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September 3, 2009 at 4:13 PM in reply to: Banks to Flood the Markets with Foreclosures – CNBC Reports #452853September 3, 2009 at 4:13 PM in reply to: Banks to Flood the Markets with Foreclosures – CNBC Reports #453193
temeculaguy
ParticipantIt’s an interesting theory but there are too many players and loans are spread out all over the country into too many markets (none of which had the same appreciation or depreciation timetables). The various institutions don’t have secret meetings and design the bottom, but there are trends and your prediction may still be correct, but not for those reasons. More than likely the trend in quality of reo’s and areas have more to do with the demographics of the borrowers. The shakiest buyers with the riskiest loans (subprime toxic loans) went early and had few resources to avoid foreclosure. They were more likely to strip their place and more likely to not have put much into it or take care of it, thus the crappier ones were the bulk of the early foreclosures. As unemployment spread a little upwards and trouble shifted into prime, the houses were in different places and in better shape. None of this applies to “all” reo’s, just the trend.
I do think your fall 2009 prediction will be accurate, I just don’t think it was by design.
September 3, 2009 at 4:13 PM in reply to: Banks to Flood the Markets with Foreclosures – CNBC Reports #453266ParticipantIt’s an interesting theory but there are too many players and loans are spread out all over the country into too many markets (none of which had the same appreciation or depreciation timetables). The various institutions don’t have secret meetings and design the bottom, but there are trends and your prediction may still be correct, but not for those reasons. More than likely the trend in quality of reo’s and areas have more to do with the demographics of the borrowers. The shakiest buyers with the riskiest loans (subprime toxic loans) went early and had few resources to avoid foreclosure. They were more likely to strip their place and more likely to not have put much into it or take care of it, thus the crappier ones were the bulk of the early foreclosures. As unemployment spread a little upwards and trouble shifted into prime, the houses were in different places and in better shape. None of this applies to “all” reo’s, just the trend.
I do think your fall 2009 prediction will be accurate, I just don’t think it was by design.
September 3, 2009 at 4:13 PM in reply to: Banks to Flood the Markets with Foreclosures – CNBC Reports #453456ParticipantIt’s an interesting theory but there are too many players and loans are spread out all over the country into too many markets (none of which had the same appreciation or depreciation timetables). The various institutions don’t have secret meetings and design the bottom, but there are trends and your prediction may still be correct, but not for those reasons. More than likely the trend in quality of reo’s and areas have more to do with the demographics of the borrowers. The shakiest buyers with the riskiest loans (subprime toxic loans) went early and had few resources to avoid foreclosure. They were more likely to strip their place and more likely to not have put much into it or take care of it, thus the crappier ones were the bulk of the early foreclosures. As unemployment spread a little upwards and trouble shifted into prime, the houses were in different places and in better shape. None of this applies to “all” reo’s, just the trend.
I do think your fall 2009 prediction will be accurate, I just don’t think it was by design.
Participant[quote=Mortgage Mentor]Here is a link to my site: http://www.YourFhaGuru.com for everything you ever wanted to know about FHA.
Bill[/quote]
This is a faux paus, it’s not a yellow card ejection, not even a 15 yard unsportsmanlike penaly, just a friendly warning that 5 day members wont be taken seriously if their third post ever contains a link to their “for profit” website, service or business.
While facts are welcome, expert opinion and frontline reports are encouraged, marketing is frowned upon, especially for new members.
Welcome to the site, bill, your opinion and input may be valuable, but no more links to your site until you’ve put in some time and some heavy lifting. It’s mostly for your benefit, this is a rough crowd and not one to market to without thinking about it, if you so much as charge a piggy $50 more than someone else would, there will be hundreds of posts and threads about it, and your future non-piggington clients will easily find it using google and your name or website name. These guys will write three pages of posts about a $10 charge from the cable company that they feel was unwarranted. We are the “fine print readers” and we can be more trouble than we are worth.
Participant[quote=Mortgage Mentor]Here is a link to my site: http://www.YourFhaGuru.com for everything you ever wanted to know about FHA.
Bill[/quote]
This is a faux paus, it’s not a yellow card ejection, not even a 15 yard unsportsmanlike penaly, just a friendly warning that 5 day members wont be taken seriously if their third post ever contains a link to their “for profit” website, service or business.
