Comments on: Weekly News Round-Up http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html Redfin Bay Area Sweet Digs Tue, 07 Feb 2012 16:59:16 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: The Lowdown on Foreclosure Radar | Redfin San Diego Sweet Digs http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html/comment-page-1#comment-4778 The Lowdown on Foreclosure Radar | Redfin San Diego Sweet Digs Sat, 31 May 2008 01:06:20 +0000 http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html#comment-4778 [...] weeks ago, in the San Francisco Sweet Digs Weekly News Round Up, there was a mention of Foreclosure Radar, a service that tracks every foreclosure opportunity [...] [...] weeks ago, in the San Francisco Sweet Digs Weekly News Round Up, there was a mention of Foreclosure Radar, a service that tracks every foreclosure opportunity [...]

]]> By: The Lowdown on Foreclosure Radar | Redfin San Francisco Sweet Digs http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html/comment-page-1#comment-4742 The Lowdown on Foreclosure Radar | Redfin San Francisco Sweet Digs Thu, 29 May 2008 14:25:00 +0000 http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html#comment-4742 [...] weeks ago, in my Weekly News Round Up, I mentioned Foreclosure Radar, a service that tracks every foreclosure opportunity available in [...] [...] weeks ago, in my Weekly News Round Up, I mentioned Foreclosure Radar, a service that tracks every foreclosure opportunity available in [...]

]]> By: susan.brady http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html/comment-page-1#comment-4568 susan.brady Fri, 16 May 2008 02:51:34 +0000 http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html#comment-4568 Thanks Sean. Love to have a chat with you next week if you are available and learn more about Foreclosure Radar. Thanks Sean. Love to have a chat with you next week if you are available and learn more about Foreclosure Radar.

]]> By: Sean OToole http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html/comment-page-1#comment-4566 Sean OToole Fri, 16 May 2008 00:38:09 +0000 http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html#comment-4566 Hi Susan - great post! Mike said "The start price is for what is currently owed - if there’s no equity there’s no bids." While this used to be true it is no longer the case. 84% of properties taken to trustee sale are discounted with an average discount of more than 25%. Toady - PropertyShrk doesn't actually track the ongoing status of all the foreclosures so they show you only a fraction of what is happening at the court house steps. San Mateo actually has 260 foreclosure currently scheduled for auction, and 23 were called at the court house steps just today. ForeclosureRadar.com is the only service that tracks every foreclosure through the entire process. PS is also anything but free - for full service in CA it can cost as almost $95/month. ForeclosureRadar is half of that. Red - Very few 2nds show up to protect their positions, so a good chunk of the auction properties are bought by investors. And investors actually buy more today than they did 3 years ago. But you are right that it is a very small percentage of the total (2.25% to be exact). Best, Sean O'Toole ForeclosureRadar.com Hi Susan – great post!

Mike said “The start price is for what is currently owed – if there’s no equity there’s no bids.” While this used to be true it is no longer the case. 84% of properties taken to trustee sale are discounted with an average discount of more than 25%.

Toady – PropertyShrk doesn’t actually track the ongoing status of all the foreclosures so they show you only a fraction of what is happening at the court house steps. San Mateo actually has 260 foreclosure currently scheduled for auction, and 23 were called at the court house steps just today. ForeclosureRadar.com is the only service that tracks every foreclosure through the entire process. PS is also anything but free – for full service in CA it can cost as almost $95/month. ForeclosureRadar is half of that.

Red – Very few 2nds show up to protect their positions, so a good chunk of the auction properties are bought by investors. And investors actually buy more today than they did 3 years ago. But you are right that it is a very small percentage of the total (2.25% to be exact).

Best,

Sean O’Toole
ForeclosureRadar.com

]]> By: susan.brady http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html/comment-page-1#comment-4541 susan.brady Wed, 14 May 2008 21:03:48 +0000 http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html#comment-4541 Thanks Mike and Red. I really appreciate the help in learning more about these. Thanks Mike and Red. I really appreciate the help in learning more about these.

