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Homes facing foreclosure in 18 OC cities, forclosures how they work

Every week, homes throughout Orange County go to foreclosure auctions. The owners can be millions of dollars in debt, foreclosedhomesmediumor owe just a few thousand.

Often these homes revert to the lenders, who eventually put them back on the market. Sometimes the homes are bought by investors and resold.

Foreclosures affect more than the homeowners involved. They can impact entire neighborhoods. At the very least, they can affect nearby home sales.

All of these homes and addresses have been listed in the public notices, as required by law.

Auction dates are frequently postponed and can be checked through trustee sale and phone numbers. Some auctions could be cancelled. Also, some homes may be on the market.

For homes, click on city:

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How foreclosure auctions work

Trustee, trustor … what’s the difference? Click here for foreclosure terms and definitions

Posted via web from Newport Beach Blog

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