Foreclosure folly

can you imagine, the amount of foreclosures, the system being halted coupled with recasts in Aug of this year which will ultimately become more foreclosures beginning around December???click

this message says it all... “It is my opinion that this may be a lull before the next storm,” said McCabe, who is widely quoted in the national financial press as an expert on South Florida's real estate market.

then there's the inventory problem,
click here

Mad max mentioned all the time plunger alert. lower than cost to build 9 years ago.
previously sold for 710 now 3 something? gee I want to step right up, as "this is a great time to buy, prices will never be lower".....

Foreclosures folly could ruin Florida

click

chaos

foreclosure fun, seems paper shuffling, etc. one congreeman wants to halt all foreclosures in florida:click

piles of chaos;click how about the willing particpants, like the publix clerk who qualified for a million dollar mortgage?

Flippers folly

Here's one: click apparently the seller who purchased it from a bank for 400k last year, believes the recession is officially over and the property is now worth 295k more. purchase here: click how bout those 15k year taxes eh......we found one outstanding mtg for 300k. I guess he didn't get memo that I got from the local used house salesman.

Oh look, I like this guy, he predicts a fall in prices: click

more free houses???click

Plunge Alert

asking 390k, waterfront, short water Deerfield: click

price history: Price Reduced: 08/14/09 -- $610,000 to $595,000
Price Reduced: 09/09/09 -- $595,000 to $470,000
Price Reduced: 10/12/09 -- $470,000 to $430,000
Price Reduced: 12/03/09 -- $430,000 to $427,000

purchased in 03 for 397k.
click

Flipper folly??

short sales

I also wonder about this click

they left one source out, greed:click

Free money and free homes:click
we love the comments

zero property tax:click

just for fun we looked at the palm beach foreclosure calander for october 5th,
there are 104 sales that day :click

someone who has trying to get me list my house with them wrote: "The market continues to be polarized. We’ve got lots of inventory….and few buyers. According to (redacted)’ research, this condition is projected to continue for the next 3 -5 years minimally." .

Flippers

3-5 years sell for double?click we think they are in for a huge surprise.

foreclosure folly:click

broward leads in foreclosure filings:click

Let it fall

we have to agree:
click

and we just figured this out now....click

foreclosures:click just wait. the catch me if you can aug 2010 recasts should be hitting about now.

HELOC hell?click

Pending home sales

here's a well put little chart with an eye opening view:click

deliquencies rise:click

old listing, new news, remember 3701 N.E. 34th. paid 775k had a bunch of
plaster architectural features? anyways zip sent me a note it was being adverted as a short sale with asking of 599. dont see it now. someone bought it no doubt,
here is original purchase:

click

Property taxes to increase; click

Hope you had a fun weekend. will try and publish at least twice weekly. wrist still painful.

Plunge Alert

Exisitng home sales plunge; imagine that...




Homes no longer a path to wealth :click 20 years????existitng home sales

Fla realtors get bp dollars:

click

McMansions

are now ixnay in Fort Lauderdale:click

Huge mess coming:click

15 signs headed for total collapse:click

my view, in about 60-90 days from now, those recasts that are happening will start the foreclosure ball steaming along. All those catch me if you can, loans will now be
escalated to points unpredicted.

more foreclosures of builders:

click

Plunge

what goes up.... must come down....click

mcmansion ville horror??click we love the comments

Foreclosure fun:click

appeal deadlines:click

27%

foreclosures and other events caused home values to plummet:click

Economic problems from foreclosures:click

Federal reserve and foreclosures:click

Florida foreclosures the bigger they are:click

get the lead out, new rules concerning homes built before 1978. click

Drywall litigation heats up:click

trapped

19 percent of all home owners trapped:click

More foreclosures could cause double dip recession:

click

Home flippers back:click

first chinese drywall case gets 2.5 million:click

My my

prices in McMansionville tank:click love the comments.

Glug glug: underwater:click

Fell upon this auction site, not sure about it as I havent had the time to research it: click

Biggest losers: LHP....click

sellers

unhappy with realtors:click

here's a list of significant foreclosures, seems Ocean Bank wants their money:
click hotels, condos, you name it. impressive list.

New tax on sale:click

Foreclosures

Oh lookie Florida is first again;click

wait till the end of August when all those exotic interest only catch me if you can loans recast....

oil causing problems for us all:
click

thanks for ref for Pam. will give her a call. Seems nobody is buying the pigeon holes in south beach:

click

case shiller

prices increase in So. Fla. click

Thanks 140 re 51 st. interesting, the seller signed an option to sell in Feb of this year and buyer must have not exercised option,

click I read about all sorts of issues with lead with homes built before 1978 if my memory serves me correctly. has to do with paint. expensive as I recall. not that this had anything to do with this situation.

real estate listing here:
click

speaking of LHP. I sent one of those used house salesmen in LHP an inquiry. told them I might be interested in renting one of their listings. told them I was a home owner with a paid for home, and good tenant etc. self employed. net worth over 1 mil.
never heard back. imagine that. I will remember should I have a need for future services in that area to be sure and avoid this company. typical. times must be ultra good in lhp for the used house salesmen. I will however write the owner directly should I have further interest. Thinking about renting my house and renting out a house further south. want pool, dock, etc. don't want to decrease my standard of living as they say.

Max's mcmansion seems typical. Was out in wellington today on an errand at the mall.
nobody there. I wonder if the city of wellington is still employing janitor fish for the plethora of green pools. no doubt they are.

wrist getting better

Ms. J.

zip

here's a nice little chart from zip showing Florida the worst place to sell a home.
surprise surprise click

death

of blogs ???click

Mortgages

here's a nice little chart:click

3 more years:click

bank repos up..click

More

Gimme more.... foreclosures that is click

shadow inventory?click

double dippers;click

surge:click

50 thousand

foreclosures that is click wait till the Aug recasts in the upper level mtgs..

guess where the 10 worst real estate markets are ?.click

More free home tricks:click

Home loan apps at 13 year low;click

Foreclosures

Up surprise surprise, wait till those recasts in August eh....click

and speed it up would yah? does someone see the coming tsunami?click

Prepare for a dramatic decline in housing, didnt some say housing prices to tank?click


The rich... are walking away:click

Biggest loser

almost half of homes sold, sold at a loss: click

fire sale? we several golf club communities fall into foreclosure:click

Home prices are still to high and going to tankclick

wrist getting better, can type w/both hands although painful.

Worst

case scenario,
we have been watching the oil spill thing, whats the worst case scenario? how about all those wf property owners. One in Pensacola has filed a class action. BP fund managers says not enough money to pay property owners:click never mind oil on your beach what about dead animals and fish and a slurry of noxious toxins?

we saw where the used house salesmen were losing deals of people backing out of WF property.

With the long range predictions of the oil marching up the coast from the keys, what
will this do to sinking values? Time will tell.

Ms. J.