please

please rob me:click

2011:click maybe....

not normal:click

double dippers:click

Fooled

we mentioned this before, but this is really well put, re: the foreclosure auction websites:click

here is another activist site:click
not to mention that the home in question may have chinese drywall or been vandalized.

speaking of drywall: the assesor is giving reductions with documentation:


click

80 percenter:click

Faux

Recovery of they arent buying it:click

More nails;click

Exisitinghome sales:click

Yun's yarn:??click oh happy days are here again....

and yet.....click

percenters

24 percent of all....click
Fraud in miami.. naw.....click

Probably:click

Foreclosure ban:click

Streets

Main street and wall street:click

grim reminders:click

best performing housing markets:click

intervention:click

shiller

says:click

Focusing on foreclosures:click

Housing and the FHA:click

double dippers:click

chinese drywall:click 80 million and 100 million pounds between 04-06 coming here....

Shiller

We have been waiting for the case shiller: click

we see 2521 N.E. 32nd. the harvest gold stove model has price reduced to 808k. still way over priced in my view, and that... is why homes are overpriced. 1. they were either bought in the "heat" of the bubble or they were indebted and used like piggy banks. perfect example.

speaking of pigs, in pokes that is: click be careful out there.

overdue:click

Mortgages

will have to be restructered:click

Good business decision?click

Freeze:click how's this gonna work when most homes are higly indebted, in fact way more than they will ever be worth in the next decade?? in my view.?

arithmetic?click

plunger alert: thanks to 2500 for this one.
Plunger of the day. This tract home McMansion is newly listed on the MLS and sports a rather modest 3700 sq ft.

ON MLS: H872030 asking $370K
Purchased: 7/2006 for $836K

http://www.bcpa.net/RecInfo.asp?URL_Folio=514031021540

$466K (56%) loss.

How does the $370K asking price affect the adjacent.

Purchased: 7/2006 for $818K
Purchased: 7/2006 for $827K

Oh my!

Crystal Ball

housing that is:click

Shortage? we disagree;click

short today having network issues. see yah tomorrow.

ms J.

more

more late that is:click

Plunger Alert: thanks to 140 for this one. wow. look at previous sale and look at current. even at 520k. they might.. of paid too much. if seeking alpha is right.
click

manipulation:click

we love this article:click the title is misleading, the information is more interesting.

bank

and subprime?click

Plunger Alert: purchase here:click note its interesting that the bank of new york has owned this property since june of 09 and the listing on realtor.com says on site 41 days??
shadow inventory anyone??? me thinks its a comparable with the 399k one featured yesterday, buts thats me. listing here:click

we late:click

shadow inventory

but then you knew this:click

plunger alert thanks to 140. purchase here for 620k: click

Listing here:click no pool but to me its on par with the harvest gold stove unit for 800k. we find no mortgages, but then that doesnt mean anything.

the coming deluge:click

countrywide

pays 20 million fine in florida:click
I still say nobody held a gun to these people's head and said "sign here". my view only.

Mcmansion ghetto:click

new wave of foreclosures:click

Free rent:click could this be to
balance the books so to speak?

High End

takes a hit:click

Up and down:click

Plunger alert:
purchase price 1.5 in 05 click
Listing here: click adverted as short sale on zip along with photos. been on site almost 300 days. alas, this is the one with the harvest gold stove !! the city of lhp has filed a lien this month and bank united has filed an LP in October.whether its the same home, I didnt look but you can, if you are interested.

As I remember, this was a couple of neighbors who got together and put it on the pass line so to speak.

