My work as a Home Retention Specialist and Realtor gives me an interesting vantage point on the hidden marketplace of foreclosure. Each neighborhood in Los Angeles has its own specific foreclosure statistics, based in large part on what is transpiring in the market in that area. As values decline, we see more and more that home owners are participating in distressed sales rather than hold on to their properties. Below you will find a neighborhood by neighborhood list of current foreclosure activity. This “shadow inventory” will affect the market, whether you are a buyer or seller. If you’re wondering what this means for you, call me for a quiet conversation.
Beverly Hills
There are 50 pre-foreclosures (active NOD’s) right now in Beverly Hills, along with 49 bank owned homes (already foreclosed, waiting to market) and 80 waiting for auction (date scheduled).
Brentwood
There are 44 pre-foreclosures (active NOD’s) right now in Brentwood, along with 25 bank owned homes (already foreclosed, waiting to market) and 68 waiting for auction (date scheduled).
Hancock Park
There are 47 pre-foreclosures (active NOD’s) right now in Hancock Park, along with 45 bank owned homes (already foreclosed, waiting to market) and 92 waiting for auction (date scheduled).
Santa Monica
There are 68 pre-foreclosures (active NOD’s) right now in Santa Monica, along with 68 bank owned homes (already foreclosed, waiting to market) and 100 waiting for auction (date scheduled).
Pacific Palisades
There are 26 pre-foreclosures (active NOD’s) right now in Pacific Palisades, along with 21 bank owned homes (already foreclosed, waiting to market) and 40 waiting for auction (date scheduled).
Westwood
There are 76 pre-foreclosures (active NOD’s) right now in Westwood, along with 66 bank owned homes (already foreclosed, waiting to market) and 100 waiting for auction (date scheduled).
Don’t see your neighborhood listed? Email me for your individual report.
When the real estate market shifts, it can create tough situations for homeowners. If you know someone that is struggling with home ownership because of a job loss or other life-changing event, please let them know I may be able to help. We are all in this housing crunch together, and as a real estate professional, it is my job to know what types of solutions are available for people that may be in a tough position.
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