DataQuick reports 9,866 NODs fro San Diego in 2Q 2009 and 3518 Trustees Deeds Recorded (signal homes were lost to foreclosure) for San Diego 2Q 2009 for a total of 13384.
Forclosures are continuing at a rapid pace and many are not being sold but rather are being added to the backlog. So for this 3 month period we have 13384; we add in the large shadow inventory of REOs left over from previous quarters still sitting on bank books, plus we can add 3rd quarter 2009 foreclosures and NODs so far.
Then we need to subtract the portion of REOs that actually get sold and short sales that actually go through. Even assuming the inventory did not GROW (which I bet it did) can we assume from this DATA that RT and RealQuests current numbers of 13267 and 10297 respectively are not by any description, outrageous.
