Orange County Foreclosure - Fixer Upper Home for Sale in Mission Viejo
Posted by Leslie Eskildsen on Wednesday, February 10th, 2010 at 12:41pm.This foreclosed pool home for sale in Mission Viejo is the definition of a buyer would ask for in a fixer upper.
Get Out Your Hammer
As you can see in this short video, the pool of this bank owned home is covered and reported to need extensive repairs. There are missing sinks and toilets, missing floors, holes in the drywall and ceilings, and missing cabinets. Buying this fixer upper home is a good example of the opportunities for investors looking for Mission Viejo real estate. This REO home will not qualify for VA, FHA, or conventional financing because of the distressed condition. This home will be sold to a cash buyer looking for fixer upper homes for sale who has access to low cost repairs. Once the home has been restored, it will most likely become a great Mission Viejo rental home or it will be listed in the Orange County MLS for sale at a much higher price. Both options are currently popular with Orange County real estate investors.
Low Taxes - Low HOA Dues - Lots of Amenities
Of all the homes for sale in Orange County today, Mission Viejo homes are a prime target for savvy investors due to a comination of high desirability of the neighborhoods and school districts, low property taxes with no Mello Roos, and low or no Home Owners Association dues. Lake Mission Viejo is also a popular feature of the community, featuring a large man-made lake with activities like boating, fishing, swimming, and summer concerts.
For more information on this great Mission Viejo real estate investment opportunity, give me a call at 949-678-3373 or send an email to Leslie Eskildsen.
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