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View Full Version : Anyone Want To Buy Some Foreclosures??



Hallett19
08-17-2007, 11:09 AM
I am flooded with 'em!! If you guys are looking for a great place to buy under market value, get in touch with me.
Not much out there to flip, especially considering the market, but I have some good deals for first time buyers, the banks are getting desperate to get rid of some of this stuff.
Fed dropped a 1/2 pt today, buy buy buy!!

Big Inch
08-17-2007, 02:08 PM
I have several people interested in the simi valley area. Let me know.
edgar@mtgmaker.com
www.mtgmaker.com

cdog
08-17-2007, 02:30 PM
I've got some in Orange. Serrano Heights. They are becoming more common.

RJ Nordic
08-17-2007, 04:10 PM
I am fairly familiar with Orange, but don't recall the term Serrano Heights? Major cross streets?

TOBTEK
08-17-2007, 04:13 PM
NEED a few in the 92078, what do you have in San Elijo hills ?

Outnumbered
08-17-2007, 04:25 PM
Anything in AZ?

The Doctor
08-17-2007, 04:49 PM
My daughter and her family are looking in the Monrovia and surrounding areas. They liked that neighborhood when they were there and it's much closer to the college where he teaches. PM me with anything that fits that mold.

Nord
08-17-2007, 04:49 PM
Please pm me with Orange, Placentia, Anaheim, Anahiem Hills, and Corona if any available.............
Thanks

No Regrets
08-17-2007, 04:51 PM
I have quite a few in the Santa Clarita Valley, Valencia, area-
brian@brianpalmer.com
Re/Max Valencia

al cole'holic
08-17-2007, 05:08 PM
...foreclosures and REO's (bank owned) are great buys right now for those looking to get into a home. As H19 stated they aren't the best scenario to fix and flip right now, but for rental or primary residence they are great! Those investors with a large liquid position stand to do very well with these properties, the more cash the better as you can get into the auctions which requires all cash but allows you to pick a property up at it's bottom dollar before the bank has to take it back and hold it as an REO. We have had many successful investments made with all these scenario's in the Ventura County area. A good percentage of homes listed right now in our MLS are bank owned REO's, what's good is they aren't taking too much of a hit on these and in fact are doing alot of rehab work prior to making them available...:)

cdog
08-17-2007, 07:46 PM
I am fairly familiar with Orange, but don't recall the term Serrano Heights? Major cross streets?
I believe that's what the builders called it. Serrano goes past Noel Ranch and dead ends at Imperial/Cannon. It used to dead end at Noel Ranch. I know of 2 REO's in that area and 1 more on the way with in the next week or two. The neighborhood is at the link.
http://maps.google.com/maps?f=q&hl=en&geocode=&q=Horizon+Dr,+Orange,+Orange,+California+92867,+Un ited+States&sll=37.0625,-95.677068&sspn=50.111473,69.785156&ie=UTF8&cd=3&ll=33.828858,-117.773695&spn=0.051764,0.06815&z=14&om=1
I'll be doing an open house tomorrow from 1:00-4:30. Come on by.

Havasu1986
08-17-2007, 07:53 PM
I believe that's what the builders called it. Serrano goes past Noel Ranch and dead ends at Imperial/Cannon. It used to dead end at Noel Ranch. I know of 2 REO's in that area and 1 more on the way with in the next week or two. The neighborhood is at the link.
http://maps.google.com/maps?f=q&hl=en&geocode=&q=Horizon+Dr,+Orange,+Orange,+California+92867,+Un ited+States&sll=37.0625,-95.677068&sspn=50.111473,69.785156&ie=UTF8&cd=3&ll=33.828858,-117.773695&spn=0.051764,0.06815&z=14&om=1
I'll be doing an open house tomorrow from 1:00-4:30. Come on by.
Those are nice and expensive homes up there.

HighRoller
08-17-2007, 07:56 PM
Well, let's see some examples with locations, prices and incentives. I'm gonna be looking to relocate back into California in the next three years so when I do I'm gonna be looking for a steal of a deal. I think I'll be surfing the foreclosure market...You make your money in Real Estate on the buy...

