Menudo, Price Trends? http://www.fhfa.gov/webfiles/1280/4q08hpi.pdf ..... http://www.housingpredictor.com/california.html ... Foreclosures rate....http://www.responsiblelending.org/

Some places to view .....http://publicrecords.onlinesearches.com/California-Foreclosu… ....... http://www.bid4assets.com/help/index.cfm?fuseAction=TaxSale

http://www.biggerpockets.com/bank-reo.html ... http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp
http://mortgage-x.com/general/rate_trend.asp ....http://www.fhfa.gov/

Good hunting, Dunes

There are foreclosure properties in MN in various states of condition and at most price points from $10,000 to $600,000 and above. There are also comparably priced great move- in ready buys that are not REO and much simpler to deal with. These actually have true disclosures and someone standing behind them.

Great Question. The current REO market is strong. In the last few months prices have dropped and people are buying the distressed sale properties. If the listing is in average or better condition, it is getting multiple offers. The majority of home buyers in todays market don't have 10% for the down payment. Most of these buyers are utilizing FHA financing which requires only 3.5% down payment. When an REO is listed, they are sold AS IS. Most lenders refuse to do repairs, while FHA Loans have strict guidelines about the condition of the homes. Another factor is the fact that most humans are lazy. What this means is the homes that are in Move In Condition, are getting multiple offers, and selling at list price. If the home has been painted and has new carpet, expect it to sell over list. The prices are still trending downward, but the best properties are selling above list. If you want to get a deal buy a home that needs some TLC. If you plan on making an offer on a fixer, you can pay cash, or utilize the FHA 203K loan.

Sincerely,

Adrian Huntington
Coldwell Banker Coon & McCreary
adrian@YourEco Realtor

Prices are holding fairly steady in Mountain House. We are seeing a lot of activity, multiple offers.

As always it depends on the condition of the home and the price range.

The last 2 REO listings I had in Mountain House were in contract with multiple over asking price offers with in 48 hours.

Homes in Mountain House range from $230K through $500K. REO's in good condition are in this price range, it all depends on what you are looking for.