In Santa Cruz and Monterey County, there are some terrific opportunities to own bank owned homes at great discounts. There are opportunities that you will look back on and wish you had acted on. Hopefully you will be prudent and make a great investment in some of these long term opportunities now while they are here.
As of 2017 we find very few of these opportunities still exist.They like short sales have been scooped up by other less fearful buyers. The existing ones and we're talking about just a few, in each market price range have competition. One is in this market I think better off looking at value and not who the seller is. On a foreclosure you have no idea of the history of the property, with respect to it's condition.
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