CRR Blog |
30 April 2010
We try to make clear the opportunities that are happening each week day by providing examples of proven success from just the day before. Less than 24 hours ago these two properties were so expensive that you would never consider buying them for what was owed. The Trustee's Sale made the previous loans vanish and made these two examples happen. If you were tracking these properties with us, you could have been the winner at the sale. 2BR/2BA CONDO at 611 N. Bristol St. #12 in Santa Ana... Value: $159,500.00 Est Bid: $186,824.00 Sold for only... $65,000.00 !!! 2BR/2BA Home at 3084 Double O Road in Borrego Springs... Value: $154,500.00 Est Bid: $223,894.00 Sold for only... $68,800.01 !!!
29 April 2010
Triplex at 2911 S. LaSalle Ave. in Los Angeles.... Value: $635,500.00 Est Bid: $538,031.00 Sold for only... $290,000.00 !!! There were many other deals at around 50% of comp value throughout the southland yesterday. Take a look!!!
28 April 2010
4BR/2BA Desert Home on Huge Lot at 33063 Sate Highway 74 in Hemet... Value: $85,500.00 Est Bid: $379,123.00 Sold for only... $59,900.01 !!! 2BR/1BA CONDO at 9600 Van Nuys Blvd. #222 in Panorama City... Value: $138,500.00 Est Bid: $228,628.00 Sold for only... $71,000.00 !!! 1BR/1BA CONDO at 8800 Cedros Ave. #114 in Panorama City... Value: $113,500.00 Est Bid: $179,247.00 Sold for only... $39,887.92 !!!
27 April 2010
2BR/1BA CONDO at 31011 Calle San Diego #106A in San Juan Capistrano.... Value: $232,500.00 Est Bid: $363,279.00 Sold for only.... $115,200.00 !!! 2BR/1BA CONDO at 1400 W. Warner Ave. #70 in Santa Ana... Value: $131,000.00 Est Bid: $226,978.00 Sold for only... $89,000.01 !!! 3BR/2BA Home at 29832 Hiddenwood in Laguna Niguel... Value: $679,500.00 Est Bid: $540,917.00 Sold for only... $550,000.00 !!!
23 April 2010
2BR/1BA Home at 717 Long St. in Inglewood... Value: $197,000.00 Est Bid: $339,449.00 Sold for only... $46,000.00 !!! 1BR/1BA CONDO at 7616-1/4 Crenshaw Blvd in Los Angeles.... Value: $202,000.00 Est Bid: 165,824.00 Sold for only... $55,695.01 !!! 4BR/2BA Home at 40991 179th St. E in Lancaster... Value: $77,000.00 Est Bid: $269,730.00 Sold for only.... $54,000.01 !!!
22 April 2010
Here is a nice example of a property where the opening bid was low based upon a lesser amount owed. Here is where you find equity already in the property and the lender simply opens the auction at an already low price. The savings are obvious. 3BR/1BA Home at 6011 Alleghany St. in San Diego.... Value: $318,000.00 Est Bid: $184,402.00 Sold for only... $188,500.00 !!!
21 April 2010
One sure way to benefit from the foreclosure market is to obtain properties you can use for income in your retirement. When looking at properties going to sale, remember that there may be little difference in purchase price between a house and a duplex. In fact, what looks like a house can turn out to be more. Always check your use code on the property profile, and don't ignore properties that are just a little off the beaten path. These could be great opportunities for you that are just waiting to be picked up at reduced prices. Just look at these examples from yesterday, and note that the last example is NOT a TYPO!!! Duplex at 10196 Gramercy Pl. in Riverside... Value: $274,500.00 Est Bid: $481,336.00 Sold for only... $140,200.00 !!!! Duplex at 731 E. 87th St. in Los Angeles... Value: $430,500.00 Est Bid: $511,719.00 Sold for only... $141,000.00 !!!! Duplex at 2158 W. 28th St. in Los Angeles... Value: $501,500.00 Est Bid: $482,572.00 Sold for only... $246,000.00 !!!! Duplex at 66385 Cahuilla Ave. in Desert Hot Springs... Value: $51,500.00 Est Bid: $147,085.00 Sold for only... $12,209.01 !!!! Yes, that is correct!!!
