Where did all the foreclosures go?

Notices of default were low late last fall, which is why there is a temporary shortage of inventory right now.  January and February 2009 show us the NODs are higher than they have EVER been before. This means there are many more foreclosures on the way.  If you need to sell your house in 2009, TODAY is a good day to do it.  If you wait until the next wave of foreclosures hits the market, the law of supply and demand will not work in your favor.

In February, a short month, there were 5287 Notices of Default filed in Riverside County (second only to Los Angeles County).  That’s a lot of late payments.

Learn how to capitalize on the distressed housing market.  Order a copy of Manged Mortgage today.

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