Fremont, California
Notice of Default filings increased by 28% in April 2013 compared to the same period last year. But Notice of Sales dropped by 30%. This means that the in the coming months there should be additional inventory of Foreclosures coming to Fremont. But as our own experience in marketing a San Jose Short Sale Listing that with great potential for rental income shows the competition will be fierce to acquire Short Sales, REOs or Auction homes in Fremont, California.
Now that we know that volume of Fremont Short Sales, Fremont REOs and Fremont Auctions will in the coming months, let’s find out how competitive the prices are at the Court House for you to acquire rental properties at a discount.The chart blow clearly indicate that the Opening & Winning Bids for foreclosure auctions in Fremont dropped by 60% over the the SAME month in 2012! This means that if this trend is to continue for the balance of 2013, the investor will be able to get some good deals in Fremont, California.
As you can see from the chart above, the Opening Bids for these Foreclosures have declined by 8.38% but the winning bids have increased by 28%. This implies that despite the bank’s lower expectation with the low Opening Bid, the competing buyers increased the winning bid by 28%!
You can start Searching Foreclosures with our FREE search utility and notify us if you need more detail on these foreclosures. We can also email you a FREE eBook on the value of the home you are interested in.
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