in Santa Cruz for Notice of Default filings declined by 46% while Note of Sales declined by 57% for the same period compared to April 2012. This means that in that late early 2014, there should be additional REOs, Short Sales and Auction Homes coming to Santa Cruz.
As the graph blow shows there were 30 Notice of Sale issued in April 2012 the opportunities for investors and buyers of REO, Short Sales and Auction homes in Santa Cruz are very slim.
Now that we know that volume of Santa Cruz Short Sales, Santa Cruz REOs and Santa Cruz 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 by 13% in April 2013.
Also, it’s interesting to note that Price of these Foreclosed Sales are below $400,000 which is a nice entry point for rental properties and could potentially generate positive cash flow.
Click below to get a FREE eBook to receive a report on the impact of Foreclosures on your Santa Cruz home’s value.