Notice of Sale filings are way down, and Notice of Default filings are rising, see the trends here! are trending downward in Ada County, See the trends here!

{ Posted on 7:48 PM by JR Erickson }
As you can see, some of the trends are headed down, but don't let that fool you, some reports, and some of the things that I have been reading indicate that we will have a strong wave of defaults in early November to late november.  Lets hope its is not as bad as some analysts think.  Also notice that the number of defaults compared to the number of Sales are pretty different.  Lots of those properties are getting gobbled up by the people jumping on the band wagon for distressed property purchases.  And some people are getting their loans modified to the point they can stay in the property and get a payment that they can afford.  "Making Home Affordable" programs have helped many people from Short selling their property, and has stopped the foreclosure process.  I have heard of people supporting $1700-$1800 monthly payments get their payments adjusted down to 950 a month (all depending on your monthly income, and other debts).  So make sure that you entertain that avenue before you, or anybody you know jumps on the short sale track when there is other options.

For up to date charts and graphs, and current Ada County default and Notice of sale Recipients just click here!

See and download the full gallery on posterous

Posted via email from Jeremy R Erickson

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