Orange County, CA Home Foreclosure Inventory
Even though we are locally seeing the lowest levels of foreclosures since its peak in 2010. Bank owned properties will always be part of our real estate inventory where the potential to purchase a home as a TLC or as a fixer will offer us a nice opportunity to create our own dream home.
At the end of 2018, there was an increase in the "Notice of Defaults" being recorded with the county across the country. The "Noice of Default" is the first step a lender will take in starting the foreclosure process when a homeowner missing making their mortgage payment. The following are the top 20 counties with the most foreclosures starts, as of January 2019:
1) Cook, Illinois 800
2) Harris, Texas 569
3) Maricopa, Ariz. 479
4) Los Angeles, Calif. 434
5) Suffolk, N.Y. 346
6) Broward, Fla. 345
7) Miami-Dade, Fla. 332
8) Baltimore City, Md. 293
9) Prince George’s County, Md. 287
10) Philadelphia, Pa. 280
11) Riverside, Calif. 273
12) Clark, Nev. 262
13) Cuyahoga, Ohio 259
14) San Bernardino, Calif. 257
15) Palm Beach, Fla. 230
16) Duval, Fla. 209
17) San Diego, Calif. 207
18) Dallas, Texas 197
19) Tarrant, Texas 189
20) Wayne, Mich. 179
If you are interested in reviewing the available REO (Real Estate Owned) inventory for sale. My blog will provide you with a weekly update whereby you can review a list of all the available homes, condos, and townhomes for sale.
The One Line Report allows you to perform a quick glance of the inventory but if you wish to see a picture of the property, then the Brief Report will be the one you wish to review.
If you are interested in touring any of the properties or wish to obtain additional information. You can contact me at (714) 612-0995 or Click Here to send me a note.
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California DRE#: 01048604
The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information from the California Regional Multiple Listing Service, Inc. as of March 3, 2019, and /or other sources. All data including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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