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Nearly 9,000 foreclosed homes sell at auction in CA in July and 95% return to lender

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  • Nearly 9,000 foreclosed homes sell at auction in CA in July and 95% return to lender

    ForeclosureRadar™ (ForeclosureRadar.com) today released its July, 2007 California Foreclosure Report, showing a total of 8,716 homes sold at auction in July with a loan value of $3.5 Billion dollars, a 24.6 percent increase over June. Of these, 95 percent, or $3.33 Billion in loans, were returned to the lender with no bid from a 3rd party.

    See press release here.


    Ok, so you're probably wondering, what's the significance of the dog?

    Think of the dog as representing your house. When the market was hot, everyone thought he was cute. Now that it isn't, well, you might still love him because he's yours, but don't expect anyone else to.
    Last edited by FRED; 08-16-07, 02:04 AM.
    Ed.

  • #2
    Re: Nearly 9,000 foreclosed homes sell at auction in CA in July and 95% return to len

    Originally posted by Fred View Post
    ForeclosureRadar™ (ForeclosureRadar.com) today released its July, 2007 California Foreclosure Report, showing a total of 8,716 homes sold at auction in July with a loan value of $3.5 Billion dollars, a 24.6 percent increase over June. Of these, 95 percent, or $3.33 Billion in loans, were returned to the lender with no bid from a 3rd party.

    See press release here.

    Next phase for insider cleanup.http://en.wikipedia.org/wiki/Resolut...st_Corporation
    Last edited by FRED; 08-16-07, 02:30 PM.

    Comment


    • #3
      Re: Nearly 9,000 foreclosed homes sell at auction in CA in July and 95% return to len

      Originally posted by Fred View Post
      ForeclosureRadar™ (ForeclosureRadar.com) today released its July, 2007 California Foreclosure Report, showing a total of 8,716 homes sold at auction in July with a loan value of $3.5 Billion dollars, a 24.6 percent increase over June. Of these, 95 percent, or $3.33 Billion in loans, were returned to the lender with no bid from a 3rd party.


      See press release here.

      Ok, so you're probably wondering, what's the significance of the dog?

      Think of the dog as representing your house. When the market was hot, everyone thought he was cute. Now that it isn't, well, you might still love him because he's yours, but don't expect anyone else to.
      That is one ugly dog. I'm camping near a guy whose last dog's name was Fugly. I asked, "Why Fugly?" Reply, "Because he was ******* ugly."

      Your dog must be Fugly II.
      Jim 69 y/o

      "...Texans...the lowest form of white man there is." Robert Duvall, as Al Sieber, in "Geronimo." (see "Location" for examples.)

      Dedicated to the idea that all people deserve a chance for a healthy productive life. B&M Gates Fdn.

      Good judgement comes from experience; experience comes from bad judgement. Unknown.

      Comment


      • #4
        Re: Nearly 9,000 foreclosed homes sell at auction in CA in July and 95% return to len

        Originally posted by Jim Nickerson View Post
        That is one ugly dog. I'm camping near a guy whose last dog's name was Fugly. I asked, "Why Fugly?" Reply, "Because he was ******* ugly."

        Your dog must be Fugly II.
        This mutt is fugly squared.
        Ed.

        Comment


        • #5
          Re: Nearly 9,000 foreclosed homes sell at auction in CA in July and 95% return to len

          Unfortunately the vast majority of these foreclosed homes are still in specific outlying areas of the Bay Area, San Diego, and Los Angeles.

          I'm still not seeing that much pain in San Francisco; will be in LA in 3 weeks and will look around then.

          Certainly the pool houses are no longer being successfully sold as property - my mother has been looking to move from Central CA to LA for some time but refused to pay what she thinks (and I agreed) were ridiculous prices.

          Her last foray last year was a ~1000 sq. foot property on the same street as my aunt (her sister); it turned out to be a converted pool house in the back of one of my aunt's neighbor's yard. Asking price $550,000!

          Comment


          • #6
            Re: Nearly 9,000 foreclosed homes sell at auction in CA in July and 95% return to len

            I'm going to the pound to get one of those critters. Looks like the perfect companion for the coming debacle and TEOTWAWKI ! :eek:

            Comment


            • #7
              Re: Nearly 9,000 foreclosed homes sell at auction in CA in July and 95% return to len

              Originally posted by Fred View Post
              This mutt is fugly squared.
              Consider putting "fugly" as an adjective in the iTulip glossary.

