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csr_sd.
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October 9, 2007 at 1:12 PM #10544October 9, 2007 at 1:31 PM #87578
gn
ParticipantThe number of foreclosures can fluctuate from month to month. You need to look at a longer time frame (at least 3 months) to get a meaningful picture.
October 9, 2007 at 1:31 PM #87583gn
ParticipantThe number of foreclosures can fluctuate from month to month. You need to look at a longer time frame (at least 3 months) to get a meaningful picture.
October 9, 2007 at 1:37 PM #87580davelj
ParticipantThere 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.
October 9, 2007 at 1:37 PM #87585davelj
ParticipantThere 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.
October 9, 2007 at 1:52 PM #87594csr_sd
Participantthanks. While the numbers have been jumping around, they have also mostly been increasing. As mentioned the 4 fewer working days does make sense.So thanks as I ddid not know there were 4 fewer working days.
It will be interesting to see whether the credit crunch drives the avereage well over 1K, or not. In the future with the more toxic loans resetting early next year, we should see a continued trend, as suggested by the now famous reset graph.
Patiently waiting.
October 9, 2007 at 1:52 PM #87599csr_sd
Participantthanks. While the numbers have been jumping around, they have also mostly been increasing. As mentioned the 4 fewer working days does make sense.So thanks as I ddid not know there were 4 fewer working days.
It will be interesting to see whether the credit crunch drives the avereage well over 1K, or not. In the future with the more toxic loans resetting early next year, we should see a continued trend, as suggested by the now famous reset graph.
Patiently waiting.
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