Orange County Register

Register Reporter Cameron Bird wrote a story Saturday about a bus tour of foreclosed properties along the coast of Orange County. The image below is taken from the video (click on it to watch): a kid is climbing down from the roof of a foreclosed property, known as real estate owned or REO. That’s what happens when a home is unattended, even this San Juan Capistrano place for which the bank is asking $1.5 million.

Related links:

• Who has best distressed property?
• REO smackdown
• Is your neighborhood in foreclosure danger?
• Riding with a sheriff’s deputy on eviction day
• O.C. homes entering foreclosure hit record in early ‘08
• Foreclosure rate in central O.C. 10 times that of coast

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