Trustee Sales for Ventura County:
Here are the Trustee Sales for May 2009. For Los Angeles County sales increased 25% MoM. For Ventura County sales increased 18% MoM. Third Party sales were especially active. I think this was because supply is so low on the MLS that investors are grabbing more marginal deals in the belief they can push prices. If trustee sales keep increasing this won't be a viable strategy over the longer term but investors are usually so quick that they can get ahead of the market. I've widely heard that the June/July period was a period in which new supply was going to hit the market, if true we should see it in the weekly inventory reports I do. I will also see if Mondays auctions (because it is a new month) bring in higher than normal sales to see if the lenders are starting to be more aggressive in foreclosing.
Note: I have added a foreclosure research link to the site, see here.