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no_such_reality
17 years ago

Nice, looks like almost one
Nice, looks like almost one foreclosure for every four sales.

If you look just at resale homes, those that foreclosures are competing against, it gets much worse, closer to one in three.

The bubble info blog highlighted this a little bit ago. The most interesting piece of data was a snapshot of how quickly four established fairly large agents were moving Repo homes. Their pending count was 100. Roughly about two months of pendings though. That’s a good movement, one every other business day.

It gets scary though when you look at their volume and geuss there are maybe another four or eight like them and it foreclosures are still piling up like mad.

Anonymous
Anonymous
17 years ago

Is it possible to get the
Is it possible to get the last chart to go back a little bit further. I always find it interesting to see in relationship to the last cycle.

I realize that the data might not exist, but it would be good to at least see if back to 2000 if possible.

On the first chart, it is interesting to see the slope of the increase relative to the last downcycle in the early 90s’ I remember living through that (in Los Angeles) right after college, so now it will be interesting to see it again, now that I’m actually aware of ‘housing’.

Anonymous
Anonymous
17 years ago
Reply to  Anonymous

Nice work, Rich, by
Nice work, Rich, by normalizing the NODs/NOTs via workforce to allow solid comparisons over time.

Yep, it’s not pretty, now, and will be getting ever uglier.

no_such_reality
17 years ago
Reply to  Anonymous

Ouch, I just glanced over at
Ouch, I just glanced over at Innovest’s foreclosure forum, he’s updated his chart showing June foreclosures on track for 838 up from 614 in May.

Anonymous
Anonymous
13 years ago

All the rules have changed in
All the rules have changed in the last couple of months. Lending banks are now being held accountable for the trap they set, borrowing money they didn’t themselves have, while using loose and illegal practices in the process. The massive lawsuit against Wells Fargo / Wachovia, Indymac / OneWest bank, Citibank, Bank of America, JP Morgan Chase, GMAC…………..can actually, not only put a stop to your foreclosure, but also pause your house payments with no loss to you…………
https://sites.google.com/site/sueyourlendernow/