lender owned: The Truth, The Whole Truth, So Help Me REG
- 04/20/11 03:24 PM
There is so much confusion in the media about the Foreclosure Market in California. Every other headline is a complete contradiction of the last one. It is time we all start reading beyond the headlines and look at the numbers if we are going to survive the next 48-60 months of this different market. Note I said" Different" not "Difficult". Every market has a Silver Lining in my over 20 years of experience. With over 50% of all sales last month being distressed sales as reported by CAR today we all better wakey-wakey and we get our heads out of the sand before someone comes along and shoots … (0 comments)
lender owned: CA REO's UP 51% in 1 Month
- 02/16/11 09:19 AM
CA REO's UP 51% in 1 Month Anyone that thought the REO market had come to a halt in California got their minds slappedhard yesterday when the January foreclosure numbers were released. Recent releases of Robo Sigining and Holiday Moratoriums have been lifted and the flood gates have once again been opened and none of this takes the Alt-A and Option ARM resets mid 2011 which will also be at yet another crisis proportion into account.
The above chart from Foreclosureradar.com shows the huge jump in REO's which exceeded the 1 month total in more than a year. BTW the numbers above are in … (0 comments)
lender owned: LA County Foreclosure Agent REO Workshops
- 09/05/10 01:53 AM
LA County Foreclosure Agent REO Workshops REO is a very complicated and unusual field. Representing 30-40% of all closed sales so far this year with no end in sight. It is estimated that there is over 40 months of backed up shadow inventory waiting in the wings. Over 500,000 loan modifications were canceled last month and only 25% of those will qualify for a short sale leaving 75% to be added to the next wave which will include the ALT-A and Option ARM's which represnted over 80% of all loans made at the top of the market that are due to reset this year and … (2 comments)
There is so much confusion in the media about the Foreclosure Market in California. Every other headline is a complete contradiction of the last one. It is time we all start reading beyond the headlines and look at the numbers if we are going to survive the next 48-60 months of this different market. Note I said" Different" not "Difficult". Every market has a Silver Lining in my over 20 years of experience. With over 50% of all sales last month being distressed sales as reported by CAR today we all better wakey-wakey and we get our heads out of the sand before someone comes along and shoots … (0 comments)
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