Tag Archive | "Foreclosure"
The Pros and Cons of Purchsing a Foreclosure
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.
Continue reading...Become A Better Investor: Pipes
Wednesday, December 9, 2009
A pipe leak in your investment property can really screw up your expected returns. And if it’s a foreclosure, there are no disclosures and no previous owner telling you about the property. A pin-hole leak while your tenant is not at home could cost you more than you might expect. Here’s some quick tips on how to minimize the chances of you going bankrupt your first time around the board. (Monopoly reference…we love the game)
Continue reading...Foreclosure investment in Oceanside – 11.4% return
Tuesday, December 8, 2009
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, [...]
Continue reading...10.5% return on $89,900
Tuesday, December 8, 2009
This is worthy: An approved short-sale at $89,900. In Summerset Villas, a condo conversion that went belly up. A large portion of the homes are owned by a single entity and thus financing is a problem. So cash is the only thing working for this. With $250.00 a month HOA, $100 for insurance, $500 year (misc) at [...]
Continue reading...Pacific Beach Townhome Foreclosure
Friday, November 20, 2009
A new Bank Of America foreclosure in Pacific Beach that is not listed yet. 3 Bedroom, 3 Full Bath: 1870 PACIFIC BEACH DR #2, SAN DIEGO, CA 92109
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Sunday, December 27, 2009
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