Next San Diego REDC Auction

[NotCranky]

That question was in part motivated by this topic of Phantom inventory that comes up from time to time here. They are not being sold to private parties by the trustees.Even if the phantom inventory was being bought up by “bulk” buyers as REO’s we would see those properties coming from the bulk buyers to the MLS and I don’t see it. We also don’t see anecdotal evidence of bulk buyers putting their would be REO purchases back on the market as rentals.Maybe I am wrong about this? This seems to verify the opinion spoken by a few, that the lenders are holding them much longer than they have to.

As far as cash buying of trustee sale properties goes, I would think bargains are found by that method after all other options are netting the mortgage holder(s)less than some low cash offers would. That will probably be quite some time out. It would be interesting to study how to time it. Doesen’t seem like rocket science.

[SD Realtor]

Understood…

I used to be a big believer in the covert inventory of billions of dollars worth of homes being held back by lenders. The more I work on these sorts of transactions the less I believe it.

Once someone shows me some hard proof then I will be more convinced. It will take more then posts on a blog though. I am not saying it is not true, I just want to see more concrete evidence.

Agreed with your points on the cash purchases at the trustee sale. I can see it happening but not for awhile.

SD Realtor

[SD Realtor]

Understood…

I used to be a big believer in the covert inventory of billions of dollars worth of homes being held back by lenders. The more I work on these sorts of transactions the less I believe it.

Once someone shows me some hard proof then I will be more convinced. It will take more then posts on a blog though. I am not saying it is not true, I just want to see more concrete evidence.

Agreed with your points on the cash purchases at the trustee sale. I can see it happening but not for awhile.

SD Realtor

[SD Realtor]

Understood…

I used to be a big believer in the covert inventory of billions of dollars worth of homes being held back by lenders. The more I work on these sorts of transactions the less I believe it.

Once someone shows me some hard proof then I will be more convinced. It will take more then posts on a blog though. I am not saying it is not true, I just want to see more concrete evidence.

Agreed with your points on the cash purchases at the trustee sale. I can see it happening but not for awhile.

SD Realtor

[SD Realtor]

Understood…

I used to be a big believer in the covert inventory of billions of dollars worth of homes being held back by lenders. The more I work on these sorts of transactions the less I believe it.

Once someone shows me some hard proof then I will be more convinced. It will take more then posts on a blog though. I am not saying it is not true, I just want to see more concrete evidence.

Agreed with your points on the cash purchases at the trustee sale. I can see it happening but not for awhile.

SD Realtor

[SD Realtor]

Understood…

I used to be a big believer in the covert inventory of billions of dollars worth of homes being held back by lenders. The more I work on these sorts of transactions the less I believe it.

Once someone shows me some hard proof then I will be more convinced. It will take more then posts on a blog though. I am not saying it is not true, I just want to see more concrete evidence.

Agreed with your points on the cash purchases at the trustee sale. I can see it happening but not for awhile.

SD Realtor

[sdrealtor]

I get a print out from my title company rep every week with the new NOD’s, NOT’s and REO’s. There is still very very little activity in the more desireable areas while the less desireable areas have very consistent activity but surely they havent gone through the roof. The idea of huge amounts of phantom inventory being witheld by the banks is a bunch of mullarky IMNSHO.

[sdrealtor]

I get a print out from my title company rep every week with the new NOD’s, NOT’s and REO’s. There is still very very little activity in the more desireable areas while the less desireable areas have very consistent activity but surely they havent gone through the roof. The idea of huge amounts of phantom inventory being witheld by the banks is a bunch of mullarky IMNSHO.

[sdrealtor]

I get a print out from my title company rep every week with the new NOD’s, NOT’s and REO’s. There is still very very little activity in the more desireable areas while the less desireable areas have very consistent activity but surely they havent gone through the roof. The idea of huge amounts of phantom inventory being witheld by the banks is a bunch of mullarky IMNSHO.

[sdrealtor]

I get a print out from my title company rep every week with the new NOD’s, NOT’s and REO’s. There is still very very little activity in the more desireable areas while the less desireable areas have very consistent activity but surely they havent gone through the roof. The idea of huge amounts of phantom inventory being witheld by the banks is a bunch of mullarky IMNSHO.

[sdrealtor]

I get a print out from my title company rep every week with the new NOD’s, NOT’s and REO’s. There is still very very little activity in the more desireable areas while the less desireable areas have very consistent activity but surely they havent gone through the roof. The idea of huge amounts of phantom inventory being witheld by the banks is a bunch of mullarky IMNSHO.

[Author]

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