Here is the Mid-month update for Orange County for July 2009. Third party sales are still at what I would consider "speculative" levels. The pace of sales have slowed somewhat from the previous month probably from the foreclosure moratorium. Even though most servicers are exempt they appear to be holding off on foreclosing anyways.
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Before purchasing a property, primarily secure that you have enough source of income. Be certain that you have sufficient funds on a long-term basis to insure that you'll be capable of paying your monthly amortization.
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