Thursday, July 16, 2009

Mid-July Foreclosure update for Ventura County

Here is a mid-July update of trustee sales for Ventura County. Sales have slowed a bit, possibly due to the foreclosure moratorium even though most servicers are exempt. I think the level of third party sales is reaching speculative levels. They are particularly concentrated in Simi Valley and Oxnard. The Simi Valley group has purchased 7 of the last 10 trustee sales and is clearly trying to corner the market and push price.

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