CRR Blog

LA is the Place...

You cannot make this stuff up....


Duplex at 1235 E. 99th St. in LA...


Value: $395,500.00  Est Bid: $384,917.00...      Sold for ONLY...        $50,400.01!!!!


2BR/1BA Home at 1021 E. 49th Pl. in LA...


Value: $314,000.00 Est Bid: $234,714.00...   Sold for ONLY...             $90,344.71!!!!


What are you waiting for????

So many deals... so little time....

There were so many smart purchases at the trustee's sales yesterday...


Here are three that caught our eye... but there is another from yesterday that should have you asking, "Was this for Real?"  If you know which one we are talking about... call us and ask us... "Was this one for Real?"


2BR/1BA at 1622 Orizaba Ave. in Long Beach...


Value: $353,500.00 Est Bid: $440,567.00...  Sold for ONLY...   $165,000.00!!!


2BR/2BA at 52211 Calle Techa in Coachella...


Value: $136,000.00 Est Bid:  $171,689.00... Sold for ONLY...  $48,750.0!!!


3BR/2BA at 80604 Declaration Ave. in Indio...


Value: $231,500.00 Est Bid: $274,296.00... Sold for ONLY...  $102,555.00!!!

Where are the deals??? Everywhere!!! Just look at some of the purchases Yesterday at Trustee's Sales....

Huntington Beach Condo at 20341 Bluffside Cir. #C-102 ...


Value: $351,000.00 Est bid: $258,235.00.....  Sold for ONLY $166,000.00!!!!!


Los Angeles Home at 1317 W 60th Pl. ...


Value: $273,500.00 Est bid: $510,861.00....  Sold for ONLY $119,706.10!!!!!


Mountain Home in San Jacinto at 1240 Avenida Rosa Mundi...


Value: $167,500.00 Est bid: $356,187.00...  Sold for ONLY $95,431.51!!!!!


Desert Home in Adelanto at 10480 Mendocino Rd. ...


Value: $138,000.00 Est bid: $190,510.00..   Sold for ONLY $28,200.00!!!!


Great Value!!  Starter Home in San Bernardino at 2450 N. Sierra Way...


Value: $106,000.00 Est bid: $218,451.00...  Sold for ONLY $27,930.00!!!!!


 

3 San Fernando Valley Properties from yesterday's trustee's sales...

Every day there are thousands of properties on their way to trustee's sales in Southern Califiornia.  We follow these properties, looking for changes in the schedule, and reduced bid prices that make the estimated bid obsolete.


The following 3 properties in the San Fernando Valley went for at least $100,000 below market value at the foreclosure auctions at the courthouse.  These foreclosure auctions are called trustee's sales, because the Trustee who represents the foreclosing lender is the party that is putting the sale on.  The Trustee has the right to sell a property when the borrower fails to meet his/her loan obligations.  The lender asks the Trustee to begin foreclosure, which is a right the lender has a a result of the terms of the Deed of Trust which defines the security of the loan itself.  The Note that accompanies the Deed of Trust defines the repayment terms of the loan.  It is the Note that dictates the rate of interest and other factors of the loan itself.  These properties sold for far below market value because the lender chose to make a dropped bid or because the amount owed was already low enough to make it a great deal...


2BR/2BA CONDO at 15455 Sherman Way #17 in Van Nuys...


Value: $195,000.00  Est Bid: $61,147.00...................Sold for ONLY $68,037.00!!!


3BR/2BA Home at 13461 Cornelius St. in Pacoima...


Value: $288,000.00 Est Bid: $421,132.00..................Sold for ONLY $130,000.00!!!


3BR/1BA Home at 6850 Garden Grove Ave. ...


Value: $352,500.00 Est Bid: $385,740.00..................Sold for ONLY $211,500.00!!!

Does this ring a BELL ????

Home in Bell on a Large Lot at 6607 Walker Ave.


Value: $314,000.00 Est Bid: $472,153.00...


