Wednesday, September 16, 2009

Ventura County Trustee sales for Mid-September 2009

Here are the trustee sales for Ventura county for Mid-September 2009. Sales are roughly on pace to match the previous two months. Third party sales are increasing and will result in less motivated inventory on the market and lower sales and higher prices in the future. Looking at the upcoming calendar for the rest of the month scheduled sales appear a bit light so it would be of no surprise if trustee sales miss to the downside this month.
I have little doubt we will have a holiday foreclosure moratorium this year starting in late November and last through the beginning of January. If so it is highly unlikely we will see anything resembling a significant increase in foreclosures this year.

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