I just posted the maps of the North County NODs and Trustee sales. The REO map shows the same story. If you live in San Marcos, Vista, Oceanside, or Escondido, your home's value may be affected by the foreclosure events that you see on the news. Here's the bank-owned map we generated from information provided to us from a title company:
As you can see the REOs in the data are pretty thin along the coastal zone (except a few in Oceanside). These are almost completely inland. So, if you're shopping inland, MAKE SURE YOU'RE CAREFUL. You don't want to lose value your first year if you can avoid it, and there are obvioulsy areas in all of these places where you run the risk of losing substantial value if you're not careful.
Call us if we can help.
John Hokkanen, Encinitas Real Estate
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