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dtod.wordpress.com - 10/18/2009

Why do banks cancel foreclosure liquidation auctions?

— dtod.wordpress.com — It is happening more and more every day. In some areas of the country it is the rule not the exception. This trend will get larger and larger, creating a real dilemma for everyone involved, as it is unclear what happens next and what to do about this situation. It is like the groom not ... (more) Why do banks cancel foreclosure liquidation auctions?

Foreclosure Crisis

Anglo Irish Bank

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24/7 Wall St.:  Foreclosures Hit Quarterly Record Giving Housing Market No Hope

Calculated Risk:  RealtyTrac: Foreclosure Activity Increases in Q3

Millionaire Now!

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346 Idaho properties went to banks by foreclosure in Sept 2009, well over twice as many as in any of the last 12 months http://bit.ly/vPe3p 10/20/2009

346 properties went to banks by foreclosure in September 2009, well over twice as many as in any of the last 12 months http://bit.ly/vPe3p 10/20/2009

So is this... Q3 foreclosures set a record: http://bit.ly/vPe3p 10/15/2009

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Foreclosures Hit Quarterly Record Giving Housing Market No Hope
24/7 Wall St. — There may be some signs of a sharply improving economy. The FOMC notes released yesterday indicate that the Fed believes that GDP will start to pick up quickly next year. The housing market is not part of the recovery. It may be a lagging indicator like unemployment is. If so, the lag is significant. According to new data from real estate research firm ...

RealtyTrac: Foreclosure Activity Increases in Q3
Calculated Risk — From RealtyTrac: U.S. Foreclosure Activity Increases 5 Percent in Q3 RealtyTrac® ... today released its U.S. Foreclosure Market Report™ for Q3 2009, which shows that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 937,840 properties in the third quarter, a 5 percent increase from the previous quarter and an increase of nearly 23 percent from Q3 2008. One in every 136 U.S. housing units received a foreclosure filing during the quarter — the highest quarterly foreclosure rate since RealtyTrac began issuing its report ...

Millionaire Now! — Slight uptick in Bay Area home sales and prices: Home sales in the Bay Area edged up in September as buyers scrambled to take advantage of low mortgage interest rates as well as a tax credit due to expire at the end of November. The median sale price rose slightly from August ... full story Click on graph for larger image in new window. This is slide 18 from the Citi Presentation. This slide shows the increase in mortgage delinquencies and Gerspach discusses the impact of HAMP. Apparently the increase in the 90 to 179 day bucket is due to ...