Calabasas foreclosures — good deals
February 20, 2009 on 7:21 pm | By admin | In NewsNot all Calabasas foreclosures are previously owned homes. Some Calabasas foreclosures are new. In some areas, the slow economy has left many builders of new mid-scale and upscale homes at the end of their construction-loan periods without finding buyers. These Calabasas foreclosure homes are not as easy to identify and rarely appear on national lists.In these cases, the banks that issued the construction loans take possession of the Calabasas foreclosure homes and attempt to sell them, using real-estate agents to handle the deals.These, too, are Calabasas foreclosures. They are “hidden” Calabasas foreclosures because no one associated with the sale of these properties will refer to them as foreclosed homes.