All REOs in the east bay area listed on my website, http://www.sidewalkhomes.com. just click on the 'bank-owned' box on the home page and highlight 'Danville' and click 'search' and you'll get the current REOs in Danville. As others have stated, RealtyTrac info is misleading.

I offer cash back - up to 50% of my commission - to buyers. Please check my website for details, and see if I'd be a good fit for you. Good luck!

Will Bateson, Broker
925-455-0845 http://www.sidewalkhomes.com

Ajayc,
Again, Realty Trac is not a reliable source for information. You can get foreclosure listings from any Broker for free, so no matter what you do don't pay for it. Danville is a tough market for REOs right now, but we are expecting to see more in the coming months. So if you can be patient, you may have some better opportunities. We are an experienced short sale and REO (foreclosure) brokerage, and would love the opportunity to assist you and answer any questions you have about either of the processes.
Best,

Erica

Erica Jones Starkey
Broker, Co-Founder
DRE# 01503540
JSCA Real Estate Group
Providing Superior Solutions for Your Individual Real Estate Needs http://www.JSCArealty.com
office: 925.989.1613
fax: 925.905.2417

I know it sounds self-serving, but find a real estate agent that will provide you with accurate infomation. Don't rely on ReatyTrac or any other website because the information is not complete.

A real estate agent can provide you with 'up to the minute' information every time a foreclosed property comes on the market.

But beware! You must be preapproved by a lender and prepared to submit an offer quickly. In most cases, these homes receive multiple offers and only the best offers are submitted for consideration.

You can find foreclosed properties on my website, but truthfully, if you are serious about buying a bank-owned property, work closely with an agent who will be watching for these properties and notify you immediately.

Good luck!

Hello Ajayc,

It pays to be informed, and good data is hard to find. This link will take you to all the foreclosures currently listed in the MLS and avilable for sale:
http://www.mlsfinder.com/ca_ccar/vickienagy/?primarySearchTy…

There is a wealth of information at http://www.VickieSellsHomes.com in the monthly market updates broken down by neighborhood and city.

I am a Realtor, and regularly provide buyer representation to buyers of foreclosure and short sale properties. I can provide testimonials and references of happy buyers who understand I know the strategy and have the skill to put a deal together. Itf/when you're interviewing Realtors, please consider contacting me.

Respectfully,
Vickie Nagy
Realtor® - ABR, CRS, e-PRO, GRI, SRES
Specializing in "GETTING YOU WHERE YOU NEED TO BE"
(925) 407-7987 cell
http://www.VickieSellsHomes.com
http://www.BestTriValleyHomes.com
Vickie Nagy | Keller Williams | 760 Camino Ramon Suite 200, Danville, CA 94526
CA DRE License #01363932

Currently there are four active REO Foreclosure listings in Danville. In the upcoming months, keep your eyes open. You should see more REO's in Danville by September. If you would like, I can email you every REO and Potential Short Sale Listing as they are listed on the MLS. It is important that you preview the properties in the first couple days, because every distressed sale in Blackhawk-Danville sells quickly. Deer Meadow Drive is most likely a Pre-Foreclosure Home.

Active REO's in Danville.

864 LA GONDA WAY
358 HASKINS RANCH CIR
33 EL ALAMO
633 ADOBE DR

Richard is right. We could all write similar responses. Frankly one of the most thorough explanations of RealtyTrac was written by Carl Medford in his blog. I refer you to that because I couldn't do it better. See http://www.trulia.com/blog/carl_medford/2008/12/when_is_the_…

If you want to buy a home in Blackhawk (or anywhere) - foreclosure or not, your best move is to find a local Realtor and thoroughly lay out your objectives and desires. Spend some time with him or her, and see if you "click". If you do, don't talk to another Realtor until you've found what you want and that Realtor has helped you through all the various stages to a completed purchase. If you want to start with me, I'd be honored, but please call a good Realtor before you go any farther.

Hi Ajayc,

RealtyTrac is not reliable information for your needs...what it shows is properties who may be going down the road of foreclosure and the loan amount for the lender who is foreclosing. For example, a $1,000,000 home with two mortgages, first mortgage for $800,000 and second mortgage for $200,000. Homeowner stops making payment on the second, but keep the first mortgage payments current. Holder of second mortgage files foreclosure (about a 120 day process)...RealtyTrac reports the public foreclosure filing showing the property address and the amount of the second mortgage...then consumers see it and think "Wow, a million dollar house for $200,000". Well, in your Deer Meadow example, yes, a bank may be getting the property back through a foreclosure proceeding, but it may take several months before it becomes available on the market and most certainly will be listed on MLS at a price approximating fair market value. The best deals are those investors with ALL CASH who are scooping up properties on the doorstep of the county office the day they are "auctioned" (not really an auction, per se, but a bank rep will be there and if anyone makes on offer, they consider it." The average consumer will still have to wait until the properties are listed at a price based on several Broker Pricing Opinions that the banks use to decide what to list the price for. The BPO prices are based on (3) active comparable listings and (3) recently sold comparable properties....so not room for much discounting. That said, I have seen many REO's coming on the market priced well below the average of the most recent solds...by about 10% on average. So decent REO buys are available, but you need to move quickly...and I mean quickly (make your offer within 24 hours of the property being listed), otherwise you may find yourself competing with many others. I have more tips for pursuing REO properties; if you would like to chat and develop a winning REO buying strategy, give me a call. I would enjoy assisting you!

Rich
925.876.1460