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[video] East Bay Trustee Sale Auction Results Shows the REO Tide is Rising

by Andy Kaufman on June 2, 2010

The dam might not be breaking, but it looks like someone is at least opening a relief valve.

The results from the Alameda and Contra Costa Trustee Sale auctions from the week of May24-28th are in and they show a dramatic increase in the number of properties being taken back by the lender.  We also saw a rise in the amount of properties scheduled for auction and a drop in the percentage of those getting postponed.

Will this week’s results continue the trend? We’ll have to wait & see.

Anybody have any predictions?

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  • A. Lewis

    This is great, Andy! I hope this is a continuing feature – great hard data on the market!

    Can you go back in time and look up the last few years data? You could make some really great charts to tell the story of what's happening if we could see these same weekly stats back through '06. Or even back the last 12 months. I do a lot of data analysis for a living – if you need someone to process a lot of data and make an Excel chart…I'd be happy to lend a hand.

  • http://www.facebook.com/andykaufman Andy Kaufman

    Thanks for the comment Aaron. The auction results videos are definitely a continuing feature.

    As far as the back data goes, let me see what I can dig up. I might have to take you up on your offer.

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