Distressed Inventory Report 1-2-10

As we discussed last week things are pretty much in a holding pattern. Trustee Sales will not start occurring again until this Friday, January 8^th, so you will probably see the number of foreclosed homes drift down for the next two or three weeks. Remember it takes two to three weeks for the Trustee’s Deed to record and get in this report. That is why in some areas you are seeing the amount of overall distressed inventory going down but the  NTS/ Foreclosure ratio is edging up. That is because there is not much new foreclosed inventory coming on.  I expect you will start seeing the amount of foreclosed inventory edging up by the end of the month as the Trustee Deeds are recorded for the sales which resume this Friday. The big issue is if sales will pick up enough to offset the anticipated new foreclosed inventory.

 

Here is the link for the spreadsheet: Bellevue Foreclosure Report 1-2-10

Tags: Distressed Inventory, Foreclosed, notice of trustee sale, NTS/Foreclosed, report, Weekly

This entry was posted on Sunday, January 3rd, 2010 at 3:48 pm and is filed under Blog. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.