There were four fewer business days in September versus August. If you remove that factor, Trustee Deeds in September were 3% below August figures. Also, as mentioned above, these numbers jump around a good bit. You’ll notice that Trustee Deeds declined from 457 to 408 between Jan and Feb of this year, and from 738 to 686 between June and July. It looks as though we’re on track to average over 1,000/month next year considering all the dynamics in the market (mainly more ARM re-sets through next year). Bottom line: one month does not a trend make.
