Report: Record Foreclosure Activity in First Half

Submitted by
CalculatedRisk on Thu, 07/16/2009 - 5:09am (10 comments)
in
Comrade Coinz wrote on Thu, 7/16/2009 - 5:11 am

Foreclosures are overrated.

Cinco-X wrote on Thu, 7/16/2009 - 5:14 am

Is RealtyTRAC affiliated with NAR?

Comrade Coinz wrote on Thu, 7/16/2009 - 5:14 am

From Bloomie:
Bank of America Says Obama Mortgage Rescues Create ‘Confusion’

"Announcing programs without providing the rules for how borrowers and lenders should proceed, “creates immediate demand with insufficient lead time for operational readiness,” Allen Jones, a default-management policy executive at Bank of America, said in prepared testimony to be delivered before the Senate Banking Committee in Washington today."

Hoocoodanode?

JimPortlandOR wrote on Thu, 7/16/2009 - 5:14 am

Anything with the root word "Real" (as in Realtors) is a lie.

Cinco-X wrote on Thu, 7/16/2009 - 5:17 am (in reply to...)

" JimPortlandOR (profile) wrote on Thu, 7/16/2009 - 9:14 am

Anything with the root word "Real" (as in Realtors) is a lie."

From:
realty 1670, "real estate," from earlier meaning (1544) "real possession."

I guess it's become a victim of the "Ministry of Truth"

Not One Cent wrote on Thu, 7/16/2009 - 5:18 am

This is bullish for auctioneers.

GDD9000 wrote on Thu, 7/16/2009 - 5:19 am

Nokia with a BIG swing and a miss. No worries though. It (and all the foreclosures) are priced in.

The Mortgage Pig wrote on Thu, 7/16/2009 - 5:20 am

JPM's Dimon: CRE "Big deal for regional banks"

js esq. wrote on Thu, 7/16/2009 - 7:15 am

I was briefly a member of RealtyTrac. I found their information to be unreliable at best. I was tracking a few very specific neighborhoods, and they didn't even have the MLS listings accurate. Come to think of it, they never processed my refund after I was overbilled...

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