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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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Foreclosures Account For Only 4% Of Homes For Sale In O.C.

November 9th, 2009 • Related • Filed Under

Based on the current sales pace it would take 21 days to sell all the bank-owned homes in Orange Countyforeclosure and competition is getting so rough that many homes are being sold for 3% over their asking price.

Less than 1 in 20 county’s 7,749 homes for sale were reposed homes taken by the banks through foreclosure. On the other hand, short sales – homes selling for less than their debts – made up 1 in 4 O.C. listings.

In all of Orange County there are currently only 314 foreclosed homes for sale – a decrease of 8 homes in the past 2 weeks. The number of short sales homes on the market has only decreased by one home over the past 2 weeks with 2,075 currently for sale.

Overall the number of distressed listings made up 30.8% of the total number of homes for sale in Orange County.

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