If you are looking for something like that, as Endre says, banks have their own designated real estate professional to identify the price, it may be little lower than market value, sometimes even higher, hard to believe, but won't be crazy low. Especially now, when the inventory super low, and 40 offers for 1 property is normal (82 offer the highest I heard) , there are people they offer all cash, even $100,000 more than asking price and still lose it, someone else get the property, these are normal sales. So, now, bank owned, they are not willing to sell all their inventory, some sells, some keep for later. Foreclosures are not popular nowadays, because no deal, prices are too high. Some short sale candidates are not in short sale situation any more. Some want to sell, but nothing to buy, so waiting.
So, if your low price is based on default amount of the public records, there is no such a thing, just as information. but I recommend to work with a good agent who knows distress properties, and talk about the details what you mean, and you will get more accurate information. I'm working in Beverly Hills, I have SFR certification (short sale foreclosure resource),I'm paid member to distress property websites, networks. If you want to talk more, my info
166 North Canon Drive
Beverly Hills, CA 90210
310 428 6573
Prudential California Realty
A Berkshire Hathaway Affiliate
Beverly Hills, CA
I can certainly help you. My last two clients who purchased in Beverly Hills were both very satisfied. My most recent client, Mr. Chen would highly recommend me as your agent. Let me know if I can help you find your next home.
Andrew G. Belcher
Broker Lic. 01707173
468 N. Camden Dr.
Beverly Hills, CA. 90210
I've been helping First Time Buyers for 23 years as a mortgage professional and I will tell you what I have always told my clients here in New York: If you are a First Time Buyer, steer clear of foreclosures and short sales.
Foreclosures are someone else's headache. The home probably has not been well-maintained and you're a First Time Buyer adjusting to paying a mortgage. Do you really want to walk in the door to someone else's deferred maintenance that YOU will have to pay for? Also, if you're thinking there are deals to be had in terms of lower prices, mostly those "deals" go to professional investors who can pay cash, negotiate hard with a Lender, and close fast.
There are plenty of motivated Sellers with their homes listed on your local MLS. Go find a good Local Mortgage Banker, get prequalified, then find a great, experienced Realtor, and buy the home you want at the price you're willing to pay.
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Keller Williams Beverly Hills
439 N. Canon Drive
Beverly Hills CA, 90210
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
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