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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Foreclosure percentages Posted by Brad in San Diego on February 08, 2004 at 10:38 PM In Reply to: Foreclosure percentages posted by Ward-CA- on February 06, 2004 at 7:43 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. Ward, I havent been around in a bit, doing more and more hussling it seems(which is good by the way!), but let me just say that you provide so much solid free information it is absolutely astounding. I'm not kidding, I just hope that everyone realizes this and uses it, because your basically giving away money. If you dont mind me asking, how much time do you devote to this forum on an average day? You mentioned some months ago that you felt most preforeclosure sales were occuring right around the NOTS, is this true for you today as well? I have another question for you concerning a local company's operation, but I will have to come in or call you about that one. Have a great day Ward! Brad Pennington Follow Ups: 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. : Ward, : I havent been around in a bit, doing more and more hussling it seems(which is good by the way!), but let me just say that you provide so much solid free information it is absolutely astounding. I'm not kidding, I just hope that everyone realizes this and uses it, because your basically giving away money. If you dont mind me asking, how much time do you devote to this forum on an average day? : You mentioned some months ago that you felt most preforeclosure sales were occuring right around the NOTS, is this true for you today as well? I have another question for you concerning a local company's operation, but I will have to come in or call you about that one. : Have a great day Ward! : Brad Pennington 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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