English: The “Redwood City” arch over Broadway at the eastern end of downtown Redwood City. (Photo credit: Wikipedia)
Redwood City is home to Oracle Corporation which is one of the largest High Tech employers in Northern California. Foreclosure activity in Redwood City for Notice of Default filings increased by 60% while Note of Sales increased by 55% compared to April 2012. This means that there should be more Redwood City REOs, Short Sales and Auction Homes coming in late 2013 and early 2014.
Now that we know that volume of Redwood City Short Sales, Redwood City REOs and Redwood City Auctions Homes will in the coming month, 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 Bids increased 95% which means very competitive market for investors opportunities for investors for distressed property acquisition. Also interesting is the fact that Winning Bids have also increased by 125% compared to April 2012 which means there are no bargains to be had in the among Redwood City Distressed homes.
You can start your search for Foreclosure Listing page to locate Short Sale, REO and Auction properties in Redwood City. Click below to get a FREE eBook to receive a report on the impact of Foreclosures on your Redwood City home’s value.