While facts are welcome, expert opinion and frontline reports are encouraged, marketing is frowned upon, especially for new members.
Welcome to the site, bill, your opinion and input may be valuable, but no more links to your site until you’ve put in some time and some heavy lifting. It’s mostly for your benefit, this is a rough crowd and not one to market to without thinking about it, if you so much as charge a piggy $50 more than someone else would, there will be hundreds of posts and threads about it, and your future non-piggington clients will easily find it using google and your name or website name. These guys will write three pages of posts about a $10 charge from the cable company that they feel was unwarranted. We are the “fine print readers” and we can be more trouble than we are worth.
Participant[quote=Mortgage Mentor]Here is a link to my site: http://www.YourFhaGuru.com for everything you ever wanted to know about FHA.
Bill[/quote]
This is a faux paus, it’s not a yellow card ejection, not even a 15 yard unsportsmanlike penaly, just a friendly warning that 5 day members wont be taken seriously if their third post ever contains a link to their “for profit” website, service or business.
While facts are welcome, expert opinion and frontline reports are encouraged, marketing is frowned upon, especially for new members.
Welcome to the site, bill, your opinion and input may be valuable, but no more links to your site until you’ve put in some time and some heavy lifting. It’s mostly for your benefit, this is a rough crowd and not one to market to without thinking about it, if you so much as charge a piggy $50 more than someone else would, there will be hundreds of posts and threads about it, and your future non-piggington clients will easily find it using google and your name or website name. These guys will write three pages of posts about a $10 charge from the cable company that they feel was unwarranted. We are the “fine print readers” and we can be more trouble than we are worth.
Participant[quote=Mortgage Mentor]Here is a link to my site: http://www.YourFhaGuru.com for everything you ever wanted to know about FHA.
Bill[/quote]
This is a faux paus, it’s not a yellow card ejection, not even a 15 yard unsportsmanlike penaly, just a friendly warning that 5 day members wont be taken seriously if their third post ever contains a link to their “for profit” website, service or business.
While facts are welcome, expert opinion and frontline reports are encouraged, marketing is frowned upon, especially for new members.
Welcome to the site, bill, your opinion and input may be valuable, but no more links to your site until you’ve put in some time and some heavy lifting. It’s mostly for your benefit, this is a rough crowd and not one to market to without thinking about it, if you so much as charge a piggy $50 more than someone else would, there will be hundreds of posts and threads about it, and your future non-piggington clients will easily find it using google and your name or website name. These guys will write three pages of posts about a $10 charge from the cable company that they feel was unwarranted. We are the “fine print readers” and we can be more trouble than we are worth.
Participant[quote=Mortgage Mentor]Here is a link to my site: http://www.YourFhaGuru.com for everything you ever wanted to know about FHA.
Bill[/quote]
This is a faux paus, it’s not a yellow card ejection, not even a 15 yard unsportsmanlike penaly, just a friendly warning that 5 day members wont be taken seriously if their third post ever contains a link to their “for profit” website, service or business.
While facts are welcome, expert opinion and frontline reports are encouraged, marketing is frowned upon, especially for new members.
Welcome to the site, bill, your opinion and input may be valuable, but no more links to your site until you’ve put in some time and some heavy lifting. It’s mostly for your benefit, this is a rough crowd and not one to market to without thinking about it, if you so much as charge a piggy $50 more than someone else would, there will be hundreds of posts and threads about it, and your future non-piggington clients will easily find it using google and your name or website name. These guys will write three pages of posts about a $10 charge from the cable company that they feel was unwarranted. We are the “fine print readers” and we can be more trouble than we are worth.
Participant[quote=sdgrrl]Here are some pics of ice plant
Blooming:
http://www.nps.gov/prsf/naturescience/images/ice_plant.jpg
Not so bloomy:
http://www.sac.edu/HomePages/nigro_dan/Ice_Plant.jpg%5B/quote%5D
I like the rosea iceplant, but I like the kind that does the purple carpet thing. I looked at the pics that sdgrl posted and while the flower is the same, the plant is different from what I was thinking of. Here are some pics I found of the one I like, the green part isn’t smooth, they have this lining redhawk parway in my hood, it looks like carpet or purple snow at times, not a speck of green is visible and it doesn’t have the thick, smooth plant leaves.
notice the green part resembles a worm as opposed to a sword, it should be obvious that i don’t know jack about plants, I just know that the purple carpet stuff is neato!
