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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Foreclosure percentages Posted by Ward-CA- on February 06, 2004 at 7:43 PM In Reply to: Percentage of properties actually sold at scheduled auctions posted by Edward on February 06, 2004 at 6:53 PM : To folks who go to auctions: : What do you see as far as the percentage of properties actually being sold to a third party? What is the percentage of REOs? : Looking at Retran.net I notice that if an LA County auction is scheduled for the next day, there is only about 15% chance it will be sold at that auction and about 5% chance it will go the bank. The rest our rescheduled, stopped through bankruptcies, cancelled or some other stuff. : Are these the numbers you are seeing these days? Do these numbers vary depending on the market situation? ============= Edward, The statistics available to me show, from year to year, that the percentage of foreclosures sold to 3rd parties runs a narrow range of 8% to 10% of all foreclosure sales. Therefore the percentage of foreclosure sales going to the lenders is 92% to 90%. The above statistics are fairly steady regardless of the foreclosure market. What varies quite a lot through the market extremes of a Seller’s market to a Buyer’s market is the percent of Notices of Default (NOD’s) that end up getting sold. Right now we are getting to one of our lowest ebbs of about 10.9% of the NOD’s actually going to trustee’s sale. In 2002 it was right around 15.2% and in 2001 it was about 14.5%. As a contrast, in 1996 or 1996 it was about 51.0% Hope this helps. Foreclosure Statistics Follow Ups: Re: Foreclosure percentages Brad in San Diego 10:38 PM, 02/08/04 (1) Let me check... Ward-CA- 5:23 AM, 02/09/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : To folks who go to auctions: : : What do you see as far as the percentage of properties actually being sold to a third party? What is the percentage of REOs? : : Looking at Retran.net I notice that if an LA County auction is scheduled for the next day, there is only about 15% chance it will be sold at that auction and about 5% chance it will go the bank. The rest our rescheduled, stopped through bankruptcies, cancelled or some other stuff. : : Are these the numbers you are seeing these days? Do these numbers vary depending on the market situation? : ============= : Edward, : The statistics available to me show, from year to year, that the percentage of foreclosures sold to 3rd parties runs a narrow range of 8% to 10% of all foreclosure sales. Therefore the percentage of foreclosure sales going to the lenders is 92% to 90%. : The above statistics are fairly steady regardless of the foreclosure market. What varies quite a lot through the market extremes of a Seller’s market to a Buyer’s market is the percent of Notices of Default (NOD’s) that end up getting sold. : Right now we are getting to one of our lowest ebbs of about 10.9% of the NOD’s actually going to trustee’s sale. In 2002 it was right around 15.2% and in 2001 it was about 14.5%. As a contrast, in 1996 or 1996 it was about 51.0% : Hope this helps. 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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