Weekly Short Sale and Foreclosure Report January 11, 2011

Here's a look at the short sale and foreclosure inventory in Costa Mesa, Newport Beach, Huntington Beach, and Laguna Beach.Below is a look at the number of homes identified in the MLS as being 'short sale offer submitted,' 'short sale/subject to lender approval,' 'in the foreclosure process,' 'notice of default,' 'REO/lender owned,' and 'REO offer(s) submitted.' These homes are currently either active listings, accepting backup offers or pending sales.Costa Mesa 155 homes listed in the above categoriesHuntington Beach 376 homes listed in the above categoriesNewport Beach 131 homes listed in the above categoriesLaguna Beach 61 homes listed in the above categories