I should note that none of these data sets are complete, and they don't all necessarily overlap the way they should. But I think the magnitude of the data is about right, and that relative comparisons can still be made. For example, the SFH listings, from ZipRealty could be subtracted from the Total MLS listings, to get a relative feel for how many homes are currently pending sale in each zip. The REOs could be subtracted from the foreclosures to determine the level of "shadow" inventory etc.
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Nor do all of the agents identify the REO's (or short sales) on the MLS, from my review.
For Cameron Park, the total number of foreclosures, NOD's, etc., on foreclosure.com, has increased from 300 to 420, over the past year. (This is the stated number from the website, but has always included many duplicates.)
So, if I'm reading this correctly (even assuming there are duplicates), EDH could go from the current 67 REOs to 297 (foreclosures in progress + NODs..assuming those NODs do not get renegotiated)??
It could get pretty ugly in EDH if what I'm assuming is correct....
Yup Sunshine...worst case is 297 (if all the NODs turn to foreclosures and no current foreclosures sell)....but this is just a snapshot in time...the current foreclosures will eventually make it to market and be sold off...and the NODs take some time to work their way into foreclousres, or back to current.
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