""A total of 78,955 U.S. properties received default notices (NOD, LIS) in November, a 21 percent decrease from the previous month and a 31 percent decrease from November 2009 — the 10th straight annual decrease in default notices. November’s default notices total was the lowest since July 2007. ""
DEFAULT NOTICES, administrative 3 months mandatory paper trail, properly 'served' to meet stage one Legal Requirements...
November 2010 lowest since July 2007 thats 3 years and 5 months = 41 months
so finally exhausted the continued monthly supply of about 80,000 defaulting type house buyers, 3.28 million defaulters
SINCE THE TAIL END CHARLIES finally 'evicted' is/has been at 95,000 / month...(why MORE..hum) ANYWAY, FOR SURE ALL 100% OF THE DEFAULTERS SEEM TO BE CONTINUING TO NOT PAY..remaining rent free during the judicial cycle from default to final eviction...
How Long on average ? 12-24 months per house rent-free? pure guess.. another guess is therrefore HOW MUCH 'TAKE HOME ADDITIONAL SPENDING MONEY IS IT @ 24 months and say $1500/month (very modest estimate, low end). and 3.28 million 'beneficiaries' over the 41 months thus far...
Well, a NICE SOLID $36,100 per household ....11.75 x 10 (6+4) => 11.75 tens of billions..=>.$117.50 BILLION boost to the USA economy, spread over 41 months, very very good...
Another pure guess is IF the US IRS will make an Administrative Final Decision regards the tax status of the UNPAIDFORGIVEN DEBTS on those mortgages...
You see, of course, that for every Bank Tax deduction for 'written off mortgage-debt', that same EQUAL amount of "DEBT FORGIVEN MUST BE TAXED", against the 'beneficiary...shall it be 'short term' or 'long term' windfall income?,
and under what special payment terms shall the IRS allow the money-due to be paid...probably the short term mode = 35% average for blue collar workers, spread over 2 years of the estimated $36,100 / household finally evicted, about $12,600 'back taxes due'
and for non-citizens, non-payment could result in deportation/refusals to renew VISAs and all THAT...right?
LPS Applied Analytics released their November Mortgage Performance data. According to LPS:
• The average number of days delinquent for loans in foreclosure is a record 499 days
• Over 4.3 million loans are 90 days or more delinquent or in foreclosure
• Delinquency rates are down across all products as more loans entered foreclosure and new delinquencies declined.
• Foreclosure inventory increases are being driven both by elevated levels of foreclosure starts as well as a very limited amount of foreclosure sale activity.
Click on graph for larger image in new window.
This graph provided by LPS Applied Analytics shows the percent delinquent, percent in foreclosure, and total non-current mortgages.
The percent in the foreclosure process is trending up because of the foreclosure moratoriums.
According to LPS, 9.02% of mortgages are delinquent (down from 9.29% in October), and another 4.08% are in the foreclosure process (up from 3.92% in October) for a total of 13.10%. It breaks down as:
• 2.61 million loans less than 90 days delinquent.
• 2.16 million loans 90+ days delinquent.
• 2.16 million loans in foreclosure process.
For a total of 6.92 million loans delinquent or in foreclosure.
Note: I've seen some people include these 7 million delinquent loans as "shadow inventory". This is not correct because 1) some of these loans will cure, and 2) some of these homes are already listed for sale (so they are included in the visible inventory).
Two key numbers to watch in 2011 are:
• New delinquencies. With falling house prices, delinquencies could start to increase again.
• Foreclosures. With the end of the foreclosure moratoriums, foreclosure sales should increase - and the number of homes in the foreclosure process should decline. However REOs (Real Estate Owned) will increase unless the homes are sold.
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'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
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'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
How important will social media be to small business in 2011? Likely even more important than it was in 2010. Let's face it. Social media gives small business.
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Olympus E-PL2 announced and previewed: Pre-CES 2011: Olympus has announced the Micro Four Thirds PEN E-PL2. Sitting below the E-P2 in the company's PEN lineup, the E-PL2 boasts the same 12Mp sensor but adds a raft of improvements, ...
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'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
How important will social media be to small business in 2011? Likely even more important than it was in 2010. Let's face it. Social media gives small business.
Olympus E-PL2 announced and previewed: Digital Photography Review
Olympus E-PL2 announced and previewed: Pre-CES 2011: Olympus has announced the Micro Four Thirds PEN E-PL2. Sitting below the E-P2 in the company's PEN lineup, the E-PL2 boasts the same 12Mp sensor but adds a raft of improvements, ...
