There are more than 10,000 Anaheim Foreclosures to invest in

In June 2008, Hudson & Marshall held a week of Anaheim Foreclosures auctions where the properties sold included single family and multi family homes and condos in Anaheim. The one week long auction featured in excess of 300 homes and the entire event took place at the Anaheim Marriott. The plan was to sell more that 800 home foreclosures during the week and they even managed to reach the magical figure as investors and homebuyers from all across the US poured in to bid for a dream home in a dream city.

A 4-bed/2-bath, 1,363 square feet home in North Columbine Place, Anaheim bought for $479,090 was sold at the Anaheim Foreclosures auctions for $201,500, which is almost half the price it was bought for. Similarly, another 2-bed/2.5-bath home built over an area of 1,850 square feet having an actual market value of $550,000 was sold for $345,000. With the prices of the big homes and spacious condos being so low, it has enabled many first time homebuyers to make a good investment.

So the scenario is somewhat like this: the activity of California foreclosures is reaching record levels while financing the home using an adjustable-rate mortgage is at an all time year low. The flipping rates as well as down payment size is stable but the number of foreclosures has considerably increased. At the same time the number of buyers for Anaheim Foreclosures has also increased. So there are more than 10,000 great homes available in Anaheim to invest in and all these homes are going to be sold through an auction and for a price tag that most homebuyers will be able to afford.