Tag Archive | "Foreclosure"
Little to buy as market stages a comeback
“Real estate has always been about supply and demand. When there is no supply, there is no resistance to rates. When there is supply, there is resistance to rates.” Samuel Zell, billionaire real estate investor, Interview with Greg Miles – Bloomberg Television August 21st, 2008. And Zell followed in the interview to predict a turnaround [...]
Continue reading...The Best of Portico at Rancho Carrillo – Bank Owned.
Tuesday, January 12, 2010
Just completed CFK’s!! Not yet on the MLS but coming online soon. Model-like interior with stunning views to the ocean. Large patio yard with open space on the north side. 3 bedroom, 2.5 bathroom and approx. 1,538 sq. ft. – Price likely in the low $400s. We are excited to see! Call today to join interest list [...]
Continue reading...The Luxuary Foreclosure Market
Thursday, January 7, 2010
Most often bank-owned properties being sold are thought to be all rundown homes in the less desirable areas of the county listed at prices usually no more than a few hundred thousand dollars and often even under $100k. Buyers look for and want to buy bank-owned properties because they think they will get amazing deals [...]
Continue reading...Best Bank Owned Deal in Mira Mesa “The Villas of New Salem”…
Tuesday, December 29, 2009
Just got the list price last night. Already one cash offer in hand. Another reason to keep an eye on the blog constantly as these deals move quickly. 2 bed/2 bath in a very nice community with low $180 per month HOA fees. Single level. Bank in process of adding new stove, carpet cleaning and full [...]
Continue reading...FHA Buyer’s 6 Month Seach Ends with Smiles
Monday, December 28, 2009
Being a first time home buyer in today’s market has it’s pros. You can take advantage of both FHA financing (only requires you to put 3.5% down) and the $8,000 first time home buyer tax credit. However, if you have been looking then you know finding and securing a property can be extremely frustrating. Not only [...]
Continue reading...The Pros and Cons of Purchsing a Foreclosure
Sunday, December 27, 2009
I was amazed to discover that the “down market” started almost four years ago. We closed our first REO in June 2006. It was a small cottage on a large lot in Vista. We worked with Countrywide (remember them?) and sold it in record time. Not because it was a good deal per say, but [...]
Continue reading...Pacific Beach Foreclosure – 1870 PACIFIC BEACH DR #2
Wednesday, December 23, 2009
Garrett just checks out a new Lund Team foreclosure property: A four-unit property in Pacific Beach.
Continue reading...“All I want for Christmas is a Bank Owned deal in Pacific Beach…”
Wednesday, December 16, 2009
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 [...]
Continue reading...Do all Bank Owned Properties Have Multiple Offers?
Monday, December 14, 2009
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 [...]
Continue reading...1664 Amante Court – New Aviara Foreclosure
Saturday, December 12, 2009
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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Friday, January 15, 2010
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