http://fostercityblog.com/2009/10/how-to-buy-a-bank-owned-home/ Foster City Real Estate...and so much more! Wed, 08 Sep 2010 12:51:42 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://fostercityblog.com/2009/10/how-to-buy-a-bank-owned-home/comment-page-1/#comment-21083 SteveTinFC Wed, 28 Oct 2009 16:01:41 +0000 http://fostercityblog.com/?p=2943#comment-21083 Jumping in a little late here, but the RealtyTrac website is interesting. Nevertheless, they are documenting "pre-foreclosures". One of the "P" symbols on that map is the house of a friend of mine. They are not in foreclosure proceedings. They are "upside-down" since they bought about 3 years ago, and the bank has them on a watch status. But they continue to make their payments are are looking to restructure their debt a little, which is probably why it triggered the "pre-foreclosure" symbol. It is interesting to track that for trends of potential distress, but IMHO, we are nowhere near doom and gloom in this town. Jumping in a little late here, but the RealtyTrac website is interesting. Nevertheless, they are documenting “pre-foreclosures”. One of the “P” symbols on that map is the house of a friend of mine. They are not in foreclosure proceedings. They are “upside-down” since they bought about 3 years ago, and the bank has them on a watch status. But they continue to make their payments are are looking to restructure their debt a little, which is probably why it triggered the “pre-foreclosure” symbol. It is interesting to track that for trends of potential distress, but IMHO, we are nowhere near doom and gloom in this town.

]]> http://fostercityblog.com/2009/10/how-to-buy-a-bank-owned-home/comment-page-1/#comment-20952 Eugene Sun, 25 Oct 2009 04:13:47 +0000 http://fostercityblog.com/?p=2943#comment-20952 That number is from the RealtyTrac - http://www.realtytrac.com/MapSearch/MapSearch/MapSearch.aspx?CriteriaType=address&criteriaValue=94404 I started to monitor this number in January 2009 and since then it almost doubled. That number is from the RealtyTrac – http://www.realtytrac.com/MapSearch/MapSearch/MapSearch.aspx?CriteriaType=address&criteriaValue=94404
I started to monitor this number in January 2009 and since then it almost doubled.

]]> http://fostercityblog.com/2009/10/how-to-buy-a-bank-owned-home/comment-page-1/#comment-20947 Jim Minkey Sun, 25 Oct 2009 01:23:20 +0000 http://fostercityblog.com/?p=2943#comment-20947 Eugene...I'm a little dubious of the legitimacy of 109 foreclosures in FC. I'm not sure thats even a cumulative number..all time. On the other hand there's probably a good blog post coming from that. Eugene…I’m a little dubious of the legitimacy of 109 foreclosures in FC. I’m not sure thats even a cumulative number..all time. On the other hand there’s probably a good blog post coming from that.

]]> http://fostercityblog.com/2009/10/how-to-buy-a-bank-owned-home/comment-page-1/#comment-20944 Eugene Sun, 25 Oct 2009 00:54:21 +0000 http://fostercityblog.com/?p=2943#comment-20944 Meanwhile the number of foreclosures in 94404 reached 109.... Meanwhile the number of foreclosures in 94404 reached 109….

]]> http://fostercityblog.com/2009/10/how-to-buy-a-bank-owned-home/comment-page-1/#comment-20932 Saundra Sat, 24 Oct 2009 17:49:01 +0000 http://fostercityblog.com/?p=2943#comment-20932 Yikes- I guess we will be renting for longer than we thought!!! Too much truth in that humor. Yikes- I guess we will be renting for longer than we thought!!! Too much truth in that humor.

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