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Bank of America hasn’t started up their foreclosure machine yet – here are the number of San Diego County properties they have foreclosed on recently:

September: 259

October: 56

November: 1

You can see below that the REO results were building some momemtum between June and September, only to have the robosigningforeclosuregate be the latest excuse to slow down the pace:

San Diego County Trustee-Sale Results, Monthly

The stats look similar across the state – flippers were cooling off because the prices were getting too high, and banks/servicers were taking back an increasing load of properties between June and September. Here are the California results:

CA Trustee-Sale Results

Will they devise a new crisis every time they start taking back too many REOs?

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