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'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
How important will social media be to small business in 2011? Likely even more important than it was in 2010. Let's face it. Social media gives small business.
Olympus E-PL2 announced and previewed: Digital Photography Review
Olympus E-PL2 announced and previewed: Pre-CES 2011: Olympus has announced the Micro Four Thirds PEN E-PL2. Sitting below the E-P2 in the company's PEN lineup, the E-PL2 boasts the same 12Mp sensor but adds a raft of improvements, ...
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'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
How important will social media be to small business in 2011? Likely even more important than it was in 2010. Let's face it. Social media gives small business.
Olympus E-PL2 announced and previewed: Digital Photography Review
Olympus E-PL2 announced and previewed: Pre-CES 2011: Olympus has announced the Micro Four Thirds PEN E-PL2. Sitting below the E-P2 in the company's PEN lineup, the E-PL2 boasts the same 12Mp sensor but adds a raft of improvements, ...
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surface encounters
'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
How important will social media be to small business in 2011? Likely even more important than it was in 2010. Let's face it. Social media gives small business.
Olympus E-PL2 announced and previewed: Digital Photography Review
Olympus E-PL2 announced and previewed: Pre-CES 2011: Olympus has announced the Micro Four Thirds PEN E-PL2. Sitting below the E-P2 in the company's PEN lineup, the E-PL2 boasts the same 12Mp sensor but adds a raft of improvements, ...
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'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
How important will social media be to small business in 2011? Likely even more important than it was in 2010. Let's face it. Social media gives small business.
Olympus E-PL2 announced and previewed: Digital Photography Review
Olympus E-PL2 announced and previewed: Pre-CES 2011: Olympus has announced the Micro Four Thirds PEN E-PL2. Sitting below the E-P2 in the company's PEN lineup, the E-PL2 boasts the same 12Mp sensor but adds a raft of improvements, ...
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surface encounters
'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
How important will social media be to small business in 2011? Likely even more important than it was in 2010. Let's face it. Social media gives small business.
Olympus E-PL2 announced and previewed: Digital Photography Review
Olympus E-PL2 announced and previewed: Pre-CES 2011: Olympus has announced the Micro Four Thirds PEN E-PL2. Sitting below the E-P2 in the company's PEN lineup, the E-PL2 boasts the same 12Mp sensor but adds a raft of improvements, ...
surface encounters rock tops
surface encounters rock tops
'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
How important will social media be to small business in 2011? Likely even more important than it was in 2010. Let's face it. Social media gives small business.
Olympus E-PL2 announced and previewed: Digital Photography Review
Olympus E-PL2 announced and previewed: Pre-CES 2011: Olympus has announced the Micro Four Thirds PEN E-PL2. Sitting below the E-P2 in the company's PEN lineup, the E-PL2 boasts the same 12Mp sensor but adds a raft of improvements, ...
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'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
How important will social media be to small business in 2011? Likely even more important than it was in 2010. Let's face it. Social media gives small business.
Olympus E-PL2 announced and previewed: Digital Photography Review
Olympus E-PL2 announced and previewed: Pre-CES 2011: Olympus has announced the Micro Four Thirds PEN E-PL2. Sitting below the E-P2 in the company's PEN lineup, the E-PL2 boasts the same 12Mp sensor but adds a raft of improvements, ...
surface encounters noblesville
surface encounters noblesville
'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
How important will social media be to small business in 2011? Likely even more important than it was in 2010. Let's face it. Social media gives small business.
Olympus E-PL2 announced and previewed: Digital Photography Review
Olympus E-PL2 announced and previewed: Pre-CES 2011: Olympus has announced the Micro Four Thirds PEN E-PL2. Sitting below the E-P2 in the company's PEN lineup, the E-PL2 boasts the same 12Mp sensor but adds a raft of improvements, ...
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'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
How important will social media be to small business in 2011? Likely even more important than it was in 2010. Let's face it. Social media gives small business.
Olympus E-PL2 announced and previewed: Digital Photography Review
Olympus E-PL2 announced and previewed: Pre-CES 2011: Olympus has announced the Micro Four Thirds PEN E-PL2. Sitting below the E-P2 in the company's PEN lineup, the E-PL2 boasts the same 12Mp sensor but adds a raft of improvements, ...
surface encounters noblesville
surface encounters rock tops
'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
How important will social media be to small business in 2011? Likely even more important than it was in 2010. Let's face it. Social media gives small business.
