San Diego continues to have a large foreclosure inventory, giving potential San Diego homebuyers and investors great buying opportunities. There are currently 3,738 San Diego bank-owned properties. Buyers have been taking advantage of low prices and distressed properties. Investors are taking advantage of the excellent pricing and lower interest rates. With over 1,696 San Diego foreclosure properties actively for sale on the San Diego Multiple Listing Service (MLS), the remaining 2042 bank-owned properties are being processed to be available for sale or are currently in escrow.
4,637 San Diego foreclosure properties are scheduled for auction in the next 90 days which is higher than the previous month of total of 4,041. Currently, there are approximately 6,799 San Diego homes and properties in the pre-foreclosure phase, up from 5,507 at the end of December 2008. Owners of San Diego real estate properties that are in pre-foreclosure have received a Notice of Default to alert them that a foreclosure auction is pending. Overall, however, San Diego bank-owned properties are decreasing as investors are picking up many of the foreclosure properties.
HouseRebate.com is a full-service value real estate company that maintains a seasoned staff of agents. They provide all the services that traditional real estate offices offer at discount prices, with reduced commissions on sale, and rebates of 33 percent on commissions of purchases. HouseRebate.com features a virtual foreclosure tour bus?? that shows currently available San Diego foreclosure properties.?? Or Call 888-836-5675.
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