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LoonyQT
Posts:904
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| 09/05/2008 1:41 PM |
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OK - I pony up fifty bones a month for the convenience of not shlepping down to sort through county records using realtytrac to monitor property foreclosures instead.
HOWEVER, I am wondering if that is the best service? Has anyone actually done a feature/benefit comparison to foreclosure.com or foreclosureradar.com? Are there other sites? If you subscribe or have looked into subscribing to a foreclosure information service, I would love to hear what you like/don't like/value for $$.
THANKS!
:-) |
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ownhomeinSD
Posts:167
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| 09/05/2008 2:08 PM |
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| I subscribed to realtytrac last year and found theny even listed one property (that I was interested in) as four properties on same day. This property was not the only multiple-listing I saw then. I also tried to contact sellers with the infomation provided by realtytrac. It didn't work at all. So after exhausted searching for forclosures in this way, I gave up. I don't know if there is any improvement in data accurancy for realtytrac recently. |
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ownhomeinSD
Posts:167
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| 09/05/2008 2:50 PM |
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| For example, they listed one property as two foreclosure properties if there are two loans on it. Some foreclosures were slod but still on listing for a while (months). So, it told me what foreclosure number means. |
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Eugene
Posts:268
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| 09/05/2008 3:20 PM |
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A couple of weeks ago, a house I was interested in went to the foreclosure auction. The auction was scheduled for 10 AM, they only got to that particular house around 12:30 ... 1. ForeclosureRadar.com updated the listing and changed the status from "auction" to "bank-owned" some time around 4 PM on the same day.
RealtyTrac.com is still showing it as "pre-foreclosure". |
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LoonyQT
Posts:904
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| 09/05/2008 4:56 PM |
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| Eugene - do you have access to both realtytrac and foreclosureradar? Can you get all the loan details from foreclosureradar? |
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Eugene
Posts:268
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| 09/05/2008 5:14 PM |
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Here's what I typically see with foreclosureradar
Auction Opportunity
16778 FALCON BLUFF CTSAN DIEGO, CA, 92127
APN: 678-520-39-00SAN DIEGO
Est. Value |
$986,299.00 |
Type |
Single Family |
Sq Ft |
4,069 |
|---|
Equity (%) |
($293,701.00)
(-30%)
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Year Built |
2003 |
Lot Size |
0 |
|---|
Assessed Value |
$1,144,440.00 |
Beds/Baths |
4/3.50 |
Pool |
Yes
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Land Value |
$593,028.00 |
Rooms |
0 |
HVAC |
No
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Imp. Value |
$551,412.00 |
Garage |
3 |
Fireplace |
No
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Annual Taxes |
$14,761.00 |
Legal Desc |
LOT 53 |
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Auction Details
Sale Status |
Active |
TS# |
GM-140304-C |
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Sale Date |
09/17/08 |
Doc# |
411737 |
Sale Amount |
$922,146.00 |
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Sale Time |
10:00:00 |
Rec Date |
08/01/08 |
Opening Bid |
$.00 |
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Prior Date |
09/05/08 |
Postponed for |
Beneficiary Request |
Winning Bid |
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Original Date |
08/22/08 |
Sale Location |
220 W BROADWAY, SAN DIEGO |
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Loan Position |
First |
Loan Amount |
$880,000.00 |
Loan Date |
05/16/05 |
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Owner |
Lender |
Trustee |
|---|
AZEMI,HOOSHMAND O & ALEJANDREA
SAN DIEGO, CA92127
92127
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MORTGAGE ELECTRONIC REGISTRATI
2255 N ONTARIO ST 400
BURBANK, CA91504
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ETS SERVICES LLC
2255 N ONTARIO ST 400
BURBANK, CA91504
714-259-7850 |
Transaction History
Type |
Document |
Party |
Name |
Position |
Amount |
|---|
Transfer |
693013
08/15/02 |
Seller
Buyer |
RYLAND HOMES CALIFORNIA INC
