Sean O’Toole does a nice job of discussing the current foreclosure environment here in California.
A few highlights from the video:
NOD’s were down 7.5% from September – BUT – they are pretty much within a range.
NOD’s up 103% year over year.
Bank owned inventories are up 5.6%.
Properties that are being bought by 3rd parties are up 16% since September – and is up 381% year over year.
With better information available to investors such as Foreclosure Radar, it is becoming less risky to buy on the courthouse steps.
