Yorba Linda Foreclosures
Posted by Tony Leocadio Admin on Sunday, June 13th, 2010 at 3:56am.This chart shows the number of Notice Of Defaults (NODs) and Notice of Trustee Sales that have been recorded for the last 12 weeks in Yorba Linda Ca. Some of these homes may be currently listed as short sales, which you can find at Yorba Linda Short Sales.
Many of the trustee sales get postponed or cancelled. Reasons for this may vary, such as the homeowner pays the delinquent amount owed, the bank gives the homeowner time to complete a short sale, or the homeowner files for bankruptcy. Some of the homes revert back to the bank if no one bids over the opening bid. Not too many homes have been bought by investors (shown as Sold to 3rd Party)
Of the homes that do make it to the Trustee Sale (foreclosure auction), the bank's opening bid has been much lower than what they had published. The winning bid seems to be close to the opening bid. However, if no one bids on the home, ownership reverts to the bank at the opening bid price. The bank would then eventually put these homes up for sale as REO's (Real Estate Owned). You can find these homes at Yorba Linda Bank Repos.
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