Newport Beach CA has investors who want to buy foreclosure homes and properties – at both trustee auction sales after non-judicial foreclosures – and when properties are listed again as REOs on the MLS.
Number of Newport Beach properties in foreclosure has declined this past year, and qualified investor buyers are waiting for them to clear the process and be available for purchase.
Newport Beach CA has 48 properties now scheduled for such trustee sale auctions after non-judicial foreclosure.
Some of these auctions after non-judicial foreclosure are expected to be postponed while lenders make sure they have their paperwork in order to satisfy California law.
Although some of these properties are homes where people have tried to make payments, others are with no payments to lenders being made. Lenders are waiting to complete the foreclosure process – while some properties are being listed as SHORT SALES by owners who want to avoid foreclosure.
If you are a Newport Beach property owner and underwater on your loans and liens, you should consider trying short sale and avoid foreclosure.
Source of information is ForeclosureRadar.com – This is for information only and is not the providing of legal or tax services. For questions about your own foreclosure property or legal situation, contact an experienced real estate attorney.
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