Thursday, July 8, 2010

Homes facing foreclosure in 16 cities

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Distressed homes market at May 2009 level

What’s your O.C. city’s share of distressed housing?

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foreclosedhomesmedium

Every week, homes throughout Orange County go to foreclosure auctions. The owners can be millions of dollars in debt, or 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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widget-lansner-text-messageRead more:

How foreclosure auctions work

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

Top tips for buying investment properties

Note: There are foreclosures in other Orange County cities but so far we haven’t had enough available writers to regularly compile foreclosure information from them. We hope to add more in the future.

For a map with a partial list of other real estate listings around Orange County, click here

http://mortgage.ocregister.com/

.http://mortgage.ocregister.com/

Posted via email from Newport Beach Blog

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