              Example. Today on Wall Street is fugly.
              Jim 69 y/o

              "...Texans...the lowest form of white man there is." Robert Duvall, as Al Sieber, in "Geronimo." (see "Location" for examples.)

              Dedicated to the idea that all people deserve a chance for a healthy productive life. B&M Gates Fdn.

              Good judgement comes from experience; experience comes from bad judgement. Unknown.

              Comment


              • #8
                real dog

                Trade-off: Suppose your broker looked like this dog but did NOT keep real asset price histories out-of-sight.
                http://homepage.mac.com/ttsmyf/RD_RJShomes_PSav.html

                Comment


                • #9
                  Re: Nearly 9,000 foreclosed homes sell at auction in CA in July and 95% return to len

                  Originally posted by Fred View Post
                  ForeclosureRadar™ (ForeclosureRadar.com) today released its July, 2007 California Foreclosure Report, showing a total of 8,716 homes sold at auction in July with a loan value of $3.5 Billion dollars, a 24.6 percent increase over June. Of these, 95 percent, or $3.33 Billion in loans, were returned to the lender with no bid from a 3rd party.

                  See press release here.


                  Ok, so you're probably wondering, what's the significance of the dog?

                  Think of the dog as representing your house. When the market was hot, everyone thought he was cute. Now that it isn't, well, you might still love him because he's yours, but don't expect anyone else to.
                  For you cat lovers who are feeling left out...

                  Ed.

                  Comment


                  • #10
                    Re: Nearly 9,000 foreclosed homes sell at auction in CA in July and 95% return to len

                    Originally posted by Fred View Post
                    For you cat lovers who are feeling left out...


                    That is one fugly cat.
                    Jim 69 y/o

                    "...Texans...the lowest form of white man there is." Robert Duvall, as Al Sieber, in "Geronimo." (see "Location" for examples.)

                    Dedicated to the idea that all people deserve a chance for a healthy productive life. B&M Gates Fdn.

                    Good judgement comes from experience; experience comes from bad judgement. Unknown.

                    Comment


                    • #11
                      Re: Nearly 9,000 foreclosed homes sell at auction in CA in July and 95% return to len

                      "This mutt is fugly squared."

                      Almost as ugly as a CDO squared...

                      Comment


                      • #12
                        Re: Nearly 9,000 foreclosed homes sell at auction in CA in July and 95% return to len

                        Originally posted by Fred View Post


                        This is/was Sam, the winner of the World's Ugliest Dog. He was a local at the Santa Barbara Trader Joe's and that's typical Santa Barbara in the background. Susie, Sam's mom, will be needed to love the world's ugliest housing disaster/credit crunch/bubble popping. Next up, a World's Ugliest Housing situation competition.

                        Btw, believe it or not, Sam was purebred - Chinese hairless crested.

                        Comment


                        • #13
                          Re: Nearly 9,000 foreclosed homes sell at auction in CA in July and 95% return to len

                          Originally posted by Darin View Post
                          Btw, believe it or not, Sam was purebred - Chinese hairless crested.
                          Looks more like Sam was inbred.

                          Comment


                          • #14
                            Re: Nearly 9,000 foreclosed homes sell at auction in CA in July and 95% return to len

                            Originally posted by Darin View Post
                            This is/was Sam, the winner of the World's Ugliest Dog. He was a local at the Santa Barbara Trader Joe's and that's typical Santa Barbara in the background. Susie, Sam's mom, will be needed to love the world's ugliest housing disaster/credit crunch/bubble popping. Next up, a World's Ugliest Housing situation competition.

                            Btw, believe it or not, Sam was purebred - Chinese hairless crested.
                            you telling me the chinese actually bread a dog to come out like that? what for? to scare the rats away?

                            meanwhile, from the onion... “how we are paying off our mortgage”

                            Comment


                            • #15
                              Re: Nearly 9,000 foreclosed homes sell at auction in CA in July and 95% return to len

                              Thank heavens for humor. There are times when it makes a shitty 3 days bearable, especially when coupled with a 328 point rally in the DJI.
                              Jim 69 y/o

                              "...Texans...the lowest form of white man there is." Robert Duvall, as Al Sieber, in "Geronimo." (see "Location" for examples.)

                              Dedicated to the idea that all people deserve a chance for a healthy productive life. B&M Gates Fdn.

                              Good judgement comes from experience; experience comes from bad judgement. Unknown.

                              Comment

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