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Specified Bids

Posted by Greg on May 03, 2009 at 9:04 AM

I was curious how prevalent specified bids had become at this point so I pulled some data from the LPS web site for the week of April 27. Scroll down to see a summary of the results (can't get the html to display gracefully).

Opening bids are set below the notice of sale amount in the majority of trustee's sales at this time. 96% of the 3rd party sales were specified bids...










































  Sold to Bene Sold to 3rd Party
     
Results Totals 1278 150
Results % 89% 11%
Opening bid < NOS # 1016 144
Opening bid < NOS % 79% 96%
Opening bid as % of NOS 58% 45%
Sale price as % of NOS   50%



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