Prairie Oaks Distressed Properties Update
It looks like we could have several distressed homes here in Prairie Oaks this summer if things continue to move toward foreclosure. I count 10 homes that have had recent Notice of Defaults filed on them. We also have (so far) 1 going to auction (foreclosure), none foreclosed on, in February. Prairie Oaks is tracking similar to Folsom as a whole. Notice of Defaults were filed on 73 homes in Folsom in December, the most since I have been keeping track (just over a year). Folsom as a whole also had 28 going to auction and 16 that were foreclosed on.
As always, I will keep you up-to-date on what is going on in our neighborhood regarding the real estate market.