San Mateo County Foreclosures? Not Many. Not Yet.
I thought it would be interesting to look at what’s going on in the foreclosure arena for our corner of the world. It’s looking like the clock is ticking for a lot of families and they will soon have to come to a hard reality about their housing needs. We aren’t seeing a ton of bank owned properties in the MLS yet, but the data here is telling us there are a lot of houses schedule for auction, where they become bank owned, and a lot receiving notices of default where the mortgage hasn’t been paid for several months.


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