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Foreclosure Rate Sources?


               
2011 Dec 28, 6:20am   2,091 views  6 comments

by BayArea   follow (1)  

Hi folks,

I'm wondering if anyone is able to steer me in the right direction to obtain some data showing the foreclosure rate in the Bay Area.

Ideally, I would like to see the volume of homes going into foreclosure by month and by city/zip-code within the Bay Area.

Does anything like this exist? I'm not sure that making this type of information public is in the best interest of the bank, but I am curious as to what is available.

Thanks
Luke

#housing

Comments 1 - 6 of 6        Search these comments

1   Danaseb   2011 Dec 28, 6:36am  

Google used too, back when the banks worked miracles hiding the majority of foreclosures, it still lit up like a Christmas tree even in affluent areas. Likely out of blacklash from realtards and investors terrified that a mostly unbiased source of tracking was available, Google removed its real estate tracking feature. All we have now are real tard mapping sites with the predictable data dearth.

2   BayArea   2011 Dec 28, 6:45am  

Thanks Dana, that's extremely unfortunate to be hiding this type of information from the public.

3   Danaseb   2011 Dec 28, 9:19am  

nice site, but still is not showing all of them nor any short term history. You need a history of 6-12 month history to see under the blanket that banks throw over with their stealth transactions.

4   TMAC54   2011 Dec 28, 12:25pm  

realtytrac.com

5   Danaseb   2011 Dec 28, 1:23pm  

Nomograph says

Danaseb says

nice site, but still is not showing all of them nor any short term history. You need a history of 6-12 month history to see under the blanket that banks throw over with their stealth transactions.

Notices of default (NODs) and foreclosures are matters of public record. Put away the conspiracy theories, these are not "stealth transactions."

You put away your misinterpretations, I was talking about history as in over a six month or yearly history for an area. It is a pain in the ass to piece records over long periods(to track foreclosure rates) of time blocs together from these websites. If I were in the market I would likely pay for a few of their pro accounts to see if they do, but as it is, its way more tedious than it should be.

Also if there is one thing this website should have taught you long ago, the property market has always functioned under deception; those within are masters at building a sense of extra demand. The same who say 'buy now or be priced out forever' do what they can to keep people from the big picture.

6   RealEstateIsBetterThanStocks   2011 Dec 28, 1:29pm  

TMAC54 says

realtytrac.com

How much invested ? How much back ? What's the risk ?

that is one choked up pipeline!

according to that site, in Simi Valley:

pre-foreclosures: 365
auction: 364
bank owned: 361
total:1090

zillow's data shows only ~1800 homes being sold this year, ~28% of which was foreclosed or ~500. so at this rate, it will take 2 years for banks to get rid of these homes.

Simi Valley has a 6.8% Y-o-Y decrease but the 30% estimate is looking a lot more realistic now.

assuming that site is accurate.

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