San Diego Trustee Sales August 2009

[Effective Demand]

I posted the final trustee sales total for San Diego County:
http://effectivedemand.blogspot.com/2009/08/san-diego-trustee-sales-august-2009.html

For those in other areas.

Orange County:
http://effectivedemand.blogspot.com/2009/08/orange-county-trustee-sales-for-august.html

Los Angeles County:
http://effectivedemand.blogspot.com/2009/08/trustee-sales-for-los-angeles-county_31.html

Ventura County:
http://effectivedemand.blogspot.com/2009/08/ventura-county-trustee-sales-for-august.html

[SD Realtor]

You beat foreclosureforum to the punch. They usually do not post the monthly update until about the 8th day of the month.

One curiosity I have is that I would like to study the raw data. Do you obtain a list of all the properties or do you just take the totals that that they post?

[SD Realtor]

You beat foreclosureforum to the punch. They usually do not post the monthly update until about the 8th day of the month.

One curiosity I have is that I would like to study the raw data. Do you obtain a list of all the properties or do you just take the totals that that they post?

[SD Realtor]

You beat foreclosureforum to the punch. They usually do not post the monthly update until about the 8th day of the month.

One curiosity I have is that I would like to study the raw data. Do you obtain a list of all the properties or do you just take the totals that that they post?

[SD Realtor]

You beat foreclosureforum to the punch. They usually do not post the monthly update until about the 8th day of the month.

One curiosity I have is that I would like to study the raw data. Do you obtain a list of all the properties or do you just take the totals that that they post?

[SD Realtor]

You beat foreclosureforum to the punch. They usually do not post the monthly update until about the 8th day of the month.

One curiosity I have is that I would like to study the raw data. Do you obtain a list of all the properties or do you just take the totals that that they post?

[UCGal]

Do you think the increase in 3rd party sales this years (vs banks) is because the banks started lowering the opening bid to a price that makes the property potentially profitable?

I remember reading (here and elsewhere) that last year the banks were setting the opening bids higher than the value of the house – so there were no bids.

[UCGal]

Do you think the increase in 3rd party sales this years (vs banks) is because the banks started lowering the opening bid to a price that makes the property potentially profitable?

I remember reading (here and elsewhere) that last year the banks were setting the opening bids higher than the value of the house – so there were no bids.

[UCGal]

Do you think the increase in 3rd party sales this years (vs banks) is because the banks started lowering the opening bid to a price that makes the property potentially profitable?

I remember reading (here and elsewhere) that last year the banks were setting the opening bids higher than the value of the house – so there were no bids.

[UCGal]

Do you think the increase in 3rd party sales this years (vs banks) is because the banks started lowering the opening bid to a price that makes the property potentially profitable?

I remember reading (here and elsewhere) that last year the banks were setting the opening bids higher than the value of the house – so there were no bids.

[UCGal]

Do you think the increase in 3rd party sales this years (vs banks) is because the banks started lowering the opening bid to a price that makes the property potentially profitable?

I remember reading (here and elsewhere) that last year the banks were setting the opening bids higher than the value of the house – so there were no bids.

[SD Realtor]

My guess is simply that the auctions are much more attended now. Last week there had to be at least 60 people downtown. Also I am noting that there are alot more bidders willing to take alot less margin. That is, at least by my study, they are making bids on places where they may only clear 10% after a resale as opposed to 20% or more.

For instance today the property on Orange Blossom in Encinitas had an opening bid of 620k? WTF… not much margin on that…

So in a nutshell I am not convinced that the opening bids have changed that much. Just a guess though.

[SD Realtor]

My guess is simply that the auctions are much more attended now. Last week there had to be at least 60 people downtown. Also I am noting that there are alot more bidders willing to take alot less margin. That is, at least by my study, they are making bids on places where they may only clear 10% after a resale as opposed to 20% or more.

For instance today the property on Orange Blossom in Encinitas had an opening bid of 620k? WTF… not much margin on that…

So in a nutshell I am not convinced that the opening bids have changed that much. Just a guess though.

[SD Realtor]

My guess is simply that the auctions are much more attended now. Last week there had to be at least 60 people downtown. Also I am noting that there are alot more bidders willing to take alot less margin. That is, at least by my study, they are making bids on places where they may only clear 10% after a resale as opposed to 20% or more.

For instance today the property on Orange Blossom in Encinitas had an opening bid of 620k? WTF… not much margin on that…

So in a nutshell I am not convinced that the opening bids have changed that much. Just a guess though.

[SD Realtor]

My guess is simply that the auctions are much more attended now. Last week there had to be at least 60 people downtown. Also I am noting that there are alot more bidders willing to take alot less margin. That is, at least by my study, they are making bids on places where they may only clear 10% after a resale as opposed to 20% or more.

For instance today the property on Orange Blossom in Encinitas had an opening bid of 620k? WTF… not much margin on that…

So in a nutshell I am not convinced that the opening bids have changed that much. Just a guess though.

[Author]

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