Foreclosures:click

Plunger Alert

price history here:
Price Reduced: 08/03/09 -- $1,100,000 to $1,000,000
Price Reduced: 08/05/09 -- $1,000,000 to $950,000
Price Reduced: 09/03/09 -- $950,000 to $900,000
Price Reduced: 10/15/09 -- $900,000 to $875,000
Price Reduced: 11/06/09 -- $875,000 to $850,000
Price Reduced: 11/17/09 -- $850,000 to $800,000
Price Reduced: 01/22/10 -- $800,000 to $750,000
listing here:click

Purchase here:click on site 300 days. Aurora loan services appears to have filed an LP in september of 09 for 777k and assignment in November. or in other words if I read the records correctly the house is now indebted approximately 400k more than they paid for it. Now you why some homes have such high asking prices.

Foreclosures fall:

click

cruises craigslist lots of homes adverted with "wish" prices of one million plus, even saw several higher priced. big change in the profile of adverts on craigslist.

Foreclosures:click

New Rules

for Florida click

Plunger alert from 2500 max.( thanks as always)

ON MLS: M1322064 as of 17 hours ago asking $329,900.00

Purchased: 7/2006 for $850,000.00

http://www.bcpa.net/RecInfo.asp?URL_Folio=513925052930

How does $330K asking price affect the adjacent ones.

Purchased: 3/2005 for $535K
Purchased: 11/2002 for $431K, this is another foreclosure and it too is owned by the exact same bank. WOW!

These tract home McMansions are absolutely getting pounded.

Oh my my!

Double dippers:click


No NO NO:click

Storms

commerical RE storms:click

Down:click

Where is housing headed:click

10 cities:click

Intervention

continues:click

great one thanks to 2500 Max:
click

New rules:click

what no more fsbo appliances and kitchen sales?click

bills

Bill of rights for homeowners?click

A fifth:click

more of the same; glug glug:click

Halt:click

be sure and check out plunger alert below.

Plunger Alert

click

Note: taxes over 20k/year.
price history: Price Reduced: 06/23/08 -- $1,495,000 to $1,350,000
Price Reduced: 09/13/08 -- $1,350,000 to $1,295,000
Price Reduced: 04/13/09 -- $1,295,000 to $1,125,000
Price Reduced: 09/09/09 -- $1,125,000 to $995,000

listing here.


Chase filed an LP in 08, Glen Wright Jr has a final judgement. I read about that company being in foreclosure, bankruptcy, something of that nature if its one in the same.

more plunging: click what recovery???

bonanza

I think most of this article is window dressing for the local used house sales, I do however agree wholeheartedly with the very last line. This isnt the bottom and probably won't be for another year. click

Plungers? thats ok. they just will raise the rates. click

Seriously:click


double dippers:click

Half of homes sell at a loss;click hmm is the post bipolar???

wants

what boomers want:click

Foreclosure without court hearing:click

Flipping folly:click

appraisals the new organized crime:click

Foreclosures

I got a question, what good is mediation if the person doesnt want the home any longer or can't afford to pay it??click

walking away: click

which comes to mind. all the online auctions we saw were highly indebted properties that were in no way worth anything close to the starting auction price. Note: we didnt do a long and detailed look. But wouldn't it stand to reason that is the case, that's why the property is being foreclosed???

we saw 66 NE 11th way sold. orig asking price 878k, sold for 817. which is way more than I would have paid for it. click and 18k plus taxes a year.

8 years

What interesting about this article is that it rings the same as the other article with bubble peak 8 years to go. its also a good view of income to price ratios:
click

second wave looms:click August comes to my mind.

bubble ver 2.0?click

2330 N.E. 48th st: click Le Canadians..... seller is original owner since 99.

bigger

The bigger they are the harder they fall: click

We talked to a used house salesmen yesterday about the reality of the market.
Here is what he said. There are lots of people with 2 million plus cash looking but they want to buy a 4 million house. answer: wouldn't you ?? I would be doing same thing if I was in that situation. Problem is, not many sellers with 4 million dollar homes are that motivated. Thus there are 52 plus homes around here for sale.

We looked at the online auction. What appears to be.. they are auctioning off for the amounts owed and in my opinion on the few that I looked at, were way over mortgaged and not worth the auction price. But we didn't spend a lot of time there.

more later our internet connection has been down most of the am.

