Saturday, October 31, 2009

Orange County Trustee sales for October 2009

Orange County trustee sales for October 2009 came in at 857. This was the best showing since June 2009. As always I am impressed with how many trustee sales in Orange County go to a third party. I have a hard time believing there are enough deals that pencil out to support near 40% third party sales to investors. I wonder if owner occupied buyers are just dealing with low inventory by paying retail (or close to it) on the courthouse steps.

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