Despite low rates, apps fall: click here
interesting graphic:click here
americas fastest recovering cities:click here
My list home sale found: click here the asking price was 649k, looks like they sold to some flippers for 400k. I always thought that's what the homes would be worth. on site 662 days. according to my notes paid 900k. the fun has just begun....
note; we are taking a break beginning tuesday of next week for the thanksgiving holidays, be back following monday. going to go be with friends in their beach house on the ocean on the west coast of florida. Looking forward to it, we havent been anywhere in 4 years other than business.
Sunday, November 22, 2009
Friday, November 20, 2009
14 percent
14 percent of mortgages now in default:click here
waxing and waning?click here the conjecture has always been 2010???
google and land grab;click here
this edition will be short this am, as we were up late at the veterinary ER with one of our kids, getting stitches, 325.00 later, and no sleep, our four legged fur kid is on the mend. we are going back to the rack !!
waxing and waning?click here the conjecture has always been 2010???
google and land grab;click here
this edition will be short this am, as we were up late at the veterinary ER with one of our kids, getting stitches, 325.00 later, and no sleep, our four legged fur kid is on the mend. we are going back to the rack !!
Thursday, November 19, 2009
Past Due
Record delinguency:click here
Home prices going down:
click here the logical equation if one is unemployed or owns commerical re, which is another time bomb. Been to any retail ghost towns lately? was at downtown at the gardens, unbelievable, its like a huge exit sign was posted. Some really high end outlets which had spent tons of money on establishing brands and ambience. I counted three stores open, in the indoor corridor, which by the way since opening I had never been in, since the parking is less than desirable. Amazing the wealth that has just dissappeared with these establishiments. I wouldnt want to be the property owner which is now said to be a bank, taxes still go on and without paying renters/lease holders, it can be get very very expensive.
foreclosures and delinquency hit all time high: click here
Home prices going down:
click here the logical equation if one is unemployed or owns commerical re, which is another time bomb. Been to any retail ghost towns lately? was at downtown at the gardens, unbelievable, its like a huge exit sign was posted. Some really high end outlets which had spent tons of money on establishing brands and ambience. I counted three stores open, in the indoor corridor, which by the way since opening I had never been in, since the parking is less than desirable. Amazing the wealth that has just dissappeared with these establishiments. I wouldnt want to be the property owner which is now said to be a bank, taxes still go on and without paying renters/lease holders, it can be get very very expensive.
foreclosures and delinquency hit all time high: click here
Wednesday, November 18, 2009
mortgages
more mortgages late:click here
This is very well written in my view, questions and answers;click here
we cant find any of the homes mentioned on "my list" on the mls. but then I only did a quick cursory search.
we are number two:click here
Americans are delusional about pricing: or isn't this the truth...
click here
This is very well written in my view, questions and answers;click here
we cant find any of the homes mentioned on "my list" on the mls. but then I only did a quick cursory search.
we are number two:click here
Americans are delusional about pricing: or isn't this the truth...
click here
my list
Here is my list I have been watching, mostly for curiousity than anything else. all have been marked inactive on zip but property records and county records show no changes other than the one in LHP has a lP filed from century bank on the 11th of this month. As said it will be interesting to see if... they were sold and what for.
3316 N.E. 40th bank repo Lasalle bank 564,300
3308 N.E 39th ; gadol, flippers 876k. on and relisted more than once
302 charroux dr.: 925k. jupiter
3701 N.E. 34th: stoddard: flipper 689k
2378 N.E. 28th 1.5 Nu Level LLC; LP filed 11/9
someone bought the house down the street from me. some guy from the back woods of michigan, relisted it at considerably more than any of these houses have ever sold for. amazing. is this the face of the real estate rebound, the greed gremlin?
Here is another interesting one. I have been watching this one for almost 2 years.
purchased was a developer from chicago, paid 767 I knew the loan was due in aug 2010.
I see by the records he gave it back to the bank for less than they paid. Interesting lot. not sure about location though. this represents over a 200k loss.
click here
by the way indymac is the proud owner of 116 properties according to records today.
trainwreck:
click here
3316 N.E. 40th bank repo Lasalle bank 564,300
3308 N.E 39th ; gadol, flippers 876k. on and relisted more than once
302 charroux dr.: 925k. jupiter
3701 N.E. 34th: stoddard: flipper 689k
2378 N.E. 28th 1.5 Nu Level LLC; LP filed 11/9
someone bought the house down the street from me. some guy from the back woods of michigan, relisted it at considerably more than any of these houses have ever sold for. amazing. is this the face of the real estate rebound, the greed gremlin?