Ms. J.

10 percenters

If 10 percenters will owe more than is valued than make that 20 would yah being that 10 percent are deliquent:click

catch a falling knife:click
price history:
Price Reduced: 03/03/09 -- $1,400,000 to $1,200,000
Price Reduced: 04/14/09 -- $1,200,000 to $980,000
Price Reduced: 04/20/09 -- $980,000 to $850,000
Price Reduced: 07/24/09 -- $850,000 to $845,000
Price Reduced: 09/29/09 -- $845,000 to $749,518
Price Increased: 09/29/09 -- $749,518 to $849,518
Price Reduced: 12/03/09 -- $849,518 to $799,418
Price Reduced: 02/04/10 -- $799,418 to $650,000

adverted as short sale with owner financing? paid 599k. appears to be 2 home owner.
click

final judgement entered by hsbc bank on 10/19 for 775 and change. property tax lien filed in september.

Nearly 100k foreclosures:

click

more coming:click

More walking away

Miami condo owner;click

We are going to watch the online auction at click the post reported 700 people signed up as far away as italy. I have two questions, how do you know that you are not buying an empty shell that has been vandalized. 2.it appears that auction price is what is owed and instances we have looked at is way more than what the property is worth. I will have a look and report back.

we read today:
"About 5.1 million mortgage holders (or roughly 10% of Americans with mortgages) will own homes that are worth 75% or less than what they owe on their mortgages by mid-June. This is the conclusion of a new study by First American CoreLogic"

forclosure folly:

click
bad sign for foreclosures, credit cards first.
click

tracks

It seems we are right on track with the seeking alpha article in our reading room.
quoted 2010:" buyers emerge, as this must be the bottom "in 2014 they predict prices to go to 1994 levels. I am still amazed. I can just hear it now, "this is the bottom, this property is 50 percent off what it was a couple of years ago, prices will never be at this level again, you had better buy now, or you will miss the bottom, in a couple of years this house will be back to those levels" all spoken by someone who has a fiduciary interest in you... believing these statements. hook line and sinker.

this one is being adverted as 86 percent off. and great deal.... of of what... a hugely inflated price?
check price history:
Price Reduced: 06/04/08 -- $1,299,000 to $1,199,500
Price Reduced: 07/17/08 -- $1,199,500 to $1,099,500
Price Reduced: 09/30/08 -- $1,099,500 to $999,500
Price Reduced: 10/17/08 -- $999,500 to $949,500
Price Reduced: 10/20/08 -- $949,500 to $899,500
Price Reduced: 11/11/08 -- $899,500 to $849,500
Price Reduced: 01/02/09 -- $849,500 to $829,500
Price Reduced: 01/15/09 -- $829,500 to $799,500
Price Reduced: 02/17/09 -- $799,500 to $749,500
Price Reduced: 04/27/09 -- $749,500 to $729,500
Price Reduced: 09/27/09 -- $729,500 to $727,777
Price Reduced: 11/25/09 -- $727,777 to $699,900

Listing here; click

Purchase here: click

It appears to be free and clear without a mtg.

crushing:click

more free money: click

Pending home sales;click

foreclosure folly

thanks to 2500 max for this one;
Here is a tract home McMansion that was bought as a foreclosure 1/2010 (CET) that is a whopping 65%($620K) off the last sale price.

This big boy sports greater than 4200 sq ft.

http://www.bcpa.net/RecInfo.asp?URL_Folio=513936025070

How does this affect the adjacent property.

Purchased: 8/2004 for $450K
Purchased: 12/2006 for $780K

Oh My!

2500 sq ft Max.

and
3305 N.E. 39th. orig asking 1,000,900 sold for 982k.
click
nothing like paying 30k year in taxes to look out a window as they say. previous sale 1.7.

Meanwhile trends:click

Latest fixes;cclick