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Foreclosure in 92840 : Real Estate Advice

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  • Local Info1
  • Home Buying17
  • Home Selling2
  • Market Conditions1

Activity 2
Fri Sep 21, 2012
David Pham answered:

Depending on where you looked and how a website syndicated/labeled its data, that $112K could mean differently.

In Garden Grove, it is almost impossible to find a house for $112,000. In your message it said "Loan Amount: $112,000". It more likely referred to the amount of of the lien in pre-foreclosure cases. Please be noticed that there could be more than one liens on a property. Current owners may explore different options such as loan mod, refinance, or short sale. If none of those efforts works out, the property may go to foreclosure.

In short, those pre-foreclosure prices barely reflect what the property will be actually listed or sold at. If you are a home buyer, you may want to focus on regular sales, short-sales, or REOs.

Good luck on your house hunting,

David Pham
National Brokers
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Thu May 17, 2012
Kawain Payne answered:
I can tell you homes in Garden Grove/ Westminster are moving VERY fast ,some in a matter of days!

As for prices, no one can be certain what the future holds. I can only tell you that "right now" homes are moving fast,. We are seeing multiple offers and prices are moving up (slightly)

Best of LUck to You!

Kawain Payne, Realtor
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