There is a moratorium on foreclosures in California until mid-September, so you won't be seeing too many foreclosed homes coming on the market until after September, sometime in October. My suggestion is to keep an eye on the MLS in the neighborhoods you are interested. Because there is so much competition among buyers right now, once something comes on the market you have to be prepared to move quickly. In other words, put in an offer as soon as possible. That means you need to have all your paperwork in order, Pre-Approval Letter from your lender, proof of funds, and purchase contract ready to be submitted. It might be helpful to have a real estate agent represent you and your best interests during the process. If you would like any help, please feel free to contact me. I cover the Temecula Valley area.

There is a moratorium on foreclosures in California until mid-September, so you won't be seeing too many foreclosed homes coming on the market until after September, sometime in October. My suggestion is to keep an eye on the MLS in the neighborhoods you are interested. Because there is so much competition among buyers right now, once something comes on the market you have to be prepared to move quickly. In other words, put in an offer as soon as possible. That means you need to have all your paperwork in order, Pre-Approval Letter from your lender, proof of funds, and purchase contract ready to be submitted. It might be helpful to have a real estate agent represent you and your best interests during the process. If you would like any help, please feel free to contact me. I cover the Temecula Valley area.