Mfarmam: foreclosure listings

Google foreclosure maps

Cory Doctorow at 7:39 AM Thursday, Dec 9, 2010

Barry sez,

Google Maps keeps evolving, expanding the ability to drill down into granular detail. The latest updated trick? Mapping foreclosures for sale.

This great and terrible Google trick has been around at least since 2008 -- but it seems to have become much more robust earlier this year:

1. Punch any US address into Google Maps.

2. Your options are Earth, Satellite, Map, Traffic and . . . More. (Select "More")

3. The drop down menu gives you a check box option for "Real Estate."

4. The left column will give you several options (You may have to select "Show Options")

5. Check the box marked "Foreclosure."

I wanted to demonstrate the full extent of Foreclosures in the US, so after setting GMaps on foreclosure listings, I slowly zoomed out of the map. Voila! Most foreclosures that are for sale in the USA are now showing on your screen.
(Note: This map does not reveal any of the millions of REOs that have already been sold by the banks that hold them).

Google Map Foreclosure Tricks
(Thanks, Barry!)

and, contra to an earlier Post, on “Quants”, these are the ‘Data Jockeys’ to pay attention to–ask Jim Simons, see if he agrees..

curbyourrisk Says:

December 9th, 2010 at 9:12 am

Great tool…….WOW…..Farmingdale is loaded. Funny, when I looked up at the North Shore of Long Island (where all the beautiful people live)…..NONE!!! But then again, they are beter than the rest of us.

rktbrkr Says:

December 9th, 2010 at 9:32 am

Fannie has an online listing of their REOs, only 3% downpayment required with 3.5% allowance for owner-occupied – so essentially nothing down. No appraisal or mortgage ins required. Nothing said about title ins. Special financing for renovations/repairs.

I believe there will be at least one more wave of markdowns in the sand states once the foreclosure train regains momentum, the normal areas might be near bottom now as long as we can hold at 90% employment.

If BB screws up and mortgage rates soar then it’s good night Irene for homeowers even at this level

http://www.homepath.com/

beaufou Says:

December 9th, 2010 at 9:32 am

Can you google map the notes for those foreclosures?

Livermore Shimervore Says:

December 9th, 2010 at 10:33 am

interesting: Click on both the “For Sale” and “Foreclosure” check boxes and then unclick “For Sale”. Very different maps.

curbyourrisk Says:

December 9th, 2010 at 11:28 am

But, but Barry said the bottom was in/near in housing…

http://www.bloomberg.com/news/2010-12-09/homes-in-u-s-poised-to-lose-1-7-trillion-in-value-this-year-zillow-says.html

Mannwich Says:

December 9th, 2010 at 12:13 pm

This one is a must-read today:

http://www.correntewire.com/why_obama_tax_deal_republicans_insane

louis Says:

December 9th, 2010 at 1:16 pm

Move along, these aren’t the dots your looking for – Que Ostrich.

Google Maps adds Foreclosure Results » The Art of Short Sales Says:

December 9th, 2010 at 3:14 pm

[...] interesting find over at The Big Picture, detailing how to use Google Maps to find foreclosures: Google Maps keeps evolving, expanding the ability to drill down into granular detail. The latest [...]

Use a Google Maps Filter to See Nearby Foreclosures [Real Estate] | Berry Live Says:

December 9th, 2010 at 4:02 pm

[...] state of the economy, and for seeing what homes go for when they’ve been left in the wind. Google Map Foreclosure Tricks [The Big Picture via BoingBoing [...]

Foreclosure Listing On Google Maps? « Daniel's Rants & Raves Says:

December 9th, 2010 at 5:24 pm

[...] I know Google Maps can be used to see directions to some place in the area you never been to, you can see street views of places, and so many other wonderful uses for Google Maps but now you can actually check the Foreclosures in a particular area using Google’s Map Service which is crazy, check out this article for more Details HERE. [...]

FMT Says:

December 9th, 2010 at 6:56 pm

Immensely sad to reflect on the family stress and pain many of these dots will represent.

michael Says:

December 9th, 2010 at 11:06 pm

its probably worth noting that even this badly understates the problem. a home across the street from me was short-sold and the family lost all of their equity and the money’s for a major addition they had put into it; they of course aren’t shown. also, the house next to them went through foreclosure. its since been bought and a new family is living there. since its not currently in foreclosure, its not displayed either.

