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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: competition in foreclosure market Posted by Travis-CA on June 23, 2003 at 10:26 PM In Reply to: competition in foreclosure market posted by lisa on June 23, 2003 at 8:20 PM : Are there any serious, well organized companies in LA/So Cal that specialize in Trustee sale purchases. Is the field highly competitive or is there room for major players to come into the marketplace and do high volume. (30+ purchases monthly) From what I have experienced in the LA/OC area it is extremely competitive, very few properties are making it to the sale and when they do they are being bid up to close to 90% fmv, I would venture to guess that less than 10% of the foreclosures are even making it to the sale date. Especially OC, I attended sales for a week straight and only 3 properties were sold. Travis Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Are there any serious, well organized companies in LA/So Cal that specialize in Trustee sale purchases. Is the field highly competitive or is there room for major players to come into the marketplace and do high volume. (30+ purchases monthly) : From what I have experienced in the LA/OC area it is extremely competitive, very few properties are making it to the sale and when they do they are being bid up to close to 90% fmv, I would venture to guess that less than 10% of the foreclosures are even making it to the sale date. Especially OC, I attended sales for a week straight and only 3 properties were sold. : Travis 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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