bubble oil and trouble
here's a goody from the times click
still typing w/one hand. been watching the oil thing, this in my opinion has high probabilty of failure and has a high probability of coastal damage here, especially if we have a hurricane. if interested theoildrum.com is ameeting place for geologist and other petro professionals, the implications of real estate destruction is something to be considered.
the press has been silent regarding gulfstream fluid communication and the potential
for air and water contaminates.
there is even unsubstaniated rumor of planned mass evacuations if needed.
we live on an island, across street from water, and will keep a keen eye on events.
ms. j
Tuesday, June 1, 2010
Wednesday, May 26, 2010
Thursday, May 20, 2010
walking away
Saturday, May 15, 2010
Thursday, May 13, 2010
bottom ?
"RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for April 2010, which shows that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 333,837 properties in April, a 9 percent decrease from the previous month and a 2 percent decrease from April 2009. One in every 387 U.S. housing units received a foreclosure filing during the month.
“There were two important milestones in the April numbers that show foreclosure activity has begun to plateau — but at a very high level that will not drop off in the near future,” said James J. Saccacio, chief executive officer of RealtyTrac. “April was the first month in the history of our report with an annual decrease in U.S. foreclosure activity. Secondly, bank repossessions, or REOs, hit a record monthly high for the report even while default notices dropped substantially on a monthly and annual basis. We expect a similar pattern to continue for most of this year, with the overall numbers staying at a high level and ripples of activity hitting the various stages of the foreclosure process as lenders systematically work through the backlog of distressed properties.”
Foreclosure Activity by Type During the month a total of 103,762 properties received default notices (NOD, LIS), a decrease of 12 percent from the previous month and a decrease of 27 percent from April 2009 — when default activity peaked at more than 142,000.
Foreclosure auctions (NTS, NFS) were scheduled for the first time on a total of 137,643 properties during the month, a decrease of 13 percent from the previous month — when auction activity peaked with more than 158,000 properties scheduled for auction for the first time. Auction activity was up 1 percent from April 2009.
Bank repossessions (REOs) hit a record monthly high for the report in April, with a total of 92,432 properties repossessed by lenders during the month — an increase of 1 percent from the previous month and an increase of 45 percent from April 2009. Bank repossessions were less than 1 percent above their previous peak of 92,182 in December 2009. "
“There were two important milestones in the April numbers that show foreclosure activity has begun to plateau — but at a very high level that will not drop off in the near future,” said James J. Saccacio, chief executive officer of RealtyTrac. “April was the first month in the history of our report with an annual decrease in U.S. foreclosure activity. Secondly, bank repossessions, or REOs, hit a record monthly high for the report even while default notices dropped substantially on a monthly and annual basis. We expect a similar pattern to continue for most of this year, with the overall numbers staying at a high level and ripples of activity hitting the various stages of the foreclosure process as lenders systematically work through the backlog of distressed properties.”
Foreclosure Activity by Type During the month a total of 103,762 properties received default notices (NOD, LIS), a decrease of 12 percent from the previous month and a decrease of 27 percent from April 2009 — when default activity peaked at more than 142,000.
Foreclosure auctions (NTS, NFS) were scheduled for the first time on a total of 137,643 properties during the month, a decrease of 13 percent from the previous month — when auction activity peaked with more than 158,000 properties scheduled for auction for the first time. Auction activity was up 1 percent from April 2009.
Bank repossessions (REOs) hit a record monthly high for the report in April, with a total of 92,432 properties repossessed by lenders during the month — an increase of 1 percent from the previous month and an increase of 45 percent from April 2009. Bank repossessions were less than 1 percent above their previous peak of 92,182 in December 2009. "
Wednesday, May 12, 2010
plunger
plunger alert: listing here purchase here click it appears not verified only mtg is for 27k. adverted as short sale.. it also appears that one of the ownes expired according to records today.
too bad about the deerfield school system horrific event and bad press.
too bad about the deerfield school system horrific event and bad press.
Monday, May 10, 2010
Sunday, May 9, 2010
wrist watch
external fixator and seven pins later....had surgery and getting better slowly.
still typing w/one hand.
I see today in sentinel that condos have new financing visa vie fannie mae.... oh goodie....click
now that sucker season has passed... can't wait for the recasts in August.
falling: click
the used house salesman was here... admitting that things are mighty slow out there.
still typing w/one hand.
I see today in sentinel that condos have new financing visa vie fannie mae.... oh goodie....click
now that sucker season has passed... can't wait for the recasts in August.
falling: click
the used house salesman was here... admitting that things are mighty slow out there.
Friday, April 9, 2010
blog
I just returned from e.r. room, I broke my wrist again..needmessw to say,
typing one handed is not easy. sooooo. I dunno when I will be able to blog again....
ouch..... thank you for your support
miss j.
typing one handed is not easy. sooooo. I dunno when I will be able to blog again....
ouch..... thank you for your support
miss j.
