There are 34 homes on Notice of Default in Granada Hills on different stages of the Pre foreclosure process,
41 homes are on auction process and 1 townhouse as well, all of them in granada hills ca 91344.
11 homes are bank owned aka reos, foreclosures.
The real estate market in granada hills is very healty and prices are still rising, on the other side of the coin the foreclosure market is rising fast and nobody seems to notice it and it is happening right in front of their eyes.
I foresee a foreclosure tsunami on its way, and nobody seems to care or think about it, There are going to be a ton of foreclosures, lots of them by Hud, since a lot ot properties have been sold uning fha loans, since 2009 all the way up to May 2017.
When I mention the above issue, people look at me like if I am crazy. I said the same thing in 2003 when lots of home buyers where acquiring homes they couldn't afford to make the mortgage paymens, and you guys know what happened.
The least expensive 3 bedrooms 2 baths home in the San Fernando valley area is above $450,000, almost approaching half a million dollars.
incomes in Los Angeles county area haven't rise as fast as the home prices, less and less people qualify to buy a house in this market. Rents have been rising since 2010, a 2 bedrooms condo or appartment is lease for $1,700 and up depending on the area. A 3 bedrooms house leases for $2,400 and up.