Sold for only.....   $100,500.00!!!!

4 Homes under $100,000.00...... Sold just Yesterday.......

2BR/2BA at 810 Ollie Way in Hemet...


Value: $136,500.00 Est Bid: $207,374.00  Sold: $54,400.00!!!


1BR/1BA at 686 S. Estudillo Ave. in San Jacinto...


Value: $103,500.00 Est Bid: $180,519.00  Sold: $24,600.00!!!


2BR/1BA at 632 Cabrera Ave in San Bernardino...


Value: $118,500.00 Est Bid: $229,048.00 Sold: $35,780.01!!!


3BR/2BA at 16665 Navajo Rd in Apple Valley...


Value: $128,000.00 Est Bid: $206,950.00 Sold: $59,500.01!!!

REO's are stacking up in LA County.... Just look at these from yesterday...

3BR Home at 2924 W. 131st St. in Gardena...


Value: $351,500.00   Est Bid: $122,026.00   Sold:  $5000.00 to the lender.


That is no typo above... The opening bid was only $5000.00!!!  The lender must have set a Reserve Bid of $122,026.00 or less.  (A Reserve Bid can be no higher than what the lender is owed.) If no one bids, the bank gets the property for the opening bid price.  If you do bid at the auction, based upon a low opening bid, and there is a reserve bid, the auctioneer will raise the bid against you or any other bidder until the reserve price has been met.  In this circumstance, you simply ask the auctioneer if there is a Reserve Bid, and if so, what is it?  If he says "$122,026.00" then you just bid one penney over that, or $122,026.01.  If no one out-bids you, that is it.  You won.  If you ask and they say "NO, THERE IS NO RESERVE BID", then just bid the $5000.00 plus one penney, or $5000.01.  If no one tops your bid, You won.


2BR Home at 2036 E. Poppy St. in Long Beach...


Value: $259,000.00 Est Bid: $437,043.00 Sold: $153,450.00 to the lender.


2BR Home at 122 E. Tichenor St. in Compton...


Value: $228,000.00 Est Bid: $324,179.00 Sold: 130,765.50 to the lender.

2 Great Deals under $70,000.00 in Riverside County from Yesterday....

3BR/3BA HOME at 145 N. Scovell Ave. in San Jacinto.... 


Value: $146,500.00 Est Bid: $237,144.00   Sold for ONLY $51,300.00!!!!!!


2BR/2BA HOME on HUGE LOT at 24011 Conejo Dr. in Canyon Lake...


Value: $199,500.00  Est Bid:  $464,700.00  Sold for ONLY: $61,452.05


You have bought cars for this!!!!

2 OC Homes from just yesterday......

3BR/1.5BA at 2171 w. Crestwood lane in Anaheim...


Value: $393,500.00  Est Bid: $471,036.00  Sold: $290,000.01!!!


3BR/2.5BA at 12970 Newhope St. in Garden Grove...


Value: $328,000.00  Est Bid: $406,363.00  Sold: $229,500.01!!!

Two great deals from the South Bay.. only last friday...

3BR/1BA at 862 E. Claude St. in Carson...


Value: $287,500.00  Est Bid: $360,881.00   Sold: $167,100.00!!!


3BR/2BA at 26021 President Ave. in Harbor City...


Value: $361,000.00  Est bid:  $408,539.00   Sold: $210,000.00!!!

3 LA County Buys from just Yesterday....

5BR/4BA HOME at 1202 Walnut Ave. in Long Beach...


Value: $406,000.00  Est Bid: $467,380.00  Sold:  $219,000.00!!!


2BR/1BA Home at 15137 Leahy Ave. in Bellflower...


Value: $316,000.00  Est Bid: $445,541.00  Sold:  $193,44.00!!!


4BR/2BA at 12519 Hayford St. in Norwalk...


Value: $363,000.00  Est Bid: $492,044.00  Sold:  $228,5560!!!

Lakewood is On Sale!!!!

These two from yesterday sold $100k under market value!!!


