Remember when people feared how lenders overrun with foreclosed homes — and troubled borrowers desperately trying to unload their homes — would swamp the real estate game? Well, the number of distressed homes — foreclosures and short sales — on the Orange County market has tumbled 79% in a year, our analysis of listing data [...] 79% fewer O.C. distressed homes for sale is a post from: L
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Remember the projected flood of foreclosures and the like that were going to swamp the real estate market? Well, by one count, distressed properties for sale in Orange County dropped to a 5-year low. Steve Thomas of ReportsOnHousing... Read Post
The latest O.C. home market report from Steve Thomas at Altera Real Estate in Aliso Viejo says this about distressed properties, those listed in O.C. brokers’ MLS files as banked-owned foreclosures or short sales where lenders may t... Read Post
A big part of the real estate market right now is made up of foreclosures and short sales. Foreclosures are bank owned properties, homes that are owned by the lender because the home owner couldn’t make their mortgage payments. Shor... Read Post