Monday, January 4, 2010

Ventura County Trustee sales for December 2009

Trustee sales for December 2009 in Ventura County came in at 240. Most servicers know better than to schedule sales during the last two weeks of December so sales trailed off at the end of the month. Most of those sales that would normally take place during that time were just postponed another week or two into the beginning of January so the January pace should be pretty good. One fly in the ointment may be the directive that no HAMP mod can be put into foreclosure but the servicers have plenty of inventory to choose from as to who to foreclose on so it is quite possible that might have no net effect. The trustee sale investors are having a field day with the low inventory enviroment and I bet they are looking forward to the first few weeks of January.

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