foreclosure statistics: Foreclosure Sales in San Diego County Being Canceled in Record Numbers - 12/21/09 03:42 PM
According to ForeclosureRadar, a Northern California-based data company that monitors California's distressed property market, Trustee's Sales (also known as foreclosure sales) are being canceled in record numbers.
For those of you who work the short sale market, this comes a no big shock. It is fairly simple to get a foreclosure or Trustee's Sale postponed if you have the determination, the tenacity, the time, and a lot of patience.
Roger Showley, a staff writer for the San Diego Union Tribune summarizes the statistics with regard to the percentage of sales being postponed and cancelled. It's interesting stuff. You may want to … (5 comments)

foreclosure statistics: Don't Want to Work Foreclosures or Short Sales? Well . . . - 08/26/09 08:47 PM
Don't Want to Work Foreclosures or Short Sales? Well . . . you had better start rethinking your game plan.
Disclaimer: I know that many agents are doing quite well in certain areas of the United States and Canada, despite the recession and problems with the current economic climate. However, for those agents who are having trouble putting lots of deals into their pipeline, check out this chart:

This chart shows the sub-prime Option Arm resets in billions of dollars that are coming our way. I've seen lots of statistics about percentages of individuals having trouble making payments on their loan … (4 comments)

foreclosure statistics: What's Coming Our Way? More Short Sales, More REOs? - 08/10/09 06:46 PM
No matter where you look, no matter what you read, you hear that more is coming our way. But, more of what?
I went to a meeting last week where everyone was speaking about the fact that asset management companies are holding back the properties that have already been foreclosed--waiting until the prices rise before listing those properties for sale. Then, just one day later, I went to another meeting where folks said that this just was not true--that the banks need their money, so they unleash those properties once they got into the bank's portfolio.
So, where are all of … (4 comments)

foreclosure statistics: San Diego County Foreclosure Statistics - 08/07/09 05:22 PM
Working in San Diego County requires a significant knowledge of the numbers. Lots of Realtors want to become REO listing agents. Far less are interested in listing short sales-primarily because they are time-consuming to negotiate and do not always result in a commission check. Those reasons do make a fairly compelling argument not to list and work short sales.
However, the numbers-the real statistics-make a compelling argument for helping homeowners who are facing foreclosure.
There are many, many sites out there that can provide foreclosure data. Title companies can also help us to obtain statistics. If you work in San Diego … (2 comments)

 
Melissa Zavala, Broker, Escondido Real Estate, San Diego County (Broadpoint Properties) Ambassador large

Melissa Zavala

Broker, Escondido Real Estate, San Diego County

Escondido, CA

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Address: 220 West Second Avenue, Escondido, CA, 92025

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