Foreclosures in Saratoga, CA

Foreclosure home are not a significant part of the real estate market in Saratoga, CA 95070.  However, there are currently 2 REO (real estate owned) and 9 short sales properties available for sale on the multiple listing service.

The low end of the distressed market in Silicon Valley has been more impacted by general decline in market values of comparable homes.  Saratoga distressed properties are more diverse and range from $2.295 million down to $399K. Most of the Saratoga foreclosures are the result of adjustable rate mortgages notes coming due without potential for refinancing.

The shadow market of properties not yet on the MLS (as identified by Matrix) shows 17 total REO in Saratoga, plus 24 in preforeclosure status.  8 homes are scheduled for auction in Saratoga, CA in August 2010.  A summary list of these properties shows the the status, address, foreclosure recording date, scheduled sale/auction date and type of mortgage; additional detail information is available by calling me.

Rick Bonetti | Alain Pinel Realtors | 408-857-8800

tweet