]]> By: red http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html/comment-page-1#comment-4538 red Wed, 14 May 2008 20:15:04 +0000 http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html#comment-4538 Something like 97% of these auctions are going to the lender currently. If there IS a bidder, it is likely to be the holder of a second, who may believe that there is enough value there to pay off the first and recover some of what they are owed. So there is not much reason to bother with these. ( see http://mrmortgage.ml-implode.com for info and explanation) Something like 97% of these auctions are going to the lender currently. If there IS a bidder, it is likely to be the holder of a second, who may believe that there is enough value there to pay off the first and recover some of what they are owed. So there is not much reason to bother with these.
( see http://mrmortgage.ml-implode.com for info and explanation)

]]> By: Mike Mueller http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html/comment-page-1#comment-4531 Mike Mueller Wed, 14 May 2008 18:35:15 +0000 http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html#comment-4531 Here's one for San Mateo from Google: http://tinyurl.com/6mkfbu "PUBLIC NOTICE IS HEREBY GIVEN that I will proceed to sell at public auction to the highest bidder for cash in lawful money of the United States all the right, title, claim and interest of the debtor(s) in the above described property or so much as will be sufficient to satisfy and Writ or Warrant with interest and all costs on: Tuesday, May 8th, 2007 at 10:00 o'clock AM at the Hall of Justice, 400 County Center, Redwood City - In the Building's South Lobby, in the County of San Mateo, State of California. Registration for the public auction will start at 9:30 o'clock AM. Entry to the Hall of Justice is on the Northside of the building, through the Security Checkpoint. The auction will start precisely at 10:00 o'clock AM." Here’s one for San Mateo from Google: http://tinyurl.com/6mkfbu

“PUBLIC NOTICE IS HEREBY GIVEN that I will proceed to sell at public auction to the highest bidder for cash in lawful money of the United States all the right, title, claim and interest of the debtor(s) in the above described property or so much as will be sufficient to satisfy and Writ or Warrant with interest and all costs on: Tuesday, May 8th, 2007 at 10:00 o’clock AM at the Hall of Justice, 400 County Center, Redwood City – In the Building’s South Lobby, in the County of San Mateo, State of California. Registration for the public auction will start at 9:30 o’clock AM. Entry to the Hall of Justice is on the Northside of the building, through the Security Checkpoint. The auction will start precisely at 10:00 o’clock AM.”

]]> By: Mike Mueller http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html/comment-page-1#comment-4530 Mike Mueller Wed, 14 May 2008 18:31:43 +0000 http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html#comment-4530 Susan- Yes they are (on the steps of the courthouse). It's a throwback to the old days. They are held in the rain, in the sun, weather nobody shows or everyone shows. No banners, no pomp, just business. Here's one I found on google for AZ http://tinyurl.com/5oh72h and another in LA http://tinyurl.com/59r46l Susan- Yes they are (on the steps of the courthouse). It’s a throwback to the old days.
They are held in the rain, in the sun, weather nobody shows or everyone shows.

No banners, no pomp, just business. Here’s one I found on google for AZ http://tinyurl.com/5oh72h
and another in LA http://tinyurl.com/59r46l

]]> By: susan.brady http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html/comment-page-1#comment-4527 susan.brady Wed, 14 May 2008 17:24:42 +0000 http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html#comment-4527 Thanks all. Wow, only two homes for auction in all of SM County? I guess we should consider ourselves lucky...or behind in the onslaught. Thanks all.

Wow, only two homes for auction in all of SM County? I guess we should consider ourselves lucky…or behind in the onslaught.

]]> By: Tony Orlando http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html/comment-page-1#comment-4525 Tony Orlando Wed, 14 May 2008 16:44:44 +0000 http://blog.redfin.com/sfbay/2008/05/weekly_news_round-up-25.html#comment-4525 Great post. I will read your posts frequently. Added you to the RSS reader. Great post. I will read your posts frequently. Added you to the RSS reader.

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