TheLurker
08-17-2007, 08:16 PM
Foreclosure rates for top 100 metro areas.
Taken from the following article...
http://money.cnn.com/2007/08/14/real_estate/California_cities_lead_foreclosure/index.htm?postversion=2007081411
The one with the map attached is in the city of Orange which is #45 on the list
Rate Rank MSA Foreclosure Filings 1 filing for every #HH %Δ from First Half 2006
1 STOCKTON, CA 8,169 27 256
2 DETROIT/LIVONIA/DEARBORN, MI 28,705 29 99
3 LAS VEGAS/PARADISE, NV 22,928 31 142
4 RIVERSIDE/SAN BERNARDINO, CA 41,351 33 198
5 SACRAMENTO, CA 20,516 36 241
6 DENVER/AURORA, CO 23,842 42 11
7 MIAMI, FL 20,275 46 74
8 BAKERSFIELD, CA 5,365 47 222
9 MEMPHIS, TN 10,800 49 17
10 CLEVELAND/LORAIN/ELYRIA/MENTOR, OH 18,844 50 106
11 FORT LAUDERDALE, FL 15,720 50 72
12 ATLANTA/SANDY SPRINGS/MARIETTA, GA 36,502 54 17
13 FORT WORTH/ARLINGTON, TX 13,221 57 -10
14 FRESNO, CA 4,867 60 183
15 INDIANAPOLIS, IN 11,677 62 -6
16 DAYTON, OH 5,966 63 96
17 DALLAS, TX 23,284 65 -15
18 AKRON, OH 4,378 70 85
19 OAKLAND, CA 13,482 70 152
20 COLUMBUS, OH 10,706 70 85
21 JACKSONVILLE, FL 7,513 73 20
22 PHOENIX/MESA, AZ 21,378 74 139
23 SAN DIEGO, CA 14,859 75 164
24 TAMPA/ST PETERSBURGH/CLEARWATER, FL 15,905 79 68
25 WARREN/FARMINGTON HILLS/TROY, MI 13,093 80 92
26 TOLEDO, OH 3,530 84 47
27 VENTURA, CA 3,100 86 183
28 NEWHAVEN/MILFORD, CT 4,017 86 547
29 LOS ANGELES/LONG BEACH, CA 38,199 87 125
30 CHICAGO, IL 34,818 88 45
31 SARASOTA/BRADENTON/VENICE, FL 3,919 94 166
32 EDISON, NJ 9,462 98 58
33 ORLANDO, FL 8,325 98 49
34 CINCINNATI, OH 8,949 100 166
35 WORCESTER, MA 3,097 101 374
36 LAKE/KENOSHA, IL-WI 2,454 101 27
37 CAMDEN, NJ 2,761 101 56
38 CHARLOTTE/GASTONIA, NC 6,498 101 116
39 PALM BEACH, FL 6,063 102 32
40 GARY, IN 2,614 108 49
41 LITTLE ROCK/NORTH LITTLE ROCK, AR 2,617 108 -39
42 KANSAS CITY, MO-KS 7,703 111 117
43 SAN ANTONIO, TX 6,409 112 -1
44 HARTFORD, CT 4,326 112 446
45 ORANGE, CA 9,012 113 153
46 AUSTIN/ROUND ROCK, TX 5,155 115 -21
47 SPRINGFIELD, MA 2,424 116 234
48 BRIDGEPORT/STAMFORD/NORWALK, CT 2,847 122 552
49 TUCSON, AZ 3,323 122 55
50 NEWARK, NJ 6,745 124 20
51 TACOMA, WA 2,427 125 23
52 HOUSTON/BAYTOWN/SUGARLAND, TX 16,057 127 1
53 ESSEX, MA 2,179 135 409
54 OKLAHOMA CITY, OK 3,660 138 -22
55 TULSA, OK 2,712 143 -12
56 SAN JOSE/SUNNYVALE/SANTA CLARA, CA 4,197 148 105
57 SUFFOLK/NASSAU, NY 6,624 150 17
58 ST LOUIS, MO-IL 8,023 151 55
59 BOSTON/QUINCY, MA 4,862 153 342
60 RALEIGH/CARY, NC 2,505 158 105
61 NASHVILLE/DAVIDSON, TN 3,788 161 31
62 LOUISVILLE, KY 3,150 169 7
63 SALT LAKE CITY, UT 2,185 172 -39
64 EL PASO, TX 1,306 187 -2
65 CAMBRIDGE/NEWTON/FRAMINGHAM, MA 3,045 193 313
66 WASHINGTON/ARLINGTON/ALEXANDRIA, DC-VA-MD 8,483 195 430
67 PHILADALPHIA, PA 8,086 198 2
68 ALBUQUERQUE, NM 1,635 208 -38
69 ROCHESTER, NY 2,041 215 208
70 GREENSBORO/HIGHPOINT, NC 1,336 225 75
71 BIRMINGHAM/HOOVER, AL 1,986 227 157
72 OMAHA/COUNCIL BLUFFS, NE-IA 1,480 229 158
73 MILWAUKEE/WAUKESHA/WST ALLIS, WI 2,782 231 22
74 SCRANTON/WILKES/BARRE/HAZLETON, PA 1,076 239 110
75 MINNEAPOLIS/ST PAUL/BLOOMINGTON, MN 5,270 245 201
76 SEATTLE/BELLEVUE/EVERETT, WA 4,302 246 7
77 KNOXVILLE, TN 1,211 246 9
78 SAN FRANCISCO, CA 2,765 263 83
79 NEW ORLEANS, LA 2,178 267 610
80 PITTSBURGH, PA 3,917 281 -22
81 PROVIDENCE/NEW BEDFORD, RI 1,489 301 473
82 NEW YORK/WAYNE/WHITE PLAINS, NY 14,300 305 47
83 BUFFALO/CHEEKTOWAGA/TONAWANDA, NY 1,565 332 76
84 PORTLAND/VANCOUVER/BEAVERTON, OR 2,426 353 7
85 BETHESDA/FREDERICK/GAITHERSBURG, MD 1,196 368 581
86 BALTIMORE/TOWSON, MD 2,816 387 275
87 WICHITA, KS 633 399 0
88 POUGHKEEPSIE/NEWBURGH/MIDDLETOWN, NY 566 428 2
89 ALBANY/SCHENECTADY/TROY, NY 690 544 82
90 CHARLESTON, SC 483 547 -23
91 WILMINGTON, DE 469 588 108
92 SYRACUSE, NY 441 643 3
93 BATON ROUGE, LA 456 668 265
94 ALLENTOWN/BETHLEHEM/EASTON, PA 403 756 34
95 COLUMBIA, SC 392 757 -49
96 NORFOLK/VIRGINIA BEACH/NEWPORT NEWS, VA 747 787 191
97 HONOLULU, HI 286 1,151 68
98 MCALLEN/EDINBURG/PHARR, TX 155 1,494 -35
99 GREENVILLE, SC 151 1,721 -66
100 RICHMOND, VA 213 2,319 -1

