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NOD/foreclosure process speeding up in CA?!?

By ktdid   Follow   Mon, 9 Apr 2012, 8:08pm   3,947 views   22 comments
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I am in foreclosure, stopping mortgage payment since 11/11. I did not receive an NOD from the bank. However, I kept getting calls from a realtor. I finally called them and he said that an NOD was filed on 3/21/12 (Though the slime-bucket said he had"No idea why" he was calling me!). I called the county and it is true. Guess I am the last to know!

Another person on another board says he stopped payment at the same time and his was filed 3/20/12. Apparently they are getting MUCH faster at spewing out the paperwork (since the DA's settled??).....the rape and plunder at a frenetic pace I guess.

Since there are realtor's (and many realtor-foes!) here, I also wonder about another experience. I got a bit creeped out last week when I looked up my house on Zillow. Since the NOD was filed, my house has an MLS, but contains information about the house being "move in ready" and that I put hardwood flooring though out the home since I bought it.
Someone (a realtor??) has been doing some serious snooping on my property to find this out! After I read that, just for once I wish my dogs were biters!

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1. FortWayne Follow Befriend (13) 102 threads 3,759 comments

   1   8:10pm Mon 9 Apr 2012   Share   Quote   Permalink   Like   Dislike   banks are planning to release all foreclosure inventory first or second quarter next year, so the process is getting streamlined.

2. bubblesitter Follow Befriend (5) 10 threads 2,329 comments

   2   12:07pm Tue 10 Apr 2012   Share   Quote   Permalink   Like   Dislike   ktdid says NOD/foreclosure process speeding up in CA?!? If it is true,it is good news for buyers in waiting.

3. Mobi Follow Befriend 1 threads 238 comments

   3   12:15pm Tue 10 Apr 2012   Share   Quote   Permalink   Like   Dislike   As an investor, my impression is things (foreclosures) start to move faster. For an area I was looking far, there were almost nothing in my price range for a while until last months that there popped up 1-2 unit every week. I suggest people (looking for REOs) wait for a little while before jumping in (YMMV.)

4. Shawn Follow Befriend 3 threads 106 comments San Diego, CA

   4   3:11pm Tue 10 Apr 2012   Share   Quote   Permalink   Like   Dislike   FortWayne says banks are planning to release all foreclosure inventory first or second quarter next year, so the process is getting streamlined. Quality Auto Repair Since 1979 Source?

5. TMAC54 Follow Befriend (9) 70 threads 930 comments San Leandro, CA

   5   7:29pm Tue 10 Apr 2012   Share   Quote   Permalink   Like   Dislike   FortWayne says banks are planning to release all foreclosure inventory first or second quarter next year, so the process is getting streamlined. That's the least they could do to reciprocate for Obama.

6. sean7825 Follow Befriend 12 comments sean7825's website

   6   9:51am Wed 11 Apr 2012   Share   Quote   Permalink   Like   Dislike   Start to end the process has sped up a little the last few months, but the volume of foreclosures continues to decline. For State/County/City/Zip stats on both volume and timeframes click here: www.foreclosureradar.com/california. Despite some belief to the contrary we strongly believe there will be no wave of foreclosures. Even if there were we'd see it begin to show in the foreclosure stats as much as a year before it had any direct impact on the market, in terms of REO listings.

7. joshuatrio Follow Befriend 41 threads 703 comments Monterey, CA

   7   10:06am Wed 11 Apr 2012   Share   Quote   Permalink   Like (1)   Dislike   My neighbor hasn't made a payment for 2 years. He got a 30 day notice the other day.

8. PockyClipsNow Follow Befriend 19 threads 1,534 comments Los Angeles, CA

   8   10:41am Wed 11 Apr 2012   Share   Quote   Permalink   Like   Dislike   If foreclosures speed up the stock market will tank, so it wont happen. Its the 'squatter stimulous'.

9. jerrypap Follow Befriend 21 comments

   9   12:13pm Wed 11 Apr 2012   Share   Quote   Permalink   Like   Dislike   ktdid says (Though the slime-bucket said he had"No idea why" he was calling me!) Who is the slime bucket here? You are the one who has chosen to not make payments on your home. As far as I am concerned, you should not be considered its rightful owner when you have defaulted on your original promise to pay for it.

10. Danaseb Follow Befriend (1) 142 comments San Jose, CA

    10   12:39pm Wed 11 Apr 2012   Share   Quote   Permalink   Like   Dislike   jerrypap says ktdid says (Though the slime-bucket said he had"No idea why" he was calling me!) Who is the slime bucket here? You are the one who has chosen to not make payments on your home. As far as I am concerned, you should not be considered its rightful owner when you have defaulted on your original promise to pay for it. who isnt the slimebucket? It isn't capitalism without people dumping bad investments like hot potatoes; regardless of unenforced obligation.

11. slin Follow Befriend 26 comments male

    11   6:02pm Wed 11 Apr 2012   Share   Quote   Permalink   Like (2)   Dislike   Could someone tell me who the slime bucket is who forged the note on my 275,000.00 home after losing my down payment of 42,000.00 .I would be an idiot to pay for a home that I will never own because someone else holds the note. Why would someone make payments on a home that has lost 47% of it's value not because of natural market forces but by all the fraud going on in the system by the real slime buckets that created and made millions and billions while the working class lost millions and billions so therefore anyone who dare call a home buyer a slime bucket for refusing to get taken anymore are the real idiots.

