The Lund Team Real Estate Blog

“All I want for Christmas is a Bank Owned deal in Pacific Beach…”

Upcoming REO/Bank Owned property in Pacific Beach. Large townhome walking distance to the heart of Pacific Beach. Great location, quiet street, parking, bedroom/bathroom on 1st level and so on.
We’re planning cash for keys in the next week or so which gives us a couple weeks after that before list price.
Built in 1987, 3 bedroom, 3 [...]

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Do all Bank Owned Properties Have Multiple Offers?

No, some even good values slip past the initial MLS/Consumer radar.
Example: 711 Greyfield Court, Fallbrook 92028 – MLS 090066549
Bank Owned. Listed over 2 weeks ago below all other comps in area. Premium location at end of cul-de-sac, very clean interior, 16,000+ sq. ft. lot. Built in 2001. Almost 2,700 sq. ft. Gated community of Peppertree [...]

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1664 Amante Court – New Aviara Foreclosure

A new Lund Team home located in Aviara area of Carlsbad, CA. The home is an upcoming foreclosure. Garrett and Tyson Lund head out to check out the condition of the home, and see it before the bank sets the price.

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REO Neighborhood Spotlight – “Bridgeport of 4-S Ranch”

Renowned area schools, award winning Poway Unified School District, walking distance to great shopping, food and local parks.
The community is very well maintained. Built just a few years ago. Attractive price point for a large 3 bedroom townhome with attached 2 car garage. Easy access to I-15 and 56 freeway for commuters.
16915 #50 HUTCHINS LANDING [...]

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Foreclosure investment in Oceanside – 11.4% return

Here’s another investment potential.  As we took the time to blog about this, the listing agent marked this “contingent” and let us know that an offer was accepted.  But just for fun, here are some numbers.
429 Los Arbolitos Blvd 
3 Bedroom, 2 Bath, 1,150 sq.ft
Foreclosure property in Oceanside.  $123,300 – Property taxes, 30% down, 5.5% rate, [...]

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