Monday, October 01, 2007

San Fernando Valley Bank Owned Statistics

I usually like to wait a month to provide comparable statistics but with all the homes falling into foreclosure here in the San Fernando Valley, Santa Clarita Valley, & Simi Valley, I wanted to provide statistics to let you know how quickly the foreclosure inventory is increasing. On Sept. 23, there was a total of 275 foreclosure properties in the areas listed above. On Oct. 1, 2007, there are a total of 304 bank owned properties available. This is an increase of around 10% in nine days.

These homes are listed in the Realtor MLS system and are labeled as "Bank Owned, REO, Foreclosure, Bank Owned."

You can view these bank owned homes by visiting this link:

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