Here is another interesting one. I have been watching this one for almost 2 years.
purchased was a developer from chicago, paid 767 I knew the loan was due in aug 2010.
I see by the records he gave it back to the bank for less than they paid. Interesting lot. not sure about location though. this represents over a 200k loss.
click here
by the way indymac is the proud owner of 116 properties according to records today.
trainwreck:
click here
Tuesday, November 17, 2009
Florida
22 percent of all loans are late;click here
We cruised our list at zip of homes we watch, we noticed that six were no longer active, but in checking the property records all the original owners appear on the records, they have either been re-listed or are pending, it will be interesting to see. One is the Lasalle bank property in bermuda riveria.
Thanks the comment re moderator. As luck would have it on the day they shut down our merchant account, which I consider theft, we had someone who urgently needed an expensive pump part in Thailand and the only way to charge it quickly was through our google merchant account. we lost the deal, and the buyer ended up going elsewhere I cant blame him. I am still struggling with being angry over that part of the equation. My superiors were less than pleased as you can imagine.
We export yacht and boat parts all over the world in our real job and made a mistake in my view counting on something that obviously is not reliable. enough said. they will probably take this blog away again for saying this, but if so go to southfloridabubbletrouble.wordpress.com. eventually I will have it running.
one quarter of homebuyers want foreclosures;
click here
We cruised our list at zip of homes we watch, we noticed that six were no longer active, but in checking the property records all the original owners appear on the records, they have either been re-listed or are pending, it will be interesting to see. One is the Lasalle bank property in bermuda riveria.
Thanks the comment re moderator. As luck would have it on the day they shut down our merchant account, which I consider theft, we had someone who urgently needed an expensive pump part in Thailand and the only way to charge it quickly was through our google merchant account. we lost the deal, and the buyer ended up going elsewhere I cant blame him. I am still struggling with being angry over that part of the equation. My superiors were less than pleased as you can imagine.
We export yacht and boat parts all over the world in our real job and made a mistake in my view counting on something that obviously is not reliable. enough said. they will probably take this blog away again for saying this, but if so go to southfloridabubbletrouble.wordpress.com. eventually I will have it running.
one quarter of homebuyers want foreclosures;
click here
Monday, November 16, 2009
Blog Back
This blog is back. Due to google's captcha software we were deleted along with several others.
I have set up an alternate at wordpress but havent finished it yet, I will, should they shut me down again, go to wordpress. Since I was also the most vocal and highly
frustrated, this being the second time in less than six months, the last being August 2nd, I think I was put at the end of the list. other people who didnt complain as bitterly appeared to get their back sooner.
We also have a merchant account and along with them deleting this blog, they shut down our email address and merchant account a day later we got it back. more about that later. tomorrow i will be cleaning up the blog and bringing you all the latest news.
Ms. J.
I have set up an alternate at wordpress but havent finished it yet, I will, should they shut me down again, go to wordpress. Since I was also the most vocal and highly
frustrated, this being the second time in less than six months, the last being August 2nd, I think I was put at the end of the list. other people who didnt complain as bitterly appeared to get their back sooner.
We also have a merchant account and along with them deleting this blog, they shut down our email address and merchant account a day later we got it back. more about that later. tomorrow i will be cleaning up the blog and bringing you all the latest news.
Ms. J.
Tuesday, November 10, 2009
intervention
the intervening of several land owners, ie, banks, and fannie, freddie wont last forever as evidenced in the followingclick here
shadow inventory:click here good video at same place.
catch a falling rock?click here
Foreclosures soar:click here
shadow inventory:click here good video at same place.
catch a falling rock?click here
Foreclosures soar:click here
Monday, November 9, 2009
2010
make money in 2010?? click here
In pictures or a pictures is worth a thousand words:click here
Apartment buldings foreclosed:click here by the way according to property records there were over 768 instances of the word "bank" owning property in broward county.
In pictures or a pictures is worth a thousand words:click here
Apartment buldings foreclosed:click here by the way according to property records there were over 768 instances of the word "bank" owning property in broward county.
