Every week, homes throughout Orange County go to foreclosure auctions. The owners can be millions of dollars in debt, or owe just a few thousand.
Often these homes revert to the lenders, who eventually put them back on the market. Sometimes the homes are bought by investors and resold.
Foreclosures affect more than the homeowners involved. The can impact entire neighborhoods. At the very least, they can affect nearby home sales.
Here are some homes that have reached the foreclosure auction stage this week:
For Huntington Beach homes, CLICK HERE
For San Clemente homes, CLICK HERE
For Irvine homes, CLICK HERE
To read about how these auctions work, CLICK HERE
The latest banking/lending stories …
Didn’t last Friday start the 90 day clock on a state law that no foreclosures could happen?
No not at all. The 90 day moratorium only applies to banks that haven’t instituted loan-modification programs. Those banks which have are free to proceed with foreclosures.
Sometimes it helps to read more than just headlines….
check out this mind numbing article on goldman sachs–
simply amazing
http://zerohedge.blogspot.com/2009/06/goldman-sachs-engineering-every-major.html