Foreclosures in your town/city, some or many?

[AlCzervik]

I just got my local newspaper, this is the one just for my town and not for Sacramento and there were 8 double sided pages of foreclosures.

[NMDemDist2]

1. the Valley really got hit hard

:hug:

[AlCzervik]

2. i looked up EG on yahoo the other day, over 3000 forclosures, just scary.

Homes for Sale 471 $299,000
New Homes 9 $393,490
Foreclosures 3,068 $320,000

[NMDemDist2]

6. I grew up there and my house that they moved out there from where they put in US50

is still there on the 2.5 acres, surrounded by ticky-tacky houses all over the fields I used to ride my horse.

http://maps.google.com/maps?f=q&hl=en&geocode=&q=robbins+road,+elk+grove,+CA&sll=37.0625,-95.677068&sspn=69.814448,113.203125&ie=UTF8&ll=38.457134,-121.36646&spn=0.008654,0.013819&t=h&z=16&iwloc=addr

[AlCzervik]

9. i'm right off Sheldon. I think if you saw things right now it would make you a bit sad

the over development and the subsequent crash and business's closing. I'm hoping things here will turn around because it is scary.

[NMDemDist2]

13. I went to school with a guy whose family owned all that land off Shelton

it would be unrecognizable to me now.......

we use to set the choke in my old '62 Ford wagon, sit on the windows and pass joints over the roof while I drove with my foot down Bond Road.

bet I couldn't do that now

:rofl:

[AlCzervik]

14. oh hell no, Bond is all Subdivison hell with a police station at the corner of bond and Bradshaw.

but i'm sure the egpd would be happy to see you!


:P :loveya:

[NMDemDist2]

15. hell, I probably went to school with the chief and half the sargents

:rofl:

'course in my day that area was all Sheriff territory

edit to add, and Bond didn't go all the way through to Bradshaw then

[tularetom]

3. Stanislaus. Merced and San Joaquin Counties foreclosure capital of the USA

Something like 1 in 20 homes are in foreclosure or have received notices of intent to foreclose.

Real estate prices are down more than 50% in some areas. In a tract near where my granddaughter lives there are 42 vacant homes out of a total of 108. About 10 still belong to the builder but the rest were sold and foreclosed.

It's a mess I tell ya.

[AlCzervik]

4. Stockton alone who i think is leading the nation right now has over 12,000 in

forclosure.

[Tandalayo_Scheisskopf]

5. Right across the Delaware...

In Eastern PA, I understand it is just this side of a holocaust.

[wryter2000]

7. I checked Zillow yesterday

There were four within a radius of about 5 blocks from me.

My house has lost almost all its equity. I bought at $300,000.00 (crazy CA real estate). It went up to $495,000.00 and now is at $290,000.00. I've paid some off, so I'm not underwater yet, but I could be in another couple of weeks. I'm in Oakland, btw.

Thank God I don't need to sell or get an equity line of credit. :wow:

[AlCzervik]

11. that's the thing, stuff in the bay losing value to me is scary. I'm in Elk Grove

and we're pretty fucked, we ain't Stockton fucked but we're getting there.

[Aeval]

8. many, many, many...

We bought a fixer-upper that turned out to be a foreclosure (not from an ARM loan, though). The selling agent told our agent that she alone, ONE person at ONE real estate firm, had 90 foreclosures open with ONE lender in ONE town. The appear is teeming with foreclosures. Kids at y high school are telling me they have to move because their parents are foreclosing. And these are 3 and 4 year old ARM loans, balloon payments setting in, etc..... Insane!

edit: I'm near Hartford, CT

[hack89]

10. Hardly any

live on an island with little buildable land left so we didn't have the overbuilding that is driving the real estate disaster in many place.

[AlCzervik]

12. And that's the truth right there at least in my city. Developers ran this town for the past 10 years

and now they've left leaving unfinfished sub divsions with the promise of coming back "When things are better" yaaaaright!

[davsand]

16. Search by zip code at realtytrac.com

You do not have to subscribe to check the stats:


http://www.realtytrac.com/pub/landing/optimized_c_or.asp


It will probably scare an awful lot of people to see how many foreclosures there really are right now.



Laura