Top 10 US foreclosure hotspots: 9 in California.....none are in the Bay Area or Los Angeles...central California iDVD however make the list
The "flood" of foreclosed homes expected for years now has not materialized....there is some speculation that the new states deal with banks will bring some foreclosed homes to market now but we will have to see. In every neighborhood we see homes that have been vacated and that the neighbors know are now bank owned but it takes many months to see those houses go to market...the reason has been the complicated and costly legal process involved. The new deal with lenders and some individual states will streamline the process and make is more cost effective to just get those houses on the market and get them sold. As a Realtor, my opinion...get me on the market we will sel them fast!!!!
Great statistics in this article...read on
http://bit.ly/yIUl3R
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