Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in 94563 : Real Estate Advice

  • All13
  • Local Info1
  • Home Buying5
  • Home Selling3
  • Market Conditions1

Activity 2
Wed May 7, 2014
Steve Stahle answered:
Wed Jun 30, 2010
Ann Sullivan, MBA answered:
Dear Home Buyer,
Having lived in Orinda for 18 years, I have been tracking foreclosures for a while now, and have even personally purchased them...and the answer is yes. Some homes, end up going to the court house steps and get purchased by investors/home buyers. Others don't receive a bid and revert back to the bank and become REO's. By analyzing the trends and being knowledgeable about value you can identify those properties that are a "good deal". They are not always REO's. Buying an REO can be risky in that most have had a lot of deferred maintenance and/or have damage or structural issues. For example, if the plumbing hasn't been used in a year or so, there may be issues that will need correcting... Please feel free to contact me or go to my website for more information. I also specialize in assisting people who are upside down. My best to you. Sincerely, Ann

Ann Sullivan
Coldwell Banker Orinda
License 01488386
cell: 925-330-8214
... more
0 votes 7 answers Share Flag
Search Advice