FHA
more money: click here
real estate flat.
click herenote: most markets, I dont think thats us with rampant foreclosures to the point that courts cant handle the paperwork.
as in, see below. putting off the inevitable?click here or 1 in 158?
south florida comment on underwater;click here doesnt add up if 1 in 158 are on the verge?
real estate flat.
click herenote: most markets, I dont think thats us with rampant foreclosures to the point that courts cant handle the paperwork.
as in, see below. putting off the inevitable?click here or 1 in 158?
south florida comment on underwater;click here doesnt add up if 1 in 158 are on the verge?
Sunday, November 8, 2009
Pigs N Banks
click here er....everybody is doing it ....
Wells fargo transforms:click here
Credit extended:click here
Know what I see, lots of factions trying really really hard to subsidize and pump the market. Banks allegedly withholding inventory, billions in tax credits, fannie mae leasing back, wells fargo transforming to avoid foreclosures, mediation for foreclosures, know what I think.. what about the strategic walk aways? do they care??? what about unemployment? what about homes were priced in the stratosphere to begin with and no matter how much you hold your breath, in the form of manipulation, the fervor of greed, fraud and stupidity wont happen again, thats what I think and that 1960's box is never going to be worth 2 million again...no matter how much you borrowed against it.....there I said it....is this a sucker's rally??? there I feel better now.....
Condo troubles;
click here
Wells fargo transforms:click here
Credit extended:click here
Know what I see, lots of factions trying really really hard to subsidize and pump the market. Banks allegedly withholding inventory, billions in tax credits, fannie mae leasing back, wells fargo transforming to avoid foreclosures, mediation for foreclosures, know what I think.. what about the strategic walk aways? do they care??? what about unemployment? what about homes were priced in the stratosphere to begin with and no matter how much you hold your breath, in the form of manipulation, the fervor of greed, fraud and stupidity wont happen again, thats what I think and that 1960's box is never going to be worth 2 million again...no matter how much you borrowed against it.....there I said it....is this a sucker's rally??? there I feel better now.....
Condo troubles;
click here
Friday, November 6, 2009
Magic word
The magic word for today is....."prolonged deterioriation in housing ", this is singularly the most important sentence in the whole article; click here
smoke and mirrors?click here
Different;click here couldnt the same be said about residential re????
The green eyed gremlin of greed....click here
smoke and mirrors?click here
Different;click here couldnt the same be said about residential re????
The green eyed gremlin of greed....click here
GMAC
click here cars and homes......speaking of which, GMAC is the proud owner of 55 broward properties as of today, I never knew they did home loans.....
thanks 140 we saw the article about fannie renting earlier: here it is from wsj:click here or everyone will have a house whether they want one or not...almost... some of these loans as I understand could be more than 600k? I might be wrong.amazing. everyone wants to prop things up. or is so sure that the inflated prices of earlier will return and are doing their level best to assure same. not.....
Here is a goodie a friend sent to me: The housing bust final chapter:
click here
272 a day, act surprised would you.....click here
thanks 140 we saw the article about fannie renting earlier: here it is from wsj:click here or everyone will have a house whether they want one or not...almost... some of these loans as I understand could be more than 600k? I might be wrong.amazing. everyone wants to prop things up. or is so sure that the inflated prices of earlier will return and are doing their level best to assure same. not.....
Here is a goodie a friend sent to me: The housing bust final chapter:
click here
272 a day, act surprised would you.....click here
Wednesday, November 4, 2009
Game
why the game is rigged;click here and then there's the shadow inventory being held back by banks who want to manipulate the market. If I owned almost 1k properties I would probaby do the same thing.
short sales: click here
clogging:click here
Deliberate:click here or put options in real estate 101.
short sales: click here
clogging:click here
Deliberate:click here or put options in real estate 101.
walking away
click here I know someone who did this, took the money borrowed and bought another home in another state and now is getting that loan refinanced, amazing. Im doing something wrong here....
