Just a guess by me but the NOD to REO route is averaging about 6 months if the home is on the market as a short sale. I am seeing about a 6-8 week period of the trustee sale date to the home being put on the market. This is just what I have seen from a few homes I have been tracking for people. I have also seen some REOs kind of disappear off the map as well. For instance, someone had inquired about a condo in 92104 and we watched it go REO, then go for sale by REDC then kind of drop off the map…

Anyways just some random thoughts. Jim Klinge has been quoted recently regarding some REO listings he has had and I believe has some good insights. I have several clients with offers in on short sales and that has been pretty maddening.

As far as Mira Mesa goes. There is actually a pretty large component of REO and short sales presently for sale and in escrow in Mira Mesa.