Oooof!

Just a quicky update. Grabbed all the MLS REO sales I could locate for the Kenmore (North) and Summit Lake neighborhoods in Akron, for the 2007 calendar year. This is some interesting stuff.

75 of the 125 sales in Kenmore (North) were REOs (60%); 37 of the 43 sales (86%) in the Summit Lake neighborhood were REOs. Thus I have a sample size of 118 sales.

For some I will not be able to get the foreclosure sale price, or the foreclosure appraisal amount (unless I can find a way to access the data for the Federal Court sales). Still, it is the county sheriff sale information I am interested in, and I now have the names of all the defendants in the foreclosure cases for these properties.

I also have the seller names and sales prices for some really spectacular post-REO flip sales!! (And here we thought the lenders were becoming cautious because of the sub-prime meltdown. They seem as stupid as ever. And there appear to be some really clueless appraisers out there yet as well -- maybe they are coming to appraise in Akron from Cleveland and Columbus and Upstate New York.)

This project will take some time, but I have already laid out the Excel spreadsheet for the project. Stay tuned!