusing every new applicant due to budget woes.
$5 billion for illegal freebies has got to stay.
Painful cuts in needed services to disabled CITIZENS = reasonable cuts?
Rt.66
ParticipantI was speaking with a friend who’s kid with special edecuational needs is in 11th grade and needs to get signed-up with the Regional Center for help in early adulthood. The director of their school district says that the SD Regional Center is refusing every new applicant due to budget woes.
$5 billion for illegal freebies has got to stay.
Painful cuts in needed services to disabled CITIZENS = reasonable cuts?
Rt.66
ParticipantI was speaking with a friend who’s kid with special edecuational needs is in 11th grade and needs to get signed-up with the Regional Center for help in early adulthood. The director of their school district says that the SD Regional Center is refusing every new applicant due to budget woes.
$5 billion for illegal freebies has got to stay.
Painful cuts in needed services to disabled CITIZENS = reasonable cuts?
Rt.66
ParticipantI was speaking with a friend who’s kid with special edecuational needs is in 11th grade and needs to get signed-up with the Regional Center for help in early adulthood. The director of their school district says that the SD Regional Center is refusing every new applicant due to budget woes.
$5 billion for illegal freebies has got to stay.
Painful cuts in needed services to disabled CITIZENS = reasonable cuts?
Rt.66
ParticipantI was speaking with a friend who’s kid with special edecuational needs is in 11th grade and needs to get signed-up with the Regional Center for help in early adulthood. The director of their school district says that the SD Regional Center is refusing every new applicant due to budget woes.
$5 billion for illegal freebies has got to stay.
Painful cuts in needed services to disabled CITIZENS = reasonable cuts?
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