Up
up and away:click
Plunger alert; ding ding ding: here is a cute little cottage; purchased in 04
for 485k; click
looks if mortgage is for 385k, if I read the record correcty. on the market for 56 days at: $399.00 click we predict high 2,s low 3,s.
Here's another with a wish price;click complete with fire hydrant. according to my reading of the records 950k is owed. purchased for;
clickbeen on the market for over 600 days...
rmbs up in every state:click
Plunger alert; ding ding ding: here is a cute little cottage; purchased in 04
for 485k; click
looks if mortgage is for 385k, if I read the record correcty. on the market for 56 days at: $399.00 click we predict high 2,s low 3,s.
Here's another with a wish price;click complete with fire hydrant. according to my reading of the records 950k is owed. purchased for;
clickbeen on the market for over 600 days...
rmbs up in every state:click
Thursday, April 8, 2010
entitlements
click
house mentioned yesterday. from what i read is heavily indebted. there are two lp's filed according to what I read. thats why they are asking 665 and adverted as short sale. I wasnt interested enough to look up the loan amounts. Bet is goes back to the bank/s.
Jumbo increased defaults:click August is going to be interesting with the recasts on these loans.
McMansion
Plunger Alert: looks like this was has been around since 08: click
listing here;click
house mentioned yesterday. from what i read is heavily indebted. there are two lp's filed according to what I read. thats why they are asking 665 and adverted as short sale. I wasnt interested enough to look up the loan amounts. Bet is goes back to the bank/s.
Jumbo increased defaults:click August is going to be interesting with the recasts on these loans.
McMansion
Plunger Alert: looks like this was has been around since 08: click
listing here;click
Wednesday, April 7, 2010
No mcMansions
at least not in Palm Beach County historic districts:click
Here's what the inventory really looks like:click
Foreclosures slide : so say:click
I see the used house salesmen not posting the addresses on certain homes. big secrets??
here's one: click purchase here;clickadverted as a short sale, bank united filed an LP on 3/16/10 and b of a filed on 1/81/0 listing says unit leased. wonder if the lessee persons know about the lp's?
New rules:click
Here's what the inventory really looks like:click
Foreclosures slide : so say:click
I see the used house salesmen not posting the addresses on certain homes. big secrets??
here's one: click purchase here;clickadverted as a short sale, bank united filed an LP on 3/16/10 and b of a filed on 1/81/0 listing says unit leased. wonder if the lessee persons know about the lp's?
New rules:click
Tuesday, April 6, 2010
Monday, April 5, 2010
Sunday, April 4, 2010
Friday, April 2, 2010
Thursday, April 1, 2010
We recently got an email from the local used house salesman company. what is significant is the following "we have qualified buyers but there remains a disconnect between what buyers are willing to pay and what sellers are willing to accept". imagine that. perhaps sellers are suffering from "ed" ego and or debt?
The end:click
case shiller break down:
click
foreclosure roundup:click
record low:click
The end:click
case shiller break down:
click
foreclosure roundup:click
record low:click
Wednesday, March 31, 2010
Extend and Pretend
Meditiation in Broward: click
Real estate and Reits:click guess they havent seen the numerous retail ghost towns around here.
waiting for the end:click
Mcmansionville: you dont have to look very far to find samething around here. can anyone say wellington with janitor fish laden pools?click or Mad Max's plungers???
Real estate and Reits:click guess they havent seen the numerous retail ghost towns around here.
waiting for the end:click
Mcmansionville: you dont have to look very far to find samething around here. can anyone say wellington with janitor fish laden pools?click or Mad Max's plungers???
Tuesday, March 30, 2010
Plunger Alert
ding ding ding: purchase here for 1.375 and foreclosure: click its on zip with the incorrect #, for 692,900. directly on the intercoastal in the drive fast zone. No mention of bank ownership.
broward auctions go live today:click be careful out there. chances are if its too good a deal, it isnt. its a second lien by a bank of hoa. They don't tell you that part.
The tax man:clickits not to hard to figure out that taxes will be on the rise to makeup for the shortfall. at least the way we see it here.
How low will it go:click
broward auctions go live today:click be careful out there. chances are if its too good a deal, it isnt. its a second lien by a bank of hoa. They don't tell you that part.
The tax man:clickits not to hard to figure out that taxes will be on the rise to makeup for the shortfall. at least the way we see it here.
How low will it go:click
Sunday, March 28, 2010
2015
2015 mortgages will be underwater till:click
we are having weather issues today short blog. connection down. flooded. surprise surprise here in the wilderderness of pb county.
mad max plunger of the day:
Anonymous said...
Another one that did not hold its value that was paid brand new.
Sold: 3/2010 for $380K
New Price: 10/2007 for $829K
http://www.bcpa.net/RecInfo.asp?URL_Folio=514031031100
That is a major short sale. $449K (54%) loss in just over 2 years time.
How does this recent $380K sales price affect the adjacent.
