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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] No hay nada aqui Senorita.. Posted by Ward-CA- on June 23, 2003 at 11:52 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) Lisa, I guess you haven't spent much time at any Trustee's sale locations in So. Cal. in the last two years or so. If you did you'd be shaking your head in disbelief at the paucity of good deals and the incredible amounts bid (85% ? 90% of fair market value) for them. It doesn't matter how well organized your company is if there's very few prospects and those few are bid into oblivion. Just take a look at the foreclosure statistics for San Diego County with a population of 2.86 million people (click on link below). We're only averaging 37 foreclosure auctions a month in this huge county! And those 37 properties aren't all houses either. Some are timeshares, raw land, abandoned buildings, etc. I'd guess that about 12 were houses. Take a close look and you'll come to the same conclusion we all have and that's that our foreclosure markets have long been over fished. The pro's are into pre-sale deals and junior bene buyouts while the muggles are beating each other up at the foreclosure auctions nowadays. San Diego Foreclosure Statistics Follow Ups: Re: No hay nada aqui Senorita.. what about LA county? 8:13 AM, 06/24/03 (0) 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) : Lisa, : I guess you haven't spent much time at any Trustee's sale locations in So. Cal. in the last two years or so. If you did you'd be shaking your head in disbelief at the paucity of good deals and the incredible amounts bid (85% ? 90% of fair market value) for them. : It doesn't matter how well organized your company is if there's very few prospects and those few are bid into oblivion. : Just take a look at the foreclosure statistics for San Diego County with a population of 2.86 million people (click on link below). We're only averaging 37 foreclosure auctions a month in this huge county! And those 37 properties aren't all houses either. Some are timeshares, raw land, abandoned buildings, etc. I'd guess that about 12 were houses. : Take a close look and you'll come to the same conclusion we all have and that's that our foreclosure markets have long been over fished. : The pro's are into pre-sale deals and junior bene buyouts while the muggles are beating each other up at the foreclosure auctions nowadays. 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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