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Foreclosure in Newport Beach : Real Estate Advice

  • All180
  • Local Info8
  • Home Buying46
  • Home Selling4
  • Market Conditions12

Activity 8
Caroline Ger…, Real Estate Pro in Newport Beach, CA
Fri Jul 12, 2013
Caroline Gerardo Barbeau answered:
I've bought some but not in the past 13 months. The pickings are small, the hedge funds and wall street guys wearing hoodies swoop them up. Track notice of defaults, go look at the houses and keep cell phone images in folders. You attend the auction with a number of cashier's checks in different dollar amounts. You are buying without full title insurance. There may be tenants in the property or all kinds of adventures ... more
0 votes 5 answers Share Flag
Frank & Jenn…, Real Estate Pro in Newport Beach, CA
Wed Mar 28, 2012
Frank & Jennifer Shamoo answered:
Hello Lisa,

Call me or email me the address and i will provide you with the information. It's that easy.

As for buying a foreclosed home, once you we find the home, i will help you with making an offer and negotiating with the lender and or REO Broker. If you do not have a specific property in mind and just need a list of foreclosed / Short Sale homes? email or call me with the area.

Regards,


Help U Short Sale
Frank Shamoo
Realtor, CDPE AGENT
Certified Distress Property Specialist
949-264-2177
Frank@ShamooTeam.com
... more
0 votes 7 answers Share Flag
Eric Israel, Real Estate Pro in Orange, CA
Thu Mar 3, 2011
Eric Israel answered:
Unfortunately, this question is 7 months old:-(
0 votes 18 answers Share Flag
Christine Do…, Real Estate Pro in Costa Mesa, CA
Tue Feb 2, 2010
Christine Donovan answered:
It looks live you have asked two separate questions. The first being what is the best area in Newport Beach for investing in beach front homes.

If you are looking at it for investment purposes, the best area is along the Peninsula. These homes can be rented as weekly summer rentals for good prices, and can be rented as winter rentals to local college students. The area along Seashore between 36th and 58th offers a lot of multi unit properties that might be perfect for beach front investment properties.

Your second question of the most expensive properties, does not seem related to the income property question. If you could you clarify this, I would be happy to respond.
... more
0 votes 12 answers Share Flag
Karen Parsons…, Real Estate Pro in Laguna Beach, CA
Sun Mar 15, 2009
Karen Parsons Fiddler answered:
Hi John,

I don't like to give out names on the internet, but if you want to shoot me an email...I can talk about the current owner and other public information.

I can say that the property is not showing that there is a notice of default. The last owner purchased this in 2005 for $2.3 million and they owe $2,010,000 to Countrywide in first and second loans. The last listing I see for it expired in September and they had it listed at $1,995,000 and at that time they said it was in default. So perhaps they "cured" the loan...

Hope this helps.

Karen
... more
0 votes 1 answer Share Flag
.,  in Los Angeles, CA
Thu Dec 25, 2008
. answered:
You always have to consider replacement cost and breakeven rentals. Thats guaranteed to be your floor - infact you ll never seedue to vultures jumping in at about a 7% premium over the two componants of a market recovery. ... more
0 votes 10 answers Share Flag
Gretchen,  in Orange County, CA
Tue Oct 14, 2008
Gretchen asked:
as an agent in southern california, how can i get bank listings?
0 votes 0 Answers Share Flag
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