Foreclosure and distressed property topics

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<p>Well... just like San Diego, OC just might, maybe, I'm not sure yet, but with my uneducated guess... notice trustee sales (the second step notifiying the homedebtor the home has an auction date), could be as high, if not higher than the sales for March. If it does happen, then expect a blog post with some nice chartpr0n. 363 were filed in the last three days available on the county records website, with a grand total of 847 for the first 11 business days of March, at 77 per day. With 21 business days in March, and 1530 sales so far, then ut roh...</p>

<p>Damn... this is happening faster and harder than I ever thought. Who is the pessimist now? Oh... Gary... what happened? I thought you said that people wanting a great deal on a foreclosure would never happen? </p>
 
<em>>>363 were filed in the last three days available on the county records website.</em>





Wow... This is going to be ugly. Maybe the lenders have decided to rip the band-aid off quickly?
 
<em>"Oh... Gary... what happened? </em><em>I thought you said that people wanting a great deal on a foreclosure would never happen?"</em>





Sometimes I get a bit sure of my own predictions, but then again, I have been right. I remember reading some of Gary Watts's crap, including the statement you are referencing, and I can't help wondering how he can maintain a public persona. How can you be so wrong, so publicly, and not hide your face in shame?
 
<p>Seven more NODs on Irvine properties filed yesterday:</p>

<p>



<colgroup><col width="126"></col></colgroup>





64 Meadow Vly





19 Potomac





124 Clearbrook





21 Arboretum





72 Sarabande





36 Secret Gdn





15 Liliano







</p>
 
<p class="MsoNormal">Ipop,</p>

<p class="MsoNormal"> </p>

<p class="MsoNormal">36 Secret Garden made the list. I remember discussing that one with you. </p>

<p>It’s been on the market for under $1M for quite some time with no takers.</p>

<p> Buckle up, steep price cuts rapidly approaching Northwood II.</p>
 
<p>Any Woodbury lovers should consider what is in store for that area...</p>

<p>The P's are pre-foreclosures:</p>

<p><img alt="" src="http://www.ipoplaya.com/woodbury0326.jpg" /></p>
 
<p class="MsoNormal">Ipop,</p>

<p class="MsoNormal"> </p>

<p class="MsoNormal">Thanks for posting the Woodbury map. </p>

<p class="MsoNormal">Definitely like what I see there. </p>

<p>The high-end in Woodbury does not appear to be holding up as well as the high-end in Northpark or NW Pointe. </p>

<p>If this continues to be the case, Mille Fleurs followed by Juliet’s Balcony move to the top of my board. </p>

<p>What say you?</p>
 
I definitely think the high-end Woodbury will be hammered by foreclosures and will be a better buy than Northpark and NW Pointe toward the bottom. I like Woodbury, but it just doesn't feel like a big cash money brutha kind of place... NP has more of that flavor to me and of course NW Pointe.
 
Ipop,

<p class="MsoNormal">Thanks for sharing your opinion; I appreciate your thoughts and feedback. </p>

I happen to agree and feel the same way. However, the high-end in Woodbury seems headed down at a much more rapid rate. Given the map you posted, the area is filled with distressed sellers (soon to be desperate sellers). We’ll see what happens in the coming months. This market will present us with a windfall of opportunities to own brand new, trophy homes.
 
<p>This one in NW Pointe just got their NOD:</p>

<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1467988">http://www.redfin.com/stingray/do/printable-listing?listing-id=1467988</a></p>
 
<p class="MsoNormal">Wow, nice find. Quite an eye opener</p>

Fail to understand how they’re underwater given that they bought it in ’96 for $380K. This one nails the prevalence of house= ATM machine mentality.
 
<p>With a bunch more NODs filed yesterday, I've got 97 properties so far in Irvine for the month of March getting their notices of default...</p>

<p>All of yesterday's NODs were older or smaller places I believe, which appears to be the greater portion of what is going under, at least in Irvine.</p>
 
<p>For your viewing pleasure, the March Irvine NOD addresses:</p>

<p><a href="http://www.ipoplaya.com/0308.irvnod.pdf">http://www.ipoplaya.com/0308.irvnod.pdf</a></p>
 
Wow, more and more of those crappy KHov condos on scholarship, and the dumps in watermarke are on that list. Someone bought 2358 Watermarke last month for $458k, and 2370 Watermarke for $432k, still too much IMO. Why... when you see those NODs and 3147 Watermarke is scheduled for next month? Silly knife catchers, don't they know there are more coming? And, don't even get me started on 92603, those knives are being sharpened right now like no other, my gawd it is getting bad in there. Woodbury is starting to crack, give it another 3 months, and I bet anyone here a stiff drink, that it will be a lot worse.
 
<p class="MsoNormal">Ipop,</p>

<p class="MsoNormal"> </p>

<p class="MsoNormal">Yeahhh Boy!!! (High Five)</p>

<p class="MsoNormal">You’re the embodiment of magnificence. </p>

<p class="MsoNormal">Thanks for posting/sharing that glorious masterpiece of a list. </p>

<p class="MsoNormal">Hopefully, there are plenty of new, large, $$$ addresses on it. </p>

<p class="MsoNormal">Lead us to the promise land, baby!</p>

<p class="MsoNormal">BTW, noticed a comment made by SCCalendarGirl on the main blog.</p>

<p class="MsoNormal">Don’t know if SC means “SoCal” or if she’s an alum. </p>

<p class="MsoNormal">Either way, commence glory!</p>
 
<p class="MsoNormal">Troop,</p>

<p class="MsoNormal"> </p>

<p class="MsoNormal">Are you jealous? </p>

<p class="MsoNormal">Don’t worry about me & Ipop, he’s in the “Let’s just be friends zone.”</p>

<p class="MsoNormal">Check out our comments in the main blog and see for yourself. </p>

<p class="MsoNormal">You on the other hand, I <3 “fuzzy” cuffs.</p>
 
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