Contra Costa County Foreclosures
Not unlike many areas of California where home building hit an all-time high in the early 2000s, Contra Costa's foreclosure rates have been amongst the highest in the state. Rapidly growing cities with properties such as Antioch foreclosures, Walnut Creek foreclosures, Concord foreclosures, and Brentwood foreclosures are inundated with newly developed mid-level six-figure home. Due to developers' need to sell such a high number of homes, banks began to lower the entry rate of adjustable mortgages on these homes, many of which were purchased above the $400,000 level. With the combination of rapidly decreasing home values and rising adjustable APRs, Contra Costa county has a foreclosure market perfect for those looking to purchase in a newly developed area full of great public schooling and a great balance between the urban Bay Area and the more rural central valleys of California. |
