In this post we we will be exploring a few characteristics of Santa Clara Foreclosure Trends in May 2013. As you can see in the chart below, Notice of Default filings decreased by 31% in May 2013 compared to the same period last year. Also, Notice of Sales dropped by 22%. This means that the in the coming months there should be additional inventory of Foreclosures coming to Santa Clara. This is in contrast with the Foreclosure Data in neighboring Sunnyvale Foreclosure Actitiy which reflects a very tight inventory with huge jump in both Opening & Winning Bids.
Foreclosure Filings: California > Santa Clara > Santa Clara
Now that we know that volume of Santa Clara Short Sales, Santa Clara REOs and Santa Clara 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 Bids for foreclosure auctions in Santa Clara increased by 18% over the same month in 2012! Interestingly the Winning Bid for Santa Clara Foreclosure Auction only increased by 13%. This means that Santa Clara market is another representation of the tight inventory of available homes for sale in all the neighboring cities to Santa Clara.
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