Short Sale, Foreclosure and Strategic Default


Friday, June 29, 2007

San Diego luxury Real esate Brace for high tide

If you are concerned about Global warming here is a rule of thumb I just read.

"But for every 1-foot rise in sea level, the ocean typically covers 100 more feet of dry land. For a place like Mission Beach, that could mean a 700-foot narrowing of the strip of land on which so many houses and condos sit."

Now I am not sure an article like this is going to have any current impact on the market but, I did think it was worth recording for posterity. > News > Features -- Brace for high tide

I am not sure how seriously to take this article, you will have to decide for yourself. But if you are concerned about San Diego as a long term investment, know this:

ut even a modest increase paints a doomsday path of devastation:

Point Loma would become an island and Lindbergh Field would need seaplanes.

Mission Beach would submerge into Mission Bay.

North Island and Coronado would morph to a soggy mess as waves lap over much of the Crown Isle.

Since the map appeared, interest in global warming and the threat of rising sea levels has skyrocketed. Former Vice President Al Gore's film on the subject, “An Inconvenient Truth,” won an Oscar, and President George W. Bush, a previous skeptic of the whole phenomenon, has warmed up to the idea that a changing climate could mean widespread devastation unless we do something.

Cayan said he subsequently shared the map with San Diego Mayor Jerry Sanders but likens the work to a “cartoon” that will require much more rigorous work before sounding the alarms.

“We don't have a forecast, so to speak,” he said.

Sunday, June 24, 2007

Florida Foreclosures by County

1. Osceola - 1 for 140 homes are in Foreclosure
2. Flagler - 1 in 148 homes are in Foreclosure
3. Mami-Dade - 1 in 194 homes are in Foreclosure
4. Pasco 1 in 216 homes are in Foreclosure
5 Manatee 1 in 236 homes are in Foreclosure
6. Lee 1 in 241 homes are in Foreclosure
7. Broward 1 in 250 homes are in Foreclosure
8 Hernando 1 in 253 homes are in Foreclosure
9. Duval 1 in 271 homes are in Foreclosure
10. Sarasota 1 in 290 homes are in Foreclosure
11. Hillsborough 1 in 295 homes are in Foreclosure
12. St. Lucie 1 in 301 homes are in Foreclosure
13. Polk 1 in 305 homes are in Foreclosure
14. Brevard 1 in 315 homes are in Foreclosure
15. Clay 1 in 369 homes are in Foreclosure
16. Charlotte 1 in 368 homes are in Foreclosure
17. Lake 1 in 369 homes are in Foreclosure
18. Volusia 1 in 378 homes are in Foreclosure
19. Hendry 1 in 384 homes are in Foreclosure
20. Pinellas 1 in 401 homes are in Foreclosure

At first these rates seem very high. You would think every lawyer would be fully employed saving these homes. But, I think these people ought to know that a lawyer working with a Realtor could achieve results that are far preferable to foreclosure in many circumstances

Manatee Foreclosures and Deliquencies Up big

Foreclosures are up 164% in Manatee county and homowners not paying their taxes are up 44%. These states came from the herald tribune this morning. Palmetto has the highest amount of homes in foreclosure.

Foreclosure and Short sales Sarasota

The Manatee Herald Tribune reported this morning that delinquencies were up 70% in Sarasota and Foreclosures were up 104%. Apparently homeowners are not concerned about their taxes when they are upside down.

The area hardest hit is North Port with between 141 and 261 foreclosures