How to get 100k a year tax free almost.....we happened to know someone who lives in this neighborhood, lien here:click here pur chase here:click here .you can now view foreclosure sales for sarasota county with calendar at: http://www.sarasota.realforeclosee.com, looks like lots more in the pipe line. note these are not liens but sales. house is a tear down in our opinion be interesting to see what it eventually sells for.
with all the hype its difficult to know whats real when the person telling you something has a vested interest in convincing you of something.
speaking of shadow inventory: (broward records only)
bank ownership as of 11/3/09, note some may be actual banking sites, commercial property etc.
deutsche 971
hsbc 326
jp morgan 18
regions 24
wamu 83
us bank 419
la salle 123
wells frgo 412
chevy chase 12
aurora 216
b of a 184
wachovia 119
bnk of ny 297
bnk of ny mellon 136
300Billion and counting:click here
How to get 100k a year tax free almost.....we happened to know someone who lives in this neighborhood, lien here:click here pur chase here:click here .you can now view foreclosure sales for sarasota county with calendar at: http://www.sarasota.realforeclosee.com, looks like lots more in the pipe line. note these are not liens but sales. house is a tear down in our opinion be interesting to see what it eventually sells for.
with all the hype its difficult to know whats real when the person telling you something has a vested interest in convincing you of something.
speaking of shadow inventory: (broward records only)
bank ownership as of 11/3/09, note some may be actual banking sites, commercial property etc.
deutsche 971
hsbc 326
jp morgan 18
regions 24
wamu 83
us bank 419
la salle 123
wells frgo 412
chevy chase 12
aurora 216
b of a 184
wachovia 119
bnk of ny 297
bnk of ny mellon 136
300Billion and counting:click here
Monday, November 2, 2009
Over
far from over or the fat lady hasnt sung:click here
waiting for the mcmansion to drop:click here
43 percent..... believable,
click here
How come none of the local rags are dancing in the streets from yesterday pending sales/???hmmmmmmmm
ah.. pending home sales:click here
waiting for the mcmansion to drop:click here
43 percent..... believable,
click here
How come none of the local rags are dancing in the streets from yesterday pending sales/???hmmmmmmmm
ah.. pending home sales:click here
slashed
click here how bout they were over priced to start with?
Foreign:click here
Kings X:click here
History of home values;click here
Faux numbers;click here
more drywall:clickhere
Foreign:click here
Kings X:click here
History of home values;click here
Faux numbers;click here
more drywall:clickhere
Sunday, November 1, 2009
Holes
gaping holes that is, in option arms;click here
Over and over/click here
I didn't know this, chinese drywall and taxes: click here which brings to question, if someone is looking at property and finds a tax reduction due to stated drywall issues, would not that bring a question mark as to anyone wanting to purchase????? or you cant have it both ways.
more bad press;click here
Over and over/click here
I didn't know this, chinese drywall and taxes: click here which brings to question, if someone is looking at property and finds a tax reduction due to stated drywall issues, would not that bring a question mark as to anyone wanting to purchase????? or you cant have it both ways.
more bad press;click here
Saturday, October 31, 2009
Moodys
problems with Alt A and other products:click here
google and real estate: click here
this is very cool: crime reports on a map for pb county: click here
google and real estate: click here
this is very cool: crime reports on a map for pb county: click here
Friday, October 30, 2009
Rigged
the game is rigged but then you knew that....click here
Shiller speaks:click here we love the comments, especially about the shadow inventory.
Vacant: click here
Auction:click here
Shiller speaks:click here we love the comments, especially about the shadow inventory.
Vacant: click here
Auction:click here
Wednesday, October 28, 2009
Sliders
Mortgage applications that is: click here
Dippidity do down:click here
stuck:click here
Foreclosures worst cities:click here
Dippidity do down:click here
stuck:click here
Foreclosures worst cities:click here
million
3 million and counting that is: click here
New home sales:click here
More plumping:click here
Foreclosures falling;click here wonder why that is?? courts jammed up ?
New home sales:click here
More plumping:click here
Foreclosures falling;click here wonder why that is?? courts jammed up ?
Tuesday, October 27, 2009
case shiller
fails to tame the bears: click here
Uncle adds 5 percent to price of housing:click hereso sayeth the banksters.
2010:click here
Uncle adds 5 percent to price of housing:click hereso sayeth the banksters.
2010:click here
Monday, October 26, 2009
Unhealthy
this is unbelievable this is still.... going on. click here
Fantasy housing numbers: click here
We like the comments on this one, especially, a mortgage is nothing more than a put option.....click here interesting comment.
Real estate agents are not lawyers:click here and shouldnt be considered financial advisers either in our opinion.
" dumb as lawn furniture"? click here
Fantasy housing numbers: click here
We like the comments on this one, especially, a mortgage is nothing more than a put option.....click here interesting comment.
Real estate agents are not lawyers:click here and shouldnt be considered financial advisers either in our opinion.
" dumb as lawn furniture"? click here
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