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Published on Feb 14, 2008
We (www.mysocal-realestate.com) have been tracking foreclosures in Orange County since the fall. The numbers have been increasing steadily, especially in Santa Ana and Anaheim. 10,600 (NOD, NTD, REO) is a lot bigger number than the mainstream media let on. The worst part is the erosion on wealth affecting all home owners.
We make use of specialized software to compare the foreclosure activity to the MLS data to find pockets of opportunity and risk. One of the main features we use extensively is sort by $/sqft with filters for size, type, and # of bedrooms to see which cities and areas are worse off than others.
We meet each Friday afternoon in Laguna Beach and are more than happy to share our property and market finding with others. Or just drop us a line through out website.