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REPORT ABUSIVE REPLY
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Message Subject
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91% of Today's Home Foreclosures were either Canceled or Postponed for one Auction Company
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Poster Handle
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ceawaves |
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Post Content
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I posted this on another thread and feel that it might be interesting topic on its own for those who aren't following that particular thread.
I looked up all foreclosure sales scheduled for today from priorityposting.com - which is just one foreclosure auction company that I happen to know their name and website - I'm sure it is only one of hundreds of such companies...... But the data for today is REALLY unusual......
1035 sales were scheduled
22 were sold to third parties,
66 reverted back to lender,
2 were paid off
the rest of the foreclosure sales were either canceled or postponed. That is a whopping 91% of scheduled foreclosure sales that did not happen.
Does anyone else see similar situations with their local foreclosure auction companies?
Quoting: Anonymous Coward 990344it's all a game...they play. 66 back out of 1035 is a low number. i don't beleive that... should be about one half the bank buys back or goes back to them.. so who buying this houses? they're propping those numbers up big time, read the fine print.. it's probably an estimate
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