Participant[quote=sdgrrl]Here are some pics of ice plant
Blooming:
http://www.nps.gov/prsf/naturescience/images/ice_plant.jpg
Not so bloomy:
http://www.sac.edu/HomePages/nigro_dan/Ice_Plant.jpg%5B/quote%5D
I like the rosea iceplant, but I like the kind that does the purple carpet thing. I looked at the pics that sdgrl posted and while the flower is the same, the plant is different from what I was thinking of. Here are some pics I found of the one I like, the green part isn’t smooth, they have this lining redhawk parway in my hood, it looks like carpet or purple snow at times, not a speck of green is visible and it doesn’t have the thick, smooth plant leaves.
notice the green part resembles a worm as opposed to a sword, it should be obvious that i don’t know jack about plants, I just know that the purple carpet stuff is neato!
Participant[quote=sdgrrl]Here are some pics of ice plant
Blooming:
http://www.nps.gov/prsf/naturescience/images/ice_plant.jpg
Not so bloomy:
http://www.sac.edu/HomePages/nigro_dan/Ice_Plant.jpg%5B/quote%5D
I like the rosea iceplant, but I like the kind that does the purple carpet thing. I looked at the pics that sdgrl posted and while the flower is the same, the plant is different from what I was thinking of. Here are some pics I found of the one I like, the green part isn’t smooth, they have this lining redhawk parway in my hood, it looks like carpet or purple snow at times, not a speck of green is visible and it doesn’t have the thick, smooth plant leaves.
notice the green part resembles a worm as opposed to a sword, it should be obvious that i don’t know jack about plants, I just know that the purple carpet stuff is neato!
Participant[quote=sdgrrl]Here are some pics of ice plant
Blooming:
http://www.nps.gov/prsf/naturescience/images/ice_plant.jpg
Not so bloomy:
http://www.sac.edu/HomePages/nigro_dan/Ice_Plant.jpg%5B/quote%5D
I like the rosea iceplant, but I like the kind that does the purple carpet thing. I looked at the pics that sdgrl posted and while the flower is the same, the plant is different from what I was thinking of. Here are some pics I found of the one I like, the green part isn’t smooth, they have this lining redhawk parway in my hood, it looks like carpet or purple snow at times, not a speck of green is visible and it doesn’t have the thick, smooth plant leaves.
notice the green part resembles a worm as opposed to a sword, it should be obvious that i don’t know jack about plants, I just know that the purple carpet stuff is neato!
Participant[quote=sdgrrl]Here are some pics of ice plant
Blooming:
http://www.nps.gov/prsf/naturescience/images/ice_plant.jpg
Not so bloomy:
http://www.sac.edu/HomePages/nigro_dan/Ice_Plant.jpg%5B/quote%5D
I like the rosea iceplant, but I like the kind that does the purple carpet thing. I looked at the pics that sdgrl posted and while the flower is the same, the plant is different from what I was thinking of. Here are some pics I found of the one I like, the green part isn’t smooth, they have this lining redhawk parway in my hood, it looks like carpet or purple snow at times, not a speck of green is visible and it doesn’t have the thick, smooth plant leaves.
notice the green part resembles a worm as opposed to a sword, it should be obvious that i don’t know jack about plants, I just know that the purple carpet stuff is neato!
ParticipantMore than likely they are just the prices sold back to the bank, redfin culls the data from the recorders office. When you see a map of redfin sold homes (or any other website that does the same thing) and the price is silly high or silly low, just check the sales history for clues. If there is a recorded sale in 2006 for 600k and a recent sale for 640k, while the comps are 300k, that’s the trustee sale back to the bank, it still records like any other sale. Sometimes it’s a silly low price because multiple lenders were involved but they don’t total them for the recording and it’s not always the highest that is picked up by the data sites. If you see a 2006 600k sale on the history and a 550k sale from early 2009 and then a 300k sale last month, that is not a bad flipper, that’s the bank taking it back for the amount owed in january and then the new buyer for a more more market based price of 300k.
Sold means the owner changed, it does not always mean that it was sold on the open market, but any good repo stalker knows, those are the ones in the “on deck” circle.
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