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Old 02-24-2009, 04:16 PM
 
Location: Fort Worth and Las Vegas
255 posts, read 520,936 times
Reputation: 73

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Holy Batman! 70% of foreclosures have yet to hit the MLS or market. What are the banks waiting for? Up 2000 from a few weeks ago.

Foreclosure Real Estate Listings at RealtyTrac
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Old 02-24-2009, 04:34 PM
 
Location: NorCal and Vegas!
269 posts, read 922,239 times
Reputation: 122
You actually use Realty Trac? I thought they were just a scam. And your link just goes to the home page...and that says foreclosures are down, plus it has nothing to do with Vegas.
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Old 02-24-2009, 04:44 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 35,656,795 times
Reputation: 2661
Quote:
Originally Posted by flyingtigers View Post
You actually use Realty Trac? I thought they were just a scam. And your link just goes to the home page...and that says foreclosures are down, plus it has nothing to do with Vegas.
Yup.. off by 3 times on the number REOs...apparently never take the ones sold off. I would think their other numbers are equally credible.
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Old 02-24-2009, 05:13 PM
 
1,347 posts, read 2,305,430 times
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Fannie, Freddie, Citi, JP Morgan, BofA, etc., have all extended or introduced foreclosure moratoriums until March 6 or March 12, depending on the lender. This is the second such moratorium extension. It's going to be interesting to see what the numbers do once the moratorium finally passes.
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Old 02-24-2009, 06:01 PM
 
Location: Fort Worth and Las Vegas
255 posts, read 520,936 times
Reputation: 73
Quote:
Originally Posted by olecapt View Post
Yup.. off by 3 times on the number REOs...apparently never take the ones sold off. I would think their other numbers are equally credible.
Actually it's the other way around. Banks have yet to list the inordinate amount of properties sitting on their books. Foreclosure moratoria doesn't do anything - just putting off the inevitable. RealtyTrac is actually very reliable and is cited by Bloomberg and CNBC almost as much as Olecapt.

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Old 02-24-2009, 06:03 PM
 
Location: Fort Worth and Las Vegas
255 posts, read 520,936 times
Reputation: 73
Quote:
Originally Posted by flyingtigers View Post
You actually use Realty Trac? I thought they were just a scam. And your link just goes to the home page...and that says foreclosures are down, plus it has nothing to do with Vegas.
Just click over to clark county.
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Old 02-24-2009, 06:06 PM
 
Location: Sitting on a park bench...
2,753 posts, read 6,255,848 times
Reputation: 740
I often wonder why people post doom and gloom about Vegas, especially if they live here. What's the matter, don't you have the link for Persian Kitty?
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Old 02-24-2009, 06:44 PM
 
1,347 posts, read 2,305,430 times
Reputation: 488
I often wonder why people click into threads that are clearly titled as a topic that they don't care to discuss, and then proceed to complain about the subject matter.
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Old 02-24-2009, 07:08 PM
 
Location: Sitting on a park bench...
2,753 posts, read 6,255,848 times
Reputation: 740
I'm bored, and I was curious what the no0bs had to say.
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Old 02-24-2009, 07:29 PM
 
Location: Leaving fabulous Las Vegas, Nevada
4,029 posts, read 7,577,789 times
Reputation: 7910
Default Produce the Note

Has anyone used the Produce the Note strategy to forestall a foreclosure in Clark County? I have a friend who is facing that situation in Las Vegas and is curious about it.

http://www.consumerwarningnetwork.com/2009/02/20/how-to-use-produce-the-note-in-non-judicial-foreclosure-states/ (broken link)
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