BANK OWNED (FORECLOSURE/REO) HOME SALES DATA FOR El Dorado Hills, CA – JULY 2012
By Mike West, El Dorado Hills, CA CDPE, CNE, Licensed Loan Origi
(Heritage Oak Properties)
BANK OWNED (FORECLOSURE/REO) HOME SALES DATA FOR El Dorado Hills, CA – JULY 2012 This is the latest monthly report of our five-year study of bank owned (foreclosure/REO) home sales in El Dorado Hills, CA. This report covers July 2012. For the purposes of simplification, we will use the term foreclosure from this point forward. There were six foreclosure homes sold in El Dorado Hills in July, down from ten the previous month. One foreclosure home that sold in July will skew the statistics. That home sold for $1,140,000, $ 100,000 above the asking price. While it is common for foreclosure homes to sell above the asking price, occasionally buyers will pay much more. That has happened in El Dorado Hills two months in a row. The MLS data indicates that there were no seller concess...
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