CRR Blog

2023 CA Foreclosure activity is up;comparing last years numbers for January

Just ran a comparison of new foreclosures listed on our website year over year for January:
CA Notices of Default (NOD) were up 98% from last January and Notices of Trustee Sale were up 32%.
In Sothern California, NOD's were up across all the major counties:
San Diego 68%
Los Angeles 93%
Orange 96%
Riverside 107%
San Bernardino 110%
There are plenty of opportunities out there to start making offers to property owners that ultimately need to sell. Given the new CA Civil Code AB-1837 updates that became effective this year it looks like more squashed bidding at the sale. Get it under contract before it goes to auction and everyone wins; you get a great price and the Seller knows exactly what price they will get for their property...and without losing their home to foreclosure.
Not familiar with AB-1837? Email me and I will send you a summary.

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