Thursday, March 18, 2010

Agents are Full of S**T


Here in my corner of the world, the next time your bubbly agent tells you how great things are in the world and how that world will only be greater for you if you buy this home "TODAY!!!!!!", ask that agent of yours about "ORDERS of NOTICE". Now, mind you, they probably do not know what those things are. My advice in that situation is to get another agent, FAST! Just call me, actually.

That is an order of notice over yonder the right there. Not a pretty thing I would hazard (privacy information has been blocked out), AND, it gets uglier as one learns about them.

Herewith is a small primer on what we will now abbreviate as OON:

An OON may be considered an solid indicator of foreclosures coming up. It is a required document filed at the Registry of Deeds that notified folks that their lender is going to foreclose on them. The OON is required because any person in the military can seek relief under the Service members Civil Relief Act (one rightly cannot foreclose on a bloke shooting down some scum bucket who wants to do harm to Americans).

An now, hers are some stats to ponder.

Looking at this year to date (1/1 - 3/18) there have been in "my" areas (Belmont, Arlington, Watertown and Medford) 66 OON's plopped in mailboxes of sinking homeowners; 37 of those are in Medford, by the way.

In the same period last year, there were 14!...Yes only 14 (11 in Medford).

That is a big clunk. When one thinks of all the foreclosures that have been laid to rest, and these numbers coming up that ARE NOT in the stats,...well conjecture is worth a few moments when next we "latte at Starbucks".

What does this mean? Well, we will expand our stat collection and see if the patterns are "All over the board". Then, we will be better able to discern if your happy agent is full of S**T, or completely down and out of the crapper already.

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