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.
| See houses and condos about to be foreclosed in three cities: |
| Huntington Beach foreclosures |
| San Clemente foreclosures |
| Irvine Foreclosures |
| And to read about how these auctions work, CLICK HERE |
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.
More from this blog:
- O.C. mortgage delinquency jumps again
- 125% refinances allowed on troubled mortgages
- Distressed housing inventory down 46% since December
- Banks offered 61% off these foreclosures
- Delinquencies rise on least risky mortgages
- Banks reject toxic-asset plan
- Frenzied bidding on discounted foreclosures
- FDIC seizes Irvine bank
- Is paying off a mortgage the best option?
- These O.C. homes are about to be foreclosed
- Fed trims emergency lending
- Federally insured home loans keep growing
