So HARP 2.0 has launched, but your loan must be owned by Fannie Mae or Freddie Mac to qualify or even get considered.  If you want to avoid a 2 hour phone queue with Citi/Chase/ BofA/ Wells just to ask if you loan was sold to them, try these links:

–  Fannie Mae Loan Search.

Freddie Mac Loan Search.

Wow, I assumed my 15 year fixed from 2004 was kept in Citi’s portfolio, but I was just another piece of their chattel that got securitized.  Anyway, these links will give you a head start if you are looking to take advantage of the new program. 

November forecloser activity:

 – NODs increased from 14 in October to 15 in November.  Zero of the last 2 months of NODs have been by “real” banks filing against SFR owners.  Zero.   The new Nevada requirements don’t seem to be too onerous – just document that you have legal right to foreclose.  The formwork is attached to this Typical NOD on a pretty interesting property.  It doesn’t seem too awfully hard to comply with.  Why is it such a problem for the loan servicers?  After 2 months of no new NODs and no solution on the horizon, this is going to drastically change the mix of listings in a couple of months.

–  NOSs dropped to 372 from 441 in October and 411 in September.

–  TDs increased a bit to 233 in October from 210 in October.  NRES was active along with their fellow investors, but there seems to be a lot of newbies bidding on the courthouse steps and winning a few.  I went to a sale this week, and it definitely isn’t as civil there as when the Investors Club controlled all the action – the newbies just don’t understand that the winning bidder is supposed to be pre-arranged!

Still waiting for the Rising Tides to post their list of officers so that we can see who really bought Kiley Ranch.  They have until the end of the year, and I suspect that they will delay as long as possible.

OK, Reno just made another list, and the news wasn’t good.  In fact, it was sad.  Honolulu was rated as the Happiest city in America out of 100 cities in the “study”.  Reno rated and F and placed #92 out 100 as one of the Saddest American Cities.  I’m too depressed to be angry about our placement.