We know people are looking for deals on foreclosure homes and some headlines say foreclosures are increasing, but what does this really mean? We run through the May numbers for Notice of Default, Notice of Trustee Sale and REOs in Southern California. How do leading indicators for the foreclosure wave like seriously delinquent loans look? What should you be watching for a foreclosure deal? One of the only places you’ll get this data, it’s time for the Southern California Foreclosure Report!

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Sections
00:00 Intro Christian Walsh of WIRE Associates
00:38 Southern California Foreclosures
04:53 What happens to REOs after they go back to the bank
06:45 Seriously delinquent loans
08:32 Leading indicator for Foreclosure Wave

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This is not meant to be a solicitation of a property currently under contract. This is not meant to be legal or tax advice, please consult with the appropriate professional. We are licensed to sell real estate in California (if you need help elsewhere, we can help find a good broker, let us know), CalRE # 01804983. Berkshire Hathaway HomeServices California Properties (# 01317331)

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