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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: What's going on?? Posted by Ward-CA- on January 22, 2002 at 6:29 PM In Reply to: Best Time to Buy posted by Troy on January 22, 2002 at 11:58 AM : Ward, in your opinion, in this market are more foreclosure investors attempting to buy from the trustor before the sale, or from the trustee at the sale? ==================== Troy, it's hard to tell who's doing what with owners prior to the Trustee's sale, whereas at the auctions it's easy to count the noses of all those present or all those who have qualified to bid. I count 12 to 15 noses most of the time at the Trustee's sales. Also, it isn't too hard to count the number of Trustee's Deeds that recorded in San Diego county every month (averaged approx. 69 per month for 2001). Question is — out of that monthly average of 69, how many went to outside bidders? I'd guess no more than 10 percent. Now let's look at the average number of Notices of Default that recorded in San Diego County every month (averaged approx. 477 per month for 2001). So I suspect there's more buying/lending foreclosure activity going on with owners in default than at the foreclosure auctions. But what others might or might not be doing isn't as important as what foreclosure area is working best for you. And that can only be answered by trying each venue out for a good solid month and making a comparison afterward. So, up up into the hustings my friend. Give it a try and then let us know for sure what's going on. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, in your opinion, in this market are more foreclosure investors attempting to buy from the trustor before the sale, or from the trustee at the sale? : ==================== : Troy, it's hard to tell who's doing what with owners prior to the Trustee's sale, whereas at the auctions it's easy to count the noses of all those present or all those who have qualified to bid. : I count 12 to 15 noses most of the time at the Trustee's sales. : Also, it isn't too hard to count the number of Trustee's Deeds that recorded in San Diego county every month (averaged approx. 69 per month for 2001). : Question is — out of that monthly average of 69, how many went to outside bidders? I'd guess no more than 10 percent. : Now let's look at the average number of Notices of Default that recorded in San Diego County every month (averaged approx. 477 per month for 2001). : So I suspect there's more buying/lending foreclosure activity going on with owners in default than at the foreclosure auctions. : But what others might or might not be doing isn't as important as what foreclosure area is working best for you. And that can only be answered by trying each venue out for a good solid month and making a comparison afterward. : So, up up into the hustings my friend. Give it a try and then let us know for sure what's going on. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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