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
There are also REOs in Corona Del Mar Village. A tear down? It looks like it and it’s listed for $1.3 million I believe, but it’s still an REO in a very hot zip code.
Do they haul you around in a short yellow bus for knifecatchers?
What conpany’s are actually doing this?
Do you have any information you can send me?