3BR/1BA at 6149 Pearce Ave. in Lakewood....


Value:  $441,882.00   Est Bid: $371,500.00   Sold for only... $259,416.00!!!


3BR/1BA at 5602 Castana Ave. in Lakewod....


Value:  $423,500.00  Est Bid:  $490,479.00   Sold for only.... $309,100.00!!!!

2 from 10-13-09

Here are 2 of several great deals from yesterday...


3BR/3BA at 1520 Whiteoak Dr in Perris...


Value: $194,500.00...  Est Bid:  $455,747.00...   Sold:  $96,929.13!!!


2BR/2BA at 24670 Meyers Ave. in Moreno Valley...


Value:  $141,500.00.. Est Bid:  $268,391.00...  Sold: $73,000.00!!!!

2 more Amazing Purchases at the Trustee's Sales...

4BR/3BA Home at 14128 Stonehurst Dr. in Moreno Valley....


Value: $220,000.00...   Est Bid: $384,892.00...  Sold for only....  $89,250.01!!!!!!


1BR/1BA Condo at 2266 Denair Ave. #112 in Highland....


Value: $94,000.00...  Est id: $6,429.00...  Sold for only...  $15,700.00!!!!!

$70,000.00 buys alot these days....

Ocean- View Long Beach Condo at 360 W. Ocean Blvd. #204...   A Short Walk to the Aquarium and Shoreline Village... 


Sold for $70,100.00!!!     Value:  $195,500.00...   Est Bid:  $215, 418.50!!!


4BR/1BA Ranch House on 48,000 sq ft lot at 7853 Eucalyptus Dr. in Highland... 


Sold for $67,515.01!!!     Value:  $266,500.00...   Est Bid:  $340,467.00!!!


 

Commercial Properties are Coming......

There have been commercial foreclosures already, but many more are coming.  Just look at this one from a few days ago...


6418 S. San Pedro St in Los Angeles....  2052 sq ft structure on 5097 sq ft lot zoned commercial...


Loan Amount/ Est Bid was $463,548.00...


Bought by an investor at the trustee's Sale for only...   $119,500.00!!!!!!


WOW!!!!!                WOW!!!!!             WOW!!!!!

3 stand-out buys in San Bernardino County... Just Yesterday....

3BR/2BA at 11790 Pasco Road in Apple Valley... Value: $126,000.00 Est Bid: $241,875.00..


Sold: $51,381.00!!!


3BR/2BA at 25775 Holly Vista Blvd in San Bernardino... Value: $153,000.00 Est Bid: $252,519.00..


Sold: $105,000.00!!!


3BR/2BA at 18855 Hinton St. in Hesperia... Value: $146,500.00 Est Bid: $300,254.00..


Sold: $85,500.00!!!

2 more amazing deals at the courthouse steps in LA County.....

2BR/1BA Condo at 3265 Santa Fe Ave. #56 in Long Beach... Value: $163,500.00 Est Bid: $187,660.00


Sold: $40,500.01!!!  Can you build one for that?


6BR/3BA Home at 905 Sartori Ave. in Torrance.. Value: $660.000.00 Est Bid: $606,556.00


Sold: $350,000.00!!!  What a Beauty!!!

2 more great auction deals in LA County

2BR/1BA at 16216 Virginia Ave. in Paramount.. Value: $294,000.00 Est Bid: $331,225.00 Sold: $190,000.00!!!


2BR/1BA at 2253 Earl Ave. in Long Beach.. Value: $321,000.00 Est Bid: $133,498.00 Sold: $179,000.00!!!

LA County Deals.....

10-1-09


2BR/1BA at 803 Cerritos Ave. in Long Beach...  Value: $322,000.00 Est Bid: $381,559.00 Sold: $125,200.00!!!


9-30-09


2BR/2BA Condo at 4727 W. 147th St. #121in Lawndale... Value: $255,000.00 Est Bid: $265,884.00 Sold: $121,987.00!!!


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