Agent: Foreclosures mean opportunities [Santa Cruz]

Agent: Foreclosures mean opportunities [Santa Cruz]

After a bank repossesses a home, Sebastian Frey often gets a call.

Frey, 37, works at Thunderbird Real Estate in Capitola. Last month, he invited a reporter to join him as he checked on two newly foreclosed properties in the Las Lomas area, just over the Monterey County line.

Number 60 Overpass Road, Watsonville, was vacant so there was no need to offer cash for keys.

A notice on the door indicated water service had been cut off.