The SFR foreclosures around North SD County Coastal are still being trickled out, relatively.
We got teased with an increased flow in January when 49 got foreclosed, but in February that number was almost cut in half, down to 26 (with the same number of business days too).
Here are the foreclosed-SFR counts between Jan 1 and March 6th:
|Town or Area||2009||2010||2011|
It’s mentioned in this video that buying a cheaper house with FHA financing might be of interest, but it is a novel concept with attractively-priced REOs. If you offered to purchase one of these with FHA financing, you’d get sent to the back of the line, behind the cash buyers, and those with big down paymnets: