6 out of the top ten cities that are highest in forclosures are in california. I read this in realtytrac. The top cities for forclosures are stockton, modesto, and merced. These are all central california cities. It says 1 forclosure per 27 homes. Thats pretty unbelieveable.

tell me about it where i live in ca, there are a ton of forclosed properties. All i have to do is just walk around my neighborhood, and i can find a bunch of them

i was looking at forclosures in my area and i was suprised that the discounts werent as much as i thought they would be. They seemed to be about 50k less compare to other 700-800k homes in the area. I was expecting to see huge discounts. They would definately be a great option if you are looking for a place to live, but i was looking for a better deal for an investment property.

alot of people thnk that they are going to get an amazing deal from an reo, but the bank actually do try and make a profit in these cases. But, in the market that we have now, the houses arent selling and are piling up in the bank portfolio. Its seems like they will have to start letting these homes sell cheaper, or they will be broke. I bet in the next 6 months this will start happening