"Real Estate Owned" or Bank/Lender Owned homes that have gone through foreclosure, did not sell at auction, and are now being actively marketed by the bank.
There are currently 8 blog entries related to this category.
Sunday, September 12th, 2010 at 5:18pm. 3352 Views, 1 Comments.
Only 4 REO Homes for Sale in Coto Today - All Priced Between $1 and $2 Million
This week the focus is on the four REO listings on the market in Coto today. This is the first time we've had this many REO listings in the $1 to $2 Million price range. If you've been following my monthly Coto Market Updates, you know about the three markets in Coto these days - under $1 Million, $1 - $2 Million, and everything over $2 Million. All four of these Bank Owned homes are in the $1 - $2 Million range. Check it out - these are incredible opportunities. All with something different to offer!
Southern Hills Encore - Golf Course Views
This video does a pretty good job of giving you the 411 on this 4 bedroom 5 bath 4300 sq ft home on the 12 hole of the Coto's…
Monday, April 5th, 2010 at 5:09pm. 503 Views, 0 Comments.
Check out this short video of this new REO home for sale in Fullerton - not on the MLS yet!
Coming on the Market Soon
This fabulous 3 bedroom 3 bath home
with a loft on the Coyote Hills golf course in a gated Fullerton
neighborhood is super clean and ready for you to move right in! With
about 2400 square feet of living space on a large lot on a single loaded
street this is great deal! Custom built ins in the loft and the
master bedroom. Gigantic walk in closet in the master with custom
closet organizers. Massive kitchen with sparkling white cabinets and
Get on the Early Interest List for REO Homes
Call me at 949-678-3373 to get your name on the interest list - or to write up an offer the bank can't refuse!…
Saturday, September 26th, 2009 at 12:21pm. 355 Views, 0 Comments.
NEW REO HOMES HIT THE SOUTH ORANGE COUNTY REAL ESTATE MARKET
In the past week, 57 new Bank Owned, or REO, homes hit the market for sale in South Orange County, CA. They come in all shapes and sizes, from a 1 bedroom 1 bath offered for sale at $134K in Lake Forest to a 5 bedroom 6 bath custom home in the Summit of Turtle Ridge with two kitchens in Irvine offered at $3.4M. Quite a spread in size, price, location, and condition. Just what the REO market is all about!
But here's the scoop - 31 of these are ALREADY SOLD. There is such huge demand for homes that people can acutally buy in today's market, that these REO's are flying off the shelf - in multiple offer situations- many selling for more than the original asking price.
So if you are a buyer in…
Wednesday, September 16th, 2009 at 9:41pm. 297 Views, 0 Comments.
This is a once in a life time chance to get in on the ground floor in the exceptional Eastside Heights neighborhood of Costa Mesa. This REO home is clean clean clean and waiting for you! Click Here to see a short tour of the down stair area. Seriously, this will not last through the weekend.
Open House Saturday September 19 from 11 - 4
215 Knox B Costa Mesa
C U there!
What are you waiting for? The First Time Home Buyer Tax Credit offer of up to $8,000.00 will be GONE as of Nov 30. Get in the game, like, NOW!!
Thursday, April 23rd, 2009 at 8:17pm. 415 Views, 0 Comments.
The Orange County Register reported today that the median price of a home in OC climbed for the second consecutive month. The March median was $385,000, up from $375,000 in February and $370,000 in January. Another bullish sign is the continued climb in the number of homes sold. March was the ninth consecutive month of year-over-year sales increases, with 2,433 homes sold - a 46% jump from March of 2008.
There are still plenty of concerns in the market, with homes priced over $500,000 selling slowly, and short sales accounting for about 30% of the homes on the market. One interesting wrinkle is that bank owned homes have become a scarce commodity. Just a few months ago bank owned properties also made up about a third of the transactions, but today…
Monday, February 23rd, 2009 at 5:04pm. 446 Views, 0 Comments.
Seven Consecutive Months of Year-Over-Year Increases
January 2009 marked the seventh month in a row that more homes were sold compared to the same month in the previous year, as reported by the Orange County Register. The 1,806 homes sold in Orange County in January marked a 40% over the same period in 2008,
Homes Under $500,000 are Hot
A closer look shows that lower priced homes continue to drive the market, fueled largely by first-time buyers and investors. Sales of houses and condos under $400,000 jumped almost 257%, and those priced between $400,000 and $500,000 were up 10.5%. All higher priced homes actually sold at a slower pace than in 2008, as shown by the table below.
||Sales Jan'09|| % Change from Jan '08|
Thursday, February 19th, 2009 at 9:15pm. 2194 Views, 2 Comments.
Orange County REO Homes for Sale + FHA or VA Financing = Some Things to Watch Out For
So you are ready to make the move off the “I’m one of the hundreds, if not thousands, of Orange County home buyers who can finally get into the Orange County Real Estate market but are sitting on the proverbial fence, waiting for the bottom of the market to finally arrive” because you’ve decided that rates are finally low enough and you’ve found the home that works for you. Congratulations!! Best move you’ll make this decade. But here’s the 411 on your upcoming purchase - if you are using FHA or VA financing and are buying an REO (also known as Bank Owned of Lender Owned) home in Orange County today.
FHA and VA Loans Have Property Condition Requirements…
Saturday, December 6th, 2008 at 12:53pm. 5146 Views, 0 Comments.
We’ve been saying that the Bank Owned market is the fastest moving segment of today’s Orange County Real Estate market. Bank Owned homes can be found for sale in every city throughout Orange County and often represent some of the best bargains on the market. Recently though, there's been a decrease in the number of new REO homes for sale in the Orange County Multiple Listing Service (MLS) despite the reports in the media that foreclosure rates are increasing. Here’s what’s going on.
According to a recent newsletter published by the National REO Brokers’ Association – a nation-wide organization of REO listing agents – there are holdbacks on REO properties across every market in the country. These holdbacks are the result of the strangest and most…