Another Foreclosure and more Notice of Defaults

Prairie Oaks will likely see another bank owned property for sale in the near future.  The home was auctioned off on July 1. It is a smaller single story home.

Right now we have 5 homes that have Notice of Defaults filed on them, and one home for sale that is in short sale situation.

As I have said before, the distressed properties can and probably will bring down our home values for the near future.