There were 127 SFRs on the A-list in North SD County Coastal last week; here are the results:
Scheduled NSDCC SFR Trustee sales, Nov 28th – Dec 2nd:
|Trustee-Sale Results||Number||Listed on MLS in last year|
Only 28% of the properties on the auction list were trying to sell – the rest are either bucking for a loan mod, or going down with the ship – which category they’re in probably doesn’t matter much, because most will shake out over the next few years.
With only 6% actually losing their house (8 of 127), this will drag on a while. There are 355 SFRs on the auction list; the rolling gob of free-rent goo that, for the homeowners, feels like purgatory. Hopefully the servicers can speed it up for everyone’s sake!