Foreclosures, Foreclosures, Foreclosures!

One of my Specialty Areas is Located North of Rinaldi between Wilbur Ave and Tampa Ave... the above aerial view includes Porter Valley Country Club Golf Course surrounded by 807 single family homes. Currently their are 2 Homes going to Auction and 15 Homes in the preforeclosure stage. The good news is while this seems like a large amount for a small area it only represents 2% of the area homes that are in documented trouble while 98% of the area is current enough to stay out of foreclosure. The bad news is the impact is that since the banks cannot own real estate all of these homes will be coming on to the market in the very near future at probably superior pricing. So what that means is if you are the Non Troubled Seller you still have to compete with the banks growing inventory and give-away prices. If you are interested in tracking foreclosure properties contact me and I can assist you. If you are interested in Selling your property before the foreclosure supply takes off contact me so I can immediatly assist you.