Sorry about the long response time, I didn t have time to actually sift through data until today. Following data was pulled from Feb., which is the last complete month. There could be distinct differences between San Diego county and Los Angeles county, LA volume is very different than San Diego. There were approximately 1008 newly recorded Trustee Sales in Los Angeles that did not go REO in February. The remaining 320 are split amongst many trustees, some are obvious legal firms and many are independent trustees.
Vast majority are institutional loans.
Given the higher degree of private beneficiary use of professional trustees, I will concede it might be appropriate for the original poster with the qualifier that the trustee should be focused on the processing of foreclosures. Sorry about the long response time, I didn t have time to actually sift through data until today. Following data was pulled from Feb., which is the last complete month. There could be distinct differences between San Diego county and Los Angeles county, LA volume is very different than San Diego. The remaining 320 are split amongst many trustees, some are obvious legal firms and many are independent trustees.