AJ Modig

"Your REO Specialist for LIfe 19 years REO experience"
  • I'm a:
  • Real Estate Professional
  • Company:
  • Bear State Realty & Finance
  • Location:
  • Web sites:
  •  
  • Phone:
  • (619) 838-1234
AJ Modig, in San Diego
  • 1 Answer
  • 1 Useful Answer
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About Me
Strengths:
Proven track record of locating properties with value added potential in all kinds of market conditions over the past 17 years. Doing all types of modifications, alterations, zoning changes, and other types of improvements to maximize profits both for investor clients and my own portfolio in the shortest possible time frame.

Experience:

Bear State Realty, a California Real Estate Brokerage Firm - 2002-Current
Business – Broker of Record

Design Logic NV, LLC- Design Logic, 1999-Current
Member of LLC for residential design for Specialized Projects

Pilot Catastrophe Services- Insurance Adjuster 1996-1998
Emergency disaster adjuster Hurricane – flood – wild fire – earthquake
Working for Insurance Companies in the U.S. for construction damage evaluations

Phoenix Companies- construction cost estimator 1989-1993
Principally working with Insurance Companies to estimate cost of repairs to insured properties on over 200 fires, flood, storm, & vandalism claims.

Leisure:
Sailed from Hawaii to California on return Trans-Pac 1985
Traveled extensively around the world

Education:

 - San Diego State University
 - California State real estate agents license 1989
 - California State real estate brokers license 2002
Testimonials
"AJ Modig is an expert in the field of real estate. I have never met someone with more natural instinct and integrity than AJ. I have enjoyed an extremely profitable buiness relationship in all my transaction and look forward to working with him on many future projects."
Darrell L. Grant Tue Aug 19
My Q&A View all >>
AJ Modig's Questions (0)
AJ Modig's Answers (1)
Lisa, Home Buyer in San Jose

Thinking of submiiting an offer on a REO- is it a good move to underbid by 10k , there are no current offers.

Asked Wed Jul 30 2008, 11:03 by Lisa  -  San Jose  -  Home Buying  -  15 answers
AJ Modig answered:
Hello Lisa:
I have been buying, listing, or selling bank owned REO properties since 1993. The offer price has less to do with the actual list price the offer price has everyting to do with the current bank owned listings in the area the market time of the listing you are interested in as well as the condition of the home in question and the most recent closed listings. The best way to find out what they are is to work with a realtor you trust and is one that works full time in the area you are looking or has access to all the local MLS info. You can usually get a property for up to 8% less then the most recent closed sale if it is within the last 60 days. There is a lot more to this but I hope this is helpful. - Tue Aug 19 2008, 22:13
View all AJ Modig's Questions & Answers >>
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What's this?
My Listings
426 E 18th St, National City, CA 91950 426 E 18th…
$269,900
5 br  3½ ba  
1740 Regency Way, Chula Vista, CA 91911 1740 Regency…
$134,000
2 br  1.0 ba  
View all 2 listings
Specialties
I currently work with many banks and asset managers, listing and selling bank owned (REO) properties.
I have been doing a lot of loan modifications for clients and their friends.
I have also completed several short sales. I do know what it takes to get them approved call if you have any questions.
I have been working in real estate since 1989.
I also am very active with buyers and have a very specialized (REO) knowledge due to my years of buying and selling for both client’s banks and myself.
Experience
Latest:
Broker for Bear State Realty
September 2003—present
Previous:
Projects for AJ Modig
Chalcedony Condominiums Pacific Beach, San Diego, CA. 16-Unit Residential Condo Conversion Equity Investor 54th Street Rehab Condos City Heights, CA Remodel (3) units Owner, Broker HOA Board President took from brink of bankruptcy back to solvency Imperial Beach Condominiums Imperial Beach, Imperial Beach, CA 4-Unit Residential Condo Conversion Equity Investor Broadway House Encanto, CA. Residential rehab Equity Investor Kensington Manor Kensington, San Diego, CA 4-Unit Condo Conversion Broker, Equity Investor Lewis Street Residence Mission Hills, San Diego, Ca 4000 sf Million Dollar Remodel Co-Owner, Broker Realtor Albatross Home Rehab Mission Hills, San Diego, CA Complete Restoration of 1910 Cottage Co-Owner builder, Broker Susex Drive Home Rehab Kensington, San Diego, CA Remodel Co-Owner, Broker Descanso Units Conversion Descanso, CA Complete Restoration and Conversion to two units Owner Arcadia Home Rehab – Conversion of 3,000sf sfr to duplex Mission Hills, San Diego, CA Complete gut and Restore of canyon home Owner builder, Broker Arcadia II Home Rehab – 2,400 sf Mission Hills, San Diego, CA Complete gut and Restore of canyon home Owner builder, Broker Oregon St Duplex San Diego, CA Remodel 1930’s Duplex Co-Owner, Broker 33rd Avenue Rehab San Diego, CA Remodel 1920’s Home Co-Owner, Broker Van Dykee Rehab San Diego, CA Remodel one Condo Owner, Broker
January 1989—present
Previous:
Real Estate Agent for Prudential
June 2000—August 2002
Certifications & Awards
NVSInstitute http://www.nvsinstitute.com
Certified BPO specialist

http://www.sandiegometro.com/2000/mar/metro.html

A. J. Modig, with Utopia Realty in San Diego, was awarded the designation of Real Estate Innovator by Realty Publishing. The honor recognizes extraordinary service to home sellers.
Interests
Helping people with their Loan modifications & if that can not be done then helping them with a short sale or a short refinance. - World travel – Sailing – Building - BPO's
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