When wanting to invest in real estate, Hire a Foreclosure Agent, or just buy to live, how can you determine if we are at the bottom?
Never 100% - nothing is - except death and taxes! However, to get an idea you may want to direct your attention to the Notice of Default filings in the city you are interested in.
Notice of Default is a mechanism telling the courts that a Foreclosure is in process. The owner of the home has defaulted on their mortgage. And the bank is putting the owner and the court on notice.
We like foreclosure radar, a system we gladly pay for so our Clients can see a glimpse of the future of Foreclosure Activity in most of the Cities in Southern California. Of course, it works in all of the Cities that compose the Santa Clarita Valley.
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