Lack of Foreclosures in the newer Communities Like Sundance or Fairway in Beaumont, CA?
By Todd & Devona Garrigus, Broker / REALTORS®
(Garrigus Real Estate)
Lack of Foreclosures in the Sundance Community in Beaumont, CA?Are you a home buyer combing the streets of Beaumont, California looking for foreclosures? Your not finding very many are you? That's because the big boy banks, the ones with the most foreclosed homes have wised up and implemented a self-imposed moratorium a few months ago, after the government imposed moratorium.Why you ask? To stop the decrease in home prices- to put a floor on the housing slump- to stop the bleeding and cotorise the wound. Face it, the reason why home prices were falling was because people either wouldn't, or couldn't spend what sellers were selling their homes for. Supply created by a lack of demand, and even more supply created by the endless supply of foreclosures.In our adventures of home selling in B...
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