According to Foreclosure Radar; Foreclosure activity in San Francisco declined for Notice of Default filings by 85% while Note of Sales declined by 74% for the same period compared to April 2012. This means that the in the coming months there should be additional inventory of Foreclosures coming to San Francisco. But if our own experience in marketing Silicon Valley Short Sales is any indication of the market heat, the competition will be fierce.
Now that we know that volume of San Francisco Short Sales, San Francisco REOs and San Francisco 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 declined 43% which means there should be additional opportunities for investors for distressed property acquisition. Also interesting is the fact that Winning Bids have also declined by 44% compared to April 2012 which means investors are getting a bargain.
You can start your search for Foreclosure Listing page to locate Short Sale, REO and Auction properties in San Francisco.
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