Condo Vultures: S. Fla. REOs a ‘mixed bag’ - South Florida Business Journal:

Sixteen percent more South Florida properties were repossessed in the third quarter of this year than were repossessed during the same time period in 2008, according to a new report by Condo Vultures LLC.

If that pace continues, there could be nearly 29,000 South Florida homes repossessed by the end of the year. That would be a 9 percent increase over 2008, when 26,240 homes were taken back by lenders, according to the report that is compiled using court records.

"On one hand, the number of REOs will continue to rise in unison with the number of foreclosure actions - on pace for nearly 100,000 in 2009 - being filed in South Florida," Peter Zalewski, a principal with the Bal Harbour-based real estate consultancy, said in a news release. "On the other hand, the pool of buyers for REOs is extremely deep in South Florida, despite the challenges of obtaining financing in today's market."

The number of REOs depends on where you are in the tri-county area, noted Zalewski.

Broward County experienced a 54 percent spike in repossessions in the third quarter to 4,033, up from 2,624 in the third quarter of 2008.

For the year, there have been 10,523 REOs in Broward, up 43 percent from the 7,370 experienced in the same period last year.

On the other hand, Palm Beach County realized 10 percent decrease in REOs in the third quarter to 1,075, from 1,190 during the same time in 2008.

For the year, REOs in Palm Beach County are up by 2 percent to 3,000 from 2,934 a year ago.

The number of REOs in Miami-Dade County fell by 5 percent in the third quarter to 3,132 from 3,286 during the same time in 2008. In the first nine months of 2009, Miami-Dade's REO total was 8,020, down 7 percent from the same period in 2008 when there were 8,656 REOs.

Short of government intervention or an immediate economic recovery, the number of REOs in South Florida is likely to continue growing as the number of foreclosures actions continues upward, Zalewski predicts.

1and1.com, ICANN 60 day timeout rule UPDATE: Info worth knowing.

UPDATE: Info worth reading and knowing.

-----Original Message-----
From: ICANN General Inquiries [mailto:complaint-followup@icann.org] Sent: Wednesday, October 14, 2009 10:15 AM
To: raagroup.com
Subject: ICANN Contact Form - ICANN 60 day timeout rule

Thank you for your message. When a gTLD domain name is first registered, it cannot be transferred for 60 days. That’s a no-exceptions ICANN policy included in the Inter-Registrar Transfer Policy and the functional specifications of each registry agreement (see for example section 3.1.1 of the functional specs for .com at: http://www.icann.org/tlds/agreements/verisign/appendix-07-01mar06.htm). When a domain name is transferred from one registrar to another, the gaining registrar has the right to deny outgoing transfers for 60 days, but is not required to. You can find this rule in the Inter-Registrar Transfer Policy, located at http://www.icann.org/transfers/policy-12jul04.htm. Specifically, I refer to item number 9 in section A.3.

I hope this is helpful.

Regards,

ICANN Services

Ticket Details
===================
Ticket ID: Department: Registrar Service
Priority: Low
Status: Closed

-----Original Message-----
From: transfer@1and1.com [mailto:transfer@1and1.com] Sent: Tuesday, October 13, 2009 7:27 AM
To: Richard Angulo
Subject: Case#

Dear Richard Angulo, (Customer ID:)

Thank you for contacting us. We can manually acknowledge the transfer to godaddy prior to the end of
the 60 day transfer lock as the domain will be going back to it's
previous registrar.

Please let us know if you wish us to manually override this lock.

Thank you.

If you have any further questions please do not hesitate to contact us.

Sincerely,
Transfers Department
1&1 Internet

-----Original Message-----
From: Compliance Transfer Problems [mailto:complaint-followup@icann.org] Sent: Sunday, October 11, 2009 1:12 AM
To: raagroup.com
Subject: Complaint Form - RAAGROUP.COM

Dear Sir/Madam:

Thank you for your inquiry. However, the Inter-Registrar Transfer Policy, applicable to all ICANN-accredited registrars, provides that the registered name holders must be able to transfer their domain name registrations between registrars. You must wait 60 days after the initial registration or any previous transfers to initiate a transfer.

Regards,

ICANN Services

Ticket Details
===================
Ticket ID:
Department: Transfer Problems
Priority: High
Status: Closed