Purchased: 11/2007 for $629K
Purchased: 8/2007 for $892K
Oh my!
2500 sq ft Max.
we are having weather issues today short blog. connection down. flooded. surprise surprise here in the wilderderness of pb county.
mad max plunger of the day:
Anonymous said...
Another one that did not hold its value that was paid brand new.
Sold: 3/2010 for $380K
New Price: 10/2007 for $829K
http://www.bcpa.net/RecInfo.asp?URL_Folio=514031031100
That is a major short sale. $449K (54%) loss in just over 2 years time.
How does this recent $380K sales price affect the adjacent.
Purchased: 11/2007 for $629K
Purchased: 8/2007 for $892K
Oh my!
2500 sq ft Max.
Not Yet
bottom not yet, nice chart:click
The bigger they are: we first saw this house from the water, it strongly appealed to me because I am from the Pacific, and seeing the familiar architecture it immediately peaked my interest. That was in 07. Unfortunately the house inside is not representative of the architecture in my opinion at all and plus there are 65k year (gasp) taxes which I would never pay ,I am not a club person and its way too big for us. But it was fun to ponder for a while. Out of curiosity been watching the house, someone purchased it from an estate in 07 for 3.5 and now it is listed for 3,4999. listing here:
click it is rumoured speculators who paid cash.
purchase here:
purchase It is also rumoured that the flippers put around 250k in the house trying to make it more asian inspired. Owning for 3 years, plus upgrades and commissions might add up to around 500k plus loss.
Extend and pretend:
click
Mad max plunger of the day;
Massive tract home McMansion foreclosure that the bank took back 3/22/2010. This baby sports a rather impressive 4600 sq ft.
Are you ready for this...purchased 5/2006 for $1.2 million. Thats is correct, over $1 mil for a tract home. Assessor says market is $655K. Could this be a strategic default or a failed short sale?
http://www.bcpa.net/RecInfo.asp?URL_Folio=513925053580
How does this massive foreclosure affect the adjacent.
Purchased: 4/2007 for $725K
Purchased: 10/2008 for $475K (this was also a foreclosure, origianl price 11/2004 for $950K)
The price on these tract home McMansions are falling straight down.
Oh my!
2500 sq ft Max.
The bigger they are: we first saw this house from the water, it strongly appealed to me because I am from the Pacific, and seeing the familiar architecture it immediately peaked my interest. That was in 07. Unfortunately the house inside is not representative of the architecture in my opinion at all and plus there are 65k year (gasp) taxes which I would never pay ,I am not a club person and its way too big for us. But it was fun to ponder for a while. Out of curiosity been watching the house, someone purchased it from an estate in 07 for 3.5 and now it is listed for 3,4999. listing here:
click it is rumoured speculators who paid cash.
purchase here:
purchase It is also rumoured that the flippers put around 250k in the house trying to make it more asian inspired. Owning for 3 years, plus upgrades and commissions might add up to around 500k plus loss.
Extend and pretend:
click
Mad max plunger of the day;
Massive tract home McMansion foreclosure that the bank took back 3/22/2010. This baby sports a rather impressive 4600 sq ft.
Are you ready for this...purchased 5/2006 for $1.2 million. Thats is correct, over $1 mil for a tract home. Assessor says market is $655K. Could this be a strategic default or a failed short sale?
http://www.bcpa.net/RecInfo.asp?URL_Folio=513925053580
How does this massive foreclosure affect the adjacent.
Purchased: 4/2007 for $725K
Purchased: 10/2008 for $475K (this was also a foreclosure, origianl price 11/2004 for $950K)
The price on these tract home McMansions are falling straight down.
Oh my!
2500 sq ft Max.
Saturday, March 27, 2010
expansion
new plan expands:click
142 home sites:click
The bigger they are; click
Mad max plunger alert:
Here we have the latest tract home McMansion taking a major price pounding. On the MLS as of 14 hours ago. This baby sports a rather impressive 4200 sq ft.
MLS: M1379795 asking $395K
Purchased: 5/2007 for $793K
http://www.bcpa.net/RecInfo.asp?URL_Folio=514031020970
That is a $398K (50%) loss.
Hows does the $395K asking price affect the adjacent.
Purchased: 12/2006 for $696K
Purchased: 4/2009 for $415K
(this was also a foreclosure original price new in 2007 was $795K)
2500 sq ft Max.
142 home sites:click
The bigger they are; click
Mad max plunger alert:
Here we have the latest tract home McMansion taking a major price pounding. On the MLS as of 14 hours ago. This baby sports a rather impressive 4200 sq ft.
MLS: M1379795 asking $395K
Purchased: 5/2007 for $793K
http://www.bcpa.net/RecInfo.asp?URL_Folio=514031020970
That is a $398K (50%) loss.
Hows does the $395K asking price affect the adjacent.
Purchased: 12/2006 for $696K
Purchased: 4/2009 for $415K
(this was also a foreclosure original price new in 2007 was $795K)
2500 sq ft Max.
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