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.