Home Buying in 92821>Question Details

Buyer, Other/Just Looking in Brea, CA

Any bank owned homes in Brea, CA price range from 350000-450000 - looking for a 3bed/2bath min.?

Asked by Buyer, Brea, CA Thu Feb 19, 2009

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Fantastic question no matter what city or zip you are interested in. The number of REO properties is very low right now for a few reasons. The main one is the competition with home buyers vs investors is fierce. Another reason is that banks would rather work out a short sale than foreclose and distressed sellers are learning quickly about short sales. Buying a short sale is my recommendation right now because you only offer a fair market price, you know if the seller and listing agent choose your offer to submit that you are still in the game. Make your offer STRONG, be willing to be THE LAST GUY STANDING and put that in the offer and get out there today and start making offers. hope that helps and best of luck to you.
Think of a short sale as today's BANK OWNED with the seller choosing who he wants to let the bank sell to.
0 votes Thank Flag Link Mon Mar 8, 2010
Banks are moving away from foreclosures and the inventory is shrinking and the competition for each REO is intense.

Banks are moving to 'fast-track' short sales...properties where the seller owns the bank more than the home is worth........ignoring this segment used to make sense...no longer.

There are proven strategies to beating out other buyers...only an expert can help.

Kurt Steinhebel
Century 21 Award
Anaheim Hills, CA
http://www.ocbankownedexperts.com
0 votes Thank Flag Link Sun Feb 21, 2010
Want to find out for yourself?
Look at http://www.IwantABiggerHouse.com
I could go and search the MLS for homes that you 'might' be interested in OR I can let you look for yourself and help you through the whole process. If you are looking for a great deal in Brea, or another city like that, let me know exactly what you are looking for and we can go from there...

I don't know if you know but buying a bank owned home comes with its own obstacles and challenges so you might find out that a bank owned home ISN'T what you are looking for....
Well check out the site and set up an account so you can start seeing what is out there. We can talk and maneuver you to your perfect home...
0 votes Thank Flag Link Thu Feb 19, 2009
Hi,

There are quite a few short sales....and some equity sales. I do show this home is bank-owned. 1801 Blossom Pl. It's 3bd/2ba priced at $332,800. 1530 sq.ft.

If you want to shoot me an email with your email address...I can send you the listing.

Karen
karenfiddler@great-western-realty.com
0 votes Thank Flag Link Thu Feb 19, 2009
Yes - I have a list of 25 including detached single family homes. Call me at 714-349-5454 or drop me a line at daveo@theOCmls.com and I will be happy to email it to you..for free and with no further obligation.

Thanks and good luck in your home search.

Dave

PS You can now search for short sales and foreclosed homes yourself at http://www.TheOCmls.com
Web Reference: http://www.TheOCmls.com
0 votes Thank Flag Link Thu Feb 19, 2009
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