RiverRatMike
08-17-2007, 08:37 PM
I am flooded with 'em!! If you guys are looking for a great place to buy under market value, get in touch with me.
Not much out there to flip, especially considering the market, but I have some good deals for first time buyers, the banks are getting desperate to get rid of some of this stuff.
Fed dropped a 1/2 pt today, buy buy buy!!
I'm in the process of getting a home re-finance right now. What kinda APR percentage rate are you offering?

Hallett19
08-21-2007, 07:01 AM
I dont do any financing, I'm just a realtor with a great network of outsourcers and asset managment companies and have been getting a moderate ammount of REO product.
My areas cover as far east as La Puente/Baldwin Park and as far west as Castaic/Canyon Country, but most of them are from Monrovia to the Valley.
I am getting 5-12 a week, the majority of them are Arcadia, Pasadena, Glendale, and North LA/Highland Park/Eagle Rock/El Sereno.
Doctor, check your PM's.

UltraStealth
08-21-2007, 07:21 AM
I have quite a few in the Santa Clarita Valley, Valencia, area-
brian@brianpalmer.com
Re/Max Valencia
Whatcha got?

UltraStealth
08-21-2007, 07:22 AM
I dont do any financing, I'm just a realtor with a great network of outsourcers and asset managment companies and have been getting a moderate ammount of REO product.
My areas cover as far east as La Puente/Baldwin Park and as far west as Castaic/Canyon Country, but most of them are from Monrovia to the Valley.
I am getting 5-12 a week, the majority of them are Arcadia, Pasadena, Glendale, and North LA/Highland Park/Eagle Rock/El Sereno.
Doctor, check your PM's.
What do you have in the SFV?
Northridge, Granada Hills, Chatsworth, West Hills, Woodland Hills, Encino.......