12. Tom Stone Follow Befriend 34 threads 62 comments Sebastopol, CA

    12   7:33pm Wed 11 Apr 2012   Share   Quote   Permalink   Like   Dislike   Yes, the foreclosure are happening more quickly. I strongly recommend reading the Aequitas associates Audit of SF foreclosures. Abigail Field (Reality Check)and Yves Smith (Naked capitalism) have covered these issues well over the years and "StopForeclosureFraud" Blog has interesting links.REO are sometimes attractively priced but be sure you are familiar with the potential problems with Title and take the appropriate steps to protect yourself.

13. E-man Follow Befriend (31) 34 threads 2,543 comments San Jose, CA Premium

    13   9:14pm Wed 11 Apr 2012   Share   Quote   Permalink   Like   Dislike   Protected   ktdid How much did you pay for the house & how much do you think it is worth now? What year did you buy it, and which county is it in? Thx. :)

14. ktdid Follow Befriend 2 threads 3 comments

    14   10:39pm Wed 11 Apr 2012   Share   Quote   Permalink   Like   Dislike   E-man says ktdid How much did you pay for the house & how much do you think it is worth now? What year did you buy it, and which county is it in? Thx. :) Learn from your victory. Prosper from your failure. A lot of questions(!) What I will say is that I put 40% down (ouch) in June '07. According to Zillow, I am 75k under water, but I believe it is more like 100-125k.

15. robertoaribas Follow Befriend (23) 55 threads 3,765 comments Scottsdale, AZ robertoaribas's website

    15   12:01am Thu 12 Apr 2012   Share   Quote   Permalink   Like   Dislike   slin says Could someone tell me who the slime bucket is who forged the note on my 275,000.00 home after losing my down payment of 42,000.00 .I would be an idiot to pay for a home that I will never own because someone else holds the note. Why would someone make payments on a home that has lost 47% of it's value not because of natural market forces but by all the fraud going on in the system by the real slime buckets that created and made millions and billions while the working class lost millions and billions so therefore anyone who dare call a home buyer a slime bucket for refusing to get taken anymore are the real idiots. bail if it makes sense to you to bail. however, the sniveling rationalization of your behavior evidenced in this quote, makes you absolutely a slime bucket... "forged a note..." really? you mean you didn't get the money? you didn't promise to pay? or you mean an archane principle wasn't followed to record YOUR LEGITIMATE DEBT. a few decades ago, the only way to get a check cashed was to present if physically at the bank it was drawn on... a digital copy of your check would have been a forgery, today I can take a picture of my renters check, and deposit at my bank. Checking has been modernized, mortgage laws remain in the horse and buggy era. but don't play victim when you decide not to pay a debt you owe... it is was it is, YOU not living up to your commitments.

16. Danaseb Follow Befriend (1) 142 comments San Jose, CA

    16   9:10am Thu 12 Apr 2012   Share   Quote   Permalink   Like (1)   Dislike   which are quiet nonexistant when one considers how cushy bankruptcy laws. No one who willingly plays the game; whether its people overpaying for houses or banks throwing out money, is a victim. The only victims in our country are the young generations, whose future was thrown under the bus for their parents greed over and over.

17. Goran_K Follow Befriend (4) 25 threads 1,517 comments Laguna Beach, CA Premium

    17   9:32am Thu 12 Apr 2012   Share   Quote   Permalink   Like   Dislike   Protected   Great post Danaseb. I certainly hope NOD/Foreclosures increase. Inventory is down by 25 to 40% in all the areas I'm looking at. Isn't this the Spring when inventory is supposed to jump up?

18. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

    18   10:24am Thu 12 Apr 2012   Share   Quote   Permalink   Like   Dislike   Protected   joshuatrio says My neighbor hasn't made a payment for 2 years. Dayum, I need to get in on that racket...

19. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

    19   10:25am Thu 12 Apr 2012   Share   Quote   Permalink   Like   Dislike   Protected   ktdid, Is that a picture of the killer rabbit from Monty Python's Quest for the Holy Grail? :)

20. ktdid Follow Befriend 2 threads 3 comments

    20   8:08am Fri 13 Apr 2012   Share   Quote   Permalink   Like   Dislike   wthrfrk80 says ktdid, Is that a picture of the killer rabbit from Monty Python's Quest for the Holy Grail? :) No, you silly sop, I'm just a harmless little bunny: https://www.youtube.com/watch?v=XcxKIJTb3Hg

21. gregpfielding Follow Befriend (9) 43 threads 288 comments Danville, CA gregpfielding's website

    21   4:04pm Fri 13 Apr 2012   Share   Quote   Permalink   Like   Dislike   It's factually not true. Foreclosure activity is down this Spring. Here's the data from ForeclosureRadar http://www.foreclosuretruth.com/blog/sean/the-foreclosure-report-march-2012/ and from RealtyTrac http://bayarearealestatetrends.com/2012/04/12/realtytrac-foreclosure-activity-lowest-in-5-years/

22. 1sfrenter Follow Befriend (1) 11 threads 224 comments San Francisco, CA

    22   8:59pm Fri 13 Apr 2012   Share   Quote   Permalink   Like   Dislike   FortWayne says banks are planning to release all foreclosure inventory first or second quarter next year, so the process is getting streamlined. Are you just guessing or do you have any proof of this?