http://blownmortgage.com/2008/06/01/in-foreclosure-capital-3-out-of-4-homes-for-sale-is-a-foreclosure/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Tue, 24 Nov 2009 00:59:07 -0700 http://wordpress.org/?v=2.8.3 hourly 1 http://blownmortgage.com/2008/06/01/in-foreclosure-capital-3-out-of-4-homes-for-sale-is-a-foreclosure/comment-page-1/#comment-72969 Stockton Realtor Thu, 27 Aug 2009 14:26:42 +0000 http://blownmortgage.com/?p=1103#comment-72969 I am a stockton realtor and nobody is buying. I am a stockton realtor and nobody is buying.

]]> http://blownmortgage.com/2008/06/01/in-foreclosure-capital-3-out-of-4-homes-for-sale-is-a-foreclosure/comment-page-1/#comment-14189 loan modification advocate Mon, 19 Jan 2009 23:38:15 +0000 http://blownmortgage.com/?p=1103#comment-14189 Realtors don?t want to spend the money and time required to try to sell homes in the city..........yeah right Realtors don?t want to spend the money and time required to try to sell homes in the city……….yeah right

]]> http://blownmortgage.com/2008/06/01/in-foreclosure-capital-3-out-of-4-homes-for-sale-is-a-foreclosure/comment-page-1/#comment-12574 drewmeyers Mon, 02 Jun 2008 14:47:28 +0000 http://blownmortgage.com/?p=1103#comment-12574 Drew from Zillow here. According to our Q1 home value reports, the Stockton MSA was down 9.6% quarter over quarter. Additionally, we have several <a href="http://www.zillow.com/quarterlies/QuarterlyThumbs.htm?msa=Stockton+CA" rel="nofollow">negative equity & home value appreciation charts and maps you might find interested available here</a>. Drew from Zillow here. According to our Q1 home value reports, the Stockton MSA was down 9.6% quarter over quarter. Additionally, we have several negative equity & home value appreciation charts and maps you might find interested available here.

]]> http://blownmortgage.com/2008/06/01/in-foreclosure-capital-3-out-of-4-homes-for-sale-is-a-foreclosure/comment-page-1/#comment-11077 Mr. Mortgage’s Guide to the TRUTH! » 6.2.08 - Mr Mortgage’s News Picks of the Day! Mon, 02 Jun 2008 13:13:27 +0000 http://blownmortgage.com/?p=1103#comment-11077 [...] In Foreclosure Capital, 3 of 4 Home For Sale is a Foreclosure - MSNBC/Blown Mortgage . Actually I thought this would be worse. We already know that 38% of all home sales last month were out of the foreclosure stock and that number keeps rising every month. America’s residential real estate is being marked to market overnight by lenders dumping homes at massive discounts. See my April Foreclosure Report for more on this topic. [...] [...] In Foreclosure Capital, 3 of 4 Home For Sale is a Foreclosure – MSNBC/Blown Mortgage . Actually I thought this would be worse. We already know that 38% of all home sales last month were out of the foreclosure stock and that number keeps rising every month. America’s residential real estate is being marked to market overnight by lenders dumping homes at massive discounts. See my April Foreclosure Report for more on this topic. [...]

]]> http://blownmortgage.com/2008/06/01/in-foreclosure-capital-3-out-of-4-homes-for-sale-is-a-foreclosure/comment-page-1/#comment-12573 DS Mon, 02 Jun 2008 10:40:46 +0000 http://blownmortgage.com/?p=1103#comment-12573 It's becoming a vicous cycle. Sure there are some people who don't NEED to sell, but what about the people who do (which usually accounts for 65% of home sellers). These people will have to walk away or stop making payments.... Granted some may have a lot of equity or have no mortgage, but the vast majority don't. The banks will be the primary sellers of real estate in CA, AZ, NV, FL in the next 3 years.... Prices have 15-20% MORE to go folks. It's becoming a vicous cycle. Sure there are some people who don't NEED to sell, but what about the people who do (which usually accounts for 65% of home sellers). These people will have to walk away or stop making payments…. Granted some may have a lot of equity or have no mortgage, but the vast majority don't. The banks will be the primary sellers of real estate in CA, AZ, NV, FL in the next 3 years…. Prices have 15-20% MORE to go folks.

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