California Foreclosures for Sale

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Find California Foreclosures

California was one of the hardest hit states for foreclosures since the housing slump began. Because of this, now is the right time to buy California foreclosures for sale. The average savings rate of buying a foreclosed home is approximately 41% below retail prices, according to Realty Trac. Some of the best and cheapest foreclosures can be found in Riverside, Vallejo, Sacramento and Bakersfield. Living can't be better than in "The Golden State."

In Riverside, California, there are approximately 15,000 foreclosure listings as of January 2011. The cost of living is 12.3% above the national average. Riverside, California is the 11th largest community in California. Since it is a larger city the citizens are extremely ethnically-diverse. Housing in the western and southern parts of the metropolitan area is best. Those who live there believe that the area around Corona is the nicest. The beaches are only about an hour away. From Victoria Avenue to Canyon Crest to Wood Streets, there are beautiful, well-established neighborhoods that are convenient to schools, businesses and shopping. The University of California has a campus in Riverside, California.

Vallejo, California, which is not too far away from San Francisco, is a progressive city with many Spanish, French, English and Mediterranean style homes. There is a diverse mix of wealth status, educational levels and cultures within Vallejo. There is a nice Marina front, with a ferry service to San Francisco. It is considered to be the last Bay area city on the North Bay. Nearby is Napa Valley and, to the east is Sacramento. One of the best attractions in Vallejo is the Six Flags Discovery Kingdom amusement park. There are approximately 7,000 foreclosures for sale in Vallejo.

Sacramento, California, has approximately 27,200 foreclosures for sale. The cost of living there is 6.10% higher than the rest of the nation but because of the lower cost of homes, there are lower property taxes than in most of the state. The Roseville, Folsom and Rocklin areas are recommended as being the best. Folsom is the best of these three because of the excellent schools.

The Bakersfield, California area is known for its terrific public and private schools, great restaurants and friendly people. There are an immense number of community functions and fund raisers. There is housing close to California State University or Bakersfield College and gated communities situated on golf courses. According to residents, traffic is minimal and the schools are excellent. There is the 30 mile Kern River bike trail and there are many neighborhood parks. Bakersfield's cost of living is 4.10% lower than the national average and unemployment is relatively low. There are also about 21,773 foreclosures in the area.

California is just about always sunny and warm. The cost of living index varies throughout the state. The areas of Bakersfield, Sacramento, Vallejo and Riverside are great places to live if the right neighborhoods are chosen. Buying a foreclosed upon property in these areas, and other areas in California, can save a buyer almost 41% off the retail value.