If you look on the other thread you mentioned I had commented then as well. Just because a property has an auction date, that means exactly that… it has an auction date. Please reread that other thread about how many times we went to a trustee sale only to see that the auction was postponed… this would happen again, and again, and again. As I posted before, back when we went to trustee sales approximately 90 (nine zero) percent of the sales that all had a date for that particular day are postponed for various reasons.
Again, there is no compelling reason to buy or not buy, however if you feel there will be a jump in inventory due to foreclosures, I strongly disagree unless those foreclosures are priced poorly. If they are priced competitively then they will come and get consumed rapidly. That is if they even get to be reos.
