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Home Buying in 90807 : Real Estate Advice

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  • Home Buying11
  • Home Selling1
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Activity 7
Fri Aug 29, 2014
Alex Montelongo Real Estate Group answered:
Without looking too far into it, the average range is about 400k if it was in average condition and was 1100 sq ft. Have you seen the pictures? This property is completely remodeled to 2014 standards. It looks like an upscale hotel on the inside. It is also almost 1800 sq ft. and the landscaping is to die for.
To answer your questions, is it high? Yes. it is priced high. If it is beyond your budget, let it go and see what happens. A seller can ask whatever they want for a property. It doesn't necessarily mean that they will get it. That house is awesome! Lets see what happens.

Best of luck,

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRE lic #01456982
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Sat Sep 7, 2013
Alex Montelongo Real Estate Group answered:
Easiest way is to contact the help center. Every time I need something I call them directly @ 888-466-3501 Monday – Friday 7am to 4pm PST.
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Wed Nov 16, 2011
Teresa M. Grant answered:
In some areas you maybe able to, in CT once you own a home you cannot.
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Thu Nov 5, 2009
Vicky Chrisner answered:
BREAKING NEWS on the tax credit issue - read the blog below. It's being extended and EXPANDED
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Fri Oct 24, 2008
Shel-lee Davis answered:

The information you provided below helped complete the picture. RealtyTrac gets its information from Notice of Default (NOD) and Notice of Trustee Sale (NTS) in the public records. The homes are not necessarily "on the market", and the amount shown as the sales price is really the defaulted amount on an NOD and the expected minimum bid on an NTS. This particular property is scheduled for Trustee Sale on 10/27/08.

This property WAS listed up until 9/22/08 when the listing was cancelled. It is a condo in the "heart of Virginia Country Club" according to the listing description. It had been on the market for a total of 465 days, most recently as a short sale priced at $550,000. In just a couple of days, it appears that this property will go back to the bank unless someone buys it at the auction on the court house steps for the outstanding loan balance, which now includes all the costs accumulated during the foreclosure. If you are interested in the property, I would be happy to keep an eye out for it to return to the market as an REO. If you are looking for similar properties, I can also help. I live, love and labor in Long Beach and would be honored to help you find your perfect home here. Please contact me directly, through my profile or by phone. Dare to Dream.

Shel-lee Davis
Real Estate Consultant
RE/MAX Palos Verdes Realty
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0 votes 3 answers Share Flag
Sun Oct 19, 2008
The Tim Wood Group answered:
Hello K.

It does depend on how the terms are being used. Bank owned is referring to the fact that the property is now owned by the bank. A foreclosure is the process that the bank/lender/note holder goes through to get the property back after the owner defaults on the loan. So, the foreclosure process leads to the property being bank owned after it goes through.

If someone says the property is a foreclosure property, the key question to find out if the bank owns it yet, or if it is still in the foreclosure process, which can take 124 days or more depending on the situation.

Sometimes people will use the terms interchangeable but a foreclosed property does not always mean the bank owns it already. Just because a property goes into foreclosure does not automatically mean it will be bank owned. The owner could cure the default and/or a buyer could show up at the trustee sale and buy the property before it goes back to the bank.

Hope this helps.
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Thu May 15, 2008
Charita King - Short Sale Specialist answered:
There's a couple right over by my street for under 500k. Send me an email I will show you the house.
0 votes 6 answers Share Flag
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