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Letter to the Editor: Foreclosures

foreclosure2 Urban Girls received the following inquiry regarding their home in Compton, CA, via twitter.

My house had a buyer before the sign went up.  We tried for 9 months to buy a house in Compton.  It was like a crooked auction.

2 Urban Girls did a little research and found that the City Clerk’s office, in every city, receives legal notices on behalf of the entire city, which includes notices of foreclosure.

If your house had a buyer, especially an investor, before the sign went up, can we assume they where tipped off by your local City Clerk and a select realtor?

It keeps foreclosure inventory low and home values either stabilized and/or increased.  The City of Compton also pays a pretty penny to those “watching” the vacant homes to keep vagrants out.

 

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2 Responses so far.

  1. Joyce Kelly says:

    Residents of Compton are preparing a nonviolent demonstration on Tuesday January 26 4pm in front of Compton City Hall to call for justice from the current corruption occurring in Compton.


About 2urbangirls

2 Urban Girls has been cited in City Watch LA, Compton Herald, Daily News, Inglewood Today, Intersections South LA, KCRW, KPCC, Los Angeles Times, LA Weekly, LA Watts Times, Mercury News and The Atlantic.

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