GORGA,MICHAEL J & GERALDINE R |
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Transfer |
411587
05/16/05 |
Seller
Buyer |
GORGA,MICHAEL J & GERALDINE R
AZEMI,HOOSHMAND O & ALEJANDREA |
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$1,100,000.00 |
Loan |
411588
05/16/05 |
Borrower
Lender |
AZEMI,HOOSHMAND O & ALEJANDREA
HOMECOMINGS FINANCIAL NETWORK |
First |
$880,000.00 |
-
Default |
224242
04/28/08 |
Borrower
Trustee |
HOOSHMAND O & ALEJANDREA AZEMI
EXECUTIVE TRUSTEE SERVICES LLC |
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$19,550.00 |
-
Trustee Sale |
411737
08/01/08 |
Borrower
Trustee |
HOOSHMAND O & ALEJANDREA AZEMI
ETS SERVICES LLC |
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$922,146.00 |
Loan |
787755
09/13/05 |
Borrower
Lender |
AZEMI,HOOSHMAND O
INDYMAC BANK FSB |
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$100,000.00 |
Loan |
33842
01/17/06 |
Borrower
Lender |
AZEMI,HOOSHMAND O & ALEJANDREA
AMERICAN HOME MORTGAGE INC |
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$150,000.00 |
Loan |
422016
06/14/06 |
Borrower
Lender |
AZEMI,HOOSHMAND O
J P MORGAN CHASE BANK |
Second |
$175,000.00 |
Loan |
862698
12/05/06 |
Borrower
Lender |
AZEMI,HOOSHMAND O & ALEJANDREA
J P MORGAN CHASE BANK |
Third |
$225,000.00 |
-
Default |
274051
05/21/08 |
Borrower
Trustee |
HOOSHMAND O & ALEJANDREA AZEMI
FIRST AMERICAN TITLE INS CO |
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$7,976.00 |
The information contained in this report is subject to the license
restrictions and all other terms contained in ForeclosureRadar.com's User
Agreement.
I don't have a subscription to realtytrac.
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ownhomeinSD
Posts:167
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| 09/05/2008 5:35 PM |
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I just found that it is two loans, two Deeds of Trust, and then two foreclosures. Recently foreclosures mainly from homes puchased during peak time and high percentage of buyers owned more than one loans. Plus, those did refinancing and took money from their "money machines" have two or more loans. This is why we see foreclosures increase dramatically.
But real properties involved in foreclosure steps may not increase that fast.
Here is the raw data about San Diego County Foreclosure Statistics year by year and month by month
<a href="http://www.foreclosureforum.com/stats.html">San Diego County Foreclosure Statistics</a><br> |
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mydogneedsayard
Posts:23
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| 09/05/2008 8:15 PM |
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| QT - I pony up the $50 as well for realty trac. I find many homes listed are in default but not listed as short sales. I think it is worth the $50 to not waste my time on these phantom short sales. Good question because if other sites are cheaper or better I will make the switch. |
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radar
Posts:1
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| 09/05/2008 8:38 PM |
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| I had a subscription to RealtyTrac and I canceled it because their data is corrupt and inaccurate. I now subscribe to Foreclosure Radar and it's completely accurate and timely. I would highly highly recommend Foreclosure Radar. |
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RB1980
Posts:46
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| 09/07/2008 10:48 AM |
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sorry to hear you guys are shelling out the $50/mo to get data that is available for free. I just hit up my local Title company and subscribed to their weekly email that lists all the nod, nos and reo's. All the same data you listed above, but for $free$. Granted, they don't list the trust deeds, but all I have to do is email them the address and they will look it up for me.
I always suspected these sites were a rip-off, and now I am validated. I mean, if you got the money, more power to ya. I'm sure there's a convenience factor that makes it worthwhile. |
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Dirtcheap
Posts:35
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| 11/15/2008 7:17 PM |
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| foreclosureradar is heads above the rest. Its more up to date, lots of search options, historical data etc. no contest. |
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Jack**
Posts:77
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| 11/15/2008 11:41 PM |
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Last week I tried to cancel by $40 subscription to Foreclosure.com.
They immediately offered me a lower price of $23 to continue the subscription. |
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