Monterey County Foreclosures
With cities such as Carmel-by-the-Sea, Big Sur, and Monterey, the Monterey County foreclosures market is comprised of many high-priced beachfront properties that are sure to attract all demographics of homebuyers. Unlike many non-coastal or non-vacation home markets, there is only a minimal difference between the cost of a home listed individually and a bank-owned foreclosure property. This is because many Monterey County foreclosures are foreclosed upon because of their high value, not because they depreciated and therefore negated the mortgage. For those looking to own a home in one of California's most beautiful costal areas, away from a major metropolis and close to the coast of Big Sur, Monterey County foreclosure properties offer many prime opportunities. |