Rob Says:

December 9th, 2010 at 11:07 pm

Been having fun looking at foreclosure properties in my area this morning.

Didn’t know that was even a possibility on GM.

Stumbled upon something that was really cool that I’ve never seen before.

Well sort of. If you look at a property using the “street view” then you

can checkout the area around the property. (yeah, bear with me, I know that

isn’t “new”) But while you looking at it in street view, right mouse click

on the image and select “3D mode on.” Now that’s bad ass.

I use to do mechanical design work and our computer did a similar “trick” as

this. When you were designing a 3D part you could put it in 3D mode and the

part you were designing became 3D (with the glasses of course) While it was

a super nifty trick, it didn’t have much purpose in the design process.

Similar to this street view thing I guess, really nifty but not much

purpose…. yet.

In case the 3D thing isn’t available everywhere, here’s the property I was

looking at.

http://maps.google.com/maps?

Rob

TheCenterLane Says:

December 10th, 2010 at 3:51 am

I wouldn’t get too excited about that unit at 3425 Collins Ave. I used to live right nearby for 9 years.

Even in this depressed market: You get what you pay for.

Caveat Emptor. ‘Nuff said.

zato Says:

December 10th, 2010 at 1:12 pm

These are NOT foreclosure listings. They are FOR SALE listings.

I looked at my neighborhood and ever single house that is for sale is designated a foreclosure according to google maps with “foreclosure” checked. Every single one. Now I know some of my neighbors and they are not in foreclosure.

The data is bad, folks.

Amazing & Staggering – Foreclosure Maps | Roylat.com Says:

December 10th, 2010 at 2:58 pm

[...] out the full article and set of maps – and instructions on how to do it yourself [...]

paulks Says:

December 11th, 2010 at 11:25 am

The data doesn’t represent what we think it does, or what the title implies. I asked a real estate insider about this map. His reply:

“That is a pretty neat system. Unfortunately, it’s not a very accurate or useful system to me, it looks like it just generates hits to foreclosure “sale” websites, which in turn makes my client call me and ask to see a property that was sold weeks ago. The interesting thing is that nobody can actually sell a foreclosure except the public trustee, they only take cash, and they don’t advertise. The news media has done a good job of confusing the public about what a foreclosure really is. All these houses may be in the foreclosure process at some point, or have already gone through foreclosure. Most appear to be bank owned or short sales or distressed sales, etc.

I looked up a couple I know about and the system appears to only be linked to these commercial websites, not the current MLS. 1375 S Vrain is shown on the map as being listed for $145k. I know it went through and completed foreclosure nearly a year ago, and the bank sold it at auction 10 days ago for $74,000 (to my investors)”

Foreclosures on Google Maps | Mapsys.info Says:

December 12th, 2010 at 5:55 pm

[...] The Big Picture has been looking at a number of areas on Google Maps to assess the impact of the downturn on people’s homes. [...]

Matrix » Google Maps Shows Us Our Foreclosure Skeletons Says:

December 12th, 2010 at 7:04 pm

[...] is why Barry Ritholtz’s The Big Picture is a must read – always a trove of cool insight – this time its (via ChartPorn) [...]

America’s Spreading Foreclosure Pandemic — use Google’s foreclosure maps to expose the extent of foreclosures nationwide and in your neighborhood « Dregs of the Future Says:

December 13th, 2010 at 1:17 pm

[...] Amazing US default and foreclosure maps [...]

Quora Says:

December 13th, 2010 at 4:09 pm

How to find foreclosing apartments?…

Google provides an interesting solution for this though I cannot confirm if their results are relevant. Basically go to Google Maps, punch in any US address and hit the More button besides Traffic. There is an option for Real Estate, check that and on …

Cogitator Says:

December 13th, 2010 at 5:12 pm

This seems to be for homes that have been foreclosed on. There are many others that are in the process, but have not yet been, as they say, sold on the courthouse steps to make this list. If all of the homes that are in the process of being foreclosed were on on this map, it would look much worse.

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