There seems to be no stop to the rising rate of California foreclosures. In fact, 16,273 homes were reported to be in foreclosure by the first quarter of 2007, which means that the rate was one per 751 homes. Due to such a high rate of foreclosures in California, the state was second on the foreclosure list. By the second quarter of 2007, the foreclosure rates went up in Coastal California with San Francisco recording one per 263 homes, which was 83% up from the previous year. Some of the other cities hit by the foreclosure wave include Long Beach, Anaheim, Fresno, Oakland, Modesto, Los Angeles, Chula Vista, San Jose, Sacramento, and San Diego. This basically means that you will have more variety of California foreclosure homes to choose from as an investor or as a homebuyer and on top of that, you will also get to buy it real cheap. 10% to 15% is the discount normally offered on most California bank foreclosures but if it is your lucky day then you can get as much as 20%. Now that’s what we call a real deal!
Finding California Foreclosures
The question is how you can find California foreclosures for you or your family. The answer is simple. Just sign up for a 7-day trial membership program at MostlyForeclosures.com and get access to more than 15,000 California bank foreclosures for sale all across the state. Once you sign up for our membership program, you can download or browse through exclusive California foreclosure listings, which have all relevant details and vital specs regarding all California foreclosure homes. Our list is updated on a regular basis hence you will get to see all the new as well as old properties. Look no further and sign up now to search through California home foreclosures.
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