I sold one recently so yes, it can be done. It depends upon the condition of the home and the time the bank will give you. Banks like a fast close of escrow, so if you can close in 30 days or less that will help. Of course you offer has to be competitive or you won't have a chance at these.... more
Our web site has a page devoted to foreclosure properties in the Beach cities and general MLS search allows you to see only foreclosures, REO's, etc in any given area if you check the right boxes -- no need to subscribe to a separate service!
However, don't limit yourself to foreclosures -- these can be very difficult to actually close on as the banks are very backed up and seemingly take forever to respond. Instead, tell your Realtor what you are looking for and in what price range and let us find the right property for you, whether that is a foreclosure, short sale, REO, or just a well priced home!... more
You can search the MLS on my site for all homes listed for sale in the MLS in Manhattan Beach - very easy to use - will give you all the info and photos you need.
The next time you have an agent write an offer request a formal rejection by asking that the seller intial the last page of the purchase agreement indicating that the offer was rejected by the seller. (See page 8 final paragraph of the residential purchase agreement) As mentioned by the other agents you can pursue ethic violations against an agent but the request for a formal rejection might prevent your next offer from being ignored. If I were you, i would submit offers on REO and standard sales due to the success/acceptance rate being higher. Everyone thinks short sales are the way to go but there is a hassle factor, multiple offer situation, and ethical issues as well as a long drawn out process that might end in inevitably end foreclosure. Good luck!... more
THE ANSWER I GAVE WAS FROM JANUARY AND OU LA LA WHAT A DIFFERENCE A DAY OR TWO MAKES. WE ARE UNDER SIEGE FOLKS AND NOW STRAPPED WITH A NATIONAL BANKING SYSTEM , SOCIALIST LEVEL TAX BASE (ANTICIPATED) LACK OF SOCIAL SERVICES (OUCH) DEFICET MEASURED NOW BY REAL DOLLARS AND WOOOOOOO!
NO ONE AREA WILL BE FREE OF THE ECONOMIC WRATH WE ARE HEREIN AFFECTED BY. BUT REMEBER (SPAM OR NOT) THERE IS A POTETNIAL TO RETURN WEALTH TO AMERICANS THROUGH THE COMPULSARY LENDER MANDATES MADE IN EFFECT BY WASHINGTON.
YOU CAN LEVERAGE THE PAIN AND SUFFEREING BY UNDERSTANDING YOUR LENDER IS UNDER THE SAME GUN...GET IT. THEY NEED TO MOVE TROUBLED ASSETS AND A DES MOINS IOWA CENTRAL SERVICING CENTER MAYNOT CARE ABOUT THE VIEW OF A PIER OR VIEW OF A MID WEST HIGHWAY. THEY WANT RELIF AND WANTS TO CUT A DEAL NOW.
THEY CANT FACE ANOTHER FORECLOSURE AND MAYBE SELL IT CHEAP OR WAIT OR CUT YOU A DEAL AND MOVE ON TO THE NEXT PROBLEM. ASK DAMN IT
CALL YOUR LENDER, CALL THE NAVY ,CALL YOUR HAIR SALON BUT DO SOMTHING ABOUT THAT MORTGAGE. DONT LET A VULTURES COME IN AND STEAL YOUR HOME !