Where are the Foreclosures in Monterey?

Like most areas, Monterey Peninsula as well as Monterey County has foreclosures. Most of these are concentrated in Salinas, Seaside and Marina. In Seaside, Ca. for instance some REO (bank owned homes) are selling for 50 or 60 cents on the dollar. Homes that sold for $600,000 in 2005 are now going for $300,000.

home in chains