Foreclosures Aren’t Just Happening to the Small Fries!
We have been receiving foreclosed listings on many properties, over 15 of them in the last 3 weeks, but are now surprised to be receiving high-end foreclosed listings. This means that many owners of $1.5 million plus homes are in default and giving them back to the bank. We just listed a beautiful 4,000 sq. ft. home in the exclusive Blackhawk subdivision and another $2 million home in the Berkeley hills. Many of the previous owners are acting just as desperate as others, asking for cash for keys deals and trying to squeeze every last dollar out of their former residences. These certainly are interesting times.
Categories: Market Updates
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