Olympus E-PL2 announced and previewed: Digital Photography Review
Olympus E-PL2 announced and previewed: Pre-CES 2011: Olympus has announced the Micro Four Thirds PEN E-PL2. Sitting below the E-P2 in the company's PEN lineup, the E-PL2 boasts the same 12Mp sensor but adds a raft of improvements, ...
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surface encounters noblesville
'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
How important will social media be to small business in 2011? Likely even more important than it was in 2010. Let's face it. Social media gives small business.
Olympus E-PL2 announced and previewed: Digital Photography Review
Olympus E-PL2 announced and previewed: Pre-CES 2011: Olympus has announced the Micro Four Thirds PEN E-PL2. Sitting below the E-P2 in the company's PEN lineup, the E-PL2 boasts the same 12Mp sensor but adds a raft of improvements, ...
surface encounters noblesville
'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
How important will social media be to small business in 2011? Likely even more important than it was in 2010. Let's face it. Social media gives small business.
Olympus E-PL2 announced and previewed: Digital Photography Review
Olympus E-PL2 announced and previewed: Pre-CES 2011: Olympus has announced the Micro Four Thirds PEN E-PL2. Sitting below the E-P2 in the company's PEN lineup, the E-PL2 boasts the same 12Mp sensor but adds a raft of improvements, ...
surface encounters noblesville
surface encounters
'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
How important will social media be to small business in 2011? Likely even more important than it was in 2010. Let's face it. Social media gives small business.
Olympus E-PL2 announced and previewed: Digital Photography Review
Olympus E-PL2 announced and previewed: Pre-CES 2011: Olympus has announced the Micro Four Thirds PEN E-PL2. Sitting below the E-P2 in the company's PEN lineup, the E-PL2 boasts the same 12Mp sensor but adds a raft of improvements, ...
surface encounters macomb
surface encounters macomb
'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
How important will social media be to small business in 2011? Likely even more important than it was in 2010. Let's face it. Social media gives small business.
Olympus E-PL2 announced and previewed: Digital Photography Review
Olympus E-PL2 announced and previewed: Pre-CES 2011: Olympus has announced the Micro Four Thirds PEN E-PL2. Sitting below the E-P2 in the company's PEN lineup, the E-PL2 boasts the same 12Mp sensor but adds a raft of improvements, ...
surface encounters michigan
surface encounters
'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
How important will social media be to small business in 2011? Likely even more important than it was in 2010. Let's face it. Social media gives small business.
Olympus E-PL2 announced and previewed: Digital Photography Review
Olympus E-PL2 announced and previewed: Pre-CES 2011: Olympus has announced the Micro Four Thirds PEN E-PL2. Sitting below the E-P2 in the company's PEN lineup, the E-PL2 boasts the same 12Mp sensor but adds a raft of improvements, ...
surface encounters macomb mi
surface encounters macomb
'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
How important will social media be to small business in 2011? Likely even more important than it was in 2010. Let's face it. Social media gives small business.
Olympus E-PL2 announced and previewed: Digital Photography Review
Olympus E-PL2 announced and previewed: Pre-CES 2011: Olympus has announced the Micro Four Thirds PEN E-PL2. Sitting below the E-P2 in the company's PEN lineup, the E-PL2 boasts the same 12Mp sensor but adds a raft of improvements, ...
surface encounters macomb
surface encounters noblesville
'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
How important will social media be to small business in 2011? Likely even more important than it was in 2010. Let's face it. Social media gives small business.
Olympus E-PL2 announced and previewed: Digital Photography Review
Olympus E-PL2 announced and previewed: Pre-CES 2011: Olympus has announced the Micro Four Thirds PEN E-PL2. Sitting below the E-P2 in the company's PEN lineup, the E-PL2 boasts the same 12Mp sensor but adds a raft of improvements, ...
surface encounters michigan
surface encounters macomb mi
'Friday Night Lights': The Bad <b>News</b> Lions - From Inside the Box <b>...</b>
Most of you likely won't be watching “Friday Night Lights” until the NBC run later in 2011, but for the dedicated few tuning into DirecTV, please join our swoony recapage of the series' final season.
Small Business <b>News</b>: Recommitting To Social Media in 2011
How important will social media be to small business in 2011? Likely even more important than it was in 2010. Let's face it. Social media gives small business.
Olympus E-PL2 announced and previewed: Digital Photography Review
Olympus E-PL2 announced and previewed: Pre-CES 2011: Olympus has announced the Micro Four Thirds PEN E-PL2. Sitting below the E-P2 in the company's PEN lineup, the E-PL2 boasts the same 12Mp sensor but adds a raft of improvements, ...
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