Monterey County Foreclosure Information

REO properties are “hot buys” on the Peninsula.  The majority of Foreclosures or Bank owned properties are located in Seaside and Marina, Californai.  As of March 3, 2009 there are a total of 125 listings in Seaside. 56 of them or almost 45% of them are in escrow.  So in Seaside, CA.  it is a sellers market now, at least as far as the bank owned properties.

It’s very common for there to be multiple offers on a monterey foreclosure REO that are in better condition than average. So  be prepared to move fast and try more than once to buy a house in Seaside.

If you would like to search for properties in Monterey you can go to our other site.