Because of the rash of media stories regarding the rampant number of foreclosures across the country, I am often approached by prospective buyers interested in purchasing bank owned properties along the South Coast.  The first thing that I tell everyone is that there are not many foreclosed properties in our area.  So far this year, through June 17th, there have only been 46 properties taken back by lenders from Carpinteria through Goleta.  This is in sharp contrast to North County where there have been 465 foreclosures during the same time period.

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