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Residential Re-Sale, Commercial Properties, Foreclosures and Investments…As a long-time Fullerton resident Adam is intimately familiar with North Orange County neighborhoods. He has extensive expertise in residential real estate, commercial build outs, hard money lending and mortgage banking. As an authorized REO agent for GMAC, CountryWide Home Loans and World Savings he has extensive experience in all aspects of the foreclosure process. Investors rely on his knowledge and experience to help them identify and capitalize on distressed properties.

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Distressed Properties Continue To Dominate O.C. Market

February 11th, 2010 • Related • Filed Under
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The latest reports on Orange County homeowners shows that 14.4% were underwater in the 4th quarter of 2009. Homes with mortgages larger than the current value of the home were used in this calculation.

Distressed properties currently account for 33% of the market in Orange County.  Out of all home sales that took place in Orange County in December, 19.57% were foreclosure resales. 19% of homes sold in December in O.C. were sold at a loss.

The number of homeowners losing their homes to foreclosure nationwide peaked in December with more than one in every thousand homes being repossessed. This was the highest number of foreclosures since the data started being collected in 2000.

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