20 April 2010
3BR/2BA Home at 4427 W. 60th St. in Los Angeles.... Value: $445,000.00 Est Bid: $535,987.00 Sold for only.... $270,470.00 !!!! 4BR/2BA Mountain Home at 42759 Conifer Dr. in Big Bear Lake.... Value: $266,500.00 Est Bid: $310,615.00 Sold for only.... $144,684.91 !!!! 4BR/2BA Home at 1515 Avenida Hacienda in San Clemente.... Value: $547,000.00 Est Bid: $736,281.00 Sold for only... $459,815.00 !!!!
19 April 2010
These are properties in Los Angeles and surrounding cities. They include Homes of various sizes, as well as Condos, which are always an excellent investment when the lenders offer them below market price at the trustee's sales. Note that there are hundreds of properties for sale at each sale locatrion each week day. These results are posted on our site so that you can keep track of what kinds of deals the lenders are making happen every day. 2BR/2BA CONDO at 8800 Cedros Ave. #120 in Panorama City... Value: $136,000.00 Est Bid: $223,920.00 Sold for only.... $77,000.00 !!!! 2BR/1BA CONDO at 851 E. 40th Pl in Los Angeles... Value: $138,000.00 Est Bid: $216,487.00 Sold for only... $65,600.00 !!!! 2BR/1BA Home at 851 E. 40th Pl in Los Angeles... Value: $185,500.00 Est Bid: $364,691.00 Sold for only... $97,000.00 !!!! 4BR/3BA Home at 143 W. 234th Pl. in Carson.... Value: $398,500.00 Est Bid: $620,504.00 Sold for only.... $296,500.00 !!!! 1BR/1BA Home at 120 S. Alessandro Ave. in San Jacinto.... Value: $75,500.00 Est Bid: $286,347.00 Sold for only.... $29,250.01 !!!! 3BR/1BA Home at 3658 Pinoneer Dr. in Riverside.... Value: $136,000.00 Est Bid: $296,220.00 Sold for only... $67,050.01 !!!!
16 April 2010
"We have nothing to fear... but fear, itself." This memorable sentence that helped us weather the last great economic downturn holds as true today as it ever did. Many times I have had potential investors speak of their fears when discussing buying properties at the trustee's sales. They harbor fears of over-priced properties, of expert investors scaring them out of buying their dream homes, of secret liens making their dream become a nightmare... It is wise to be careful, and it is always smart to plan ahead. We are here to help you review properties and consider the outcome of the auction before you ever bid on anything. Never guess. Never assume. You do not have to. Look at just a few of the smart purchases that were made just yesterday in 3 different cities in Southern California... Triplex at 9566 Olive St. in Bellflower... Value: $654,500.00 Est Bid: $671,027.00 Sold for only.... $353,211.60 !!!! Duplex at 669 California Ave. in Venice... Value: $844,000.00 Est Bid: $583,996.00 Sold for only.... $614,100.00 !!!! 4BR/2BA Golf Course Home.... Value: $143,000.00 Est Bid: $63,113.00 Sold for only... $62,902.85 !!!!
15 April 2010
3BR/2.5BA Home at 2549 Cypress Pt. Dr. Value: $471,500.00 Est Bid: $418,503.00 Sold for only... $340,100.00 !!!
14 April 2010
3BR/3BA Home at 693 E. 1st St. in San Jacinto.... Value: $121,500.00 Est Bid: $331,238.00 Sold for only... $77,330.01 !!!
13 April 2010
3BR/2BA CONDO on the sand in Beautiful Long Beach.... Value: $723,000.00 Est Bid: $886,914.00 Sold for only.... $400,500.00 !!!
12 April 2010
2BR/1BA Home at 621 E. Mayberry Ave. in Hemet.... Value: $77,000.00 Est Bid: $201,923.00 Sold for only... $30,713.86 !!!!! Go tell Aunt Bea it is time to buy a foreclosure !!!!
9 April 2010
A Duplex at 205 W. Golden Ave. in Los Angeles..... Sold yesterday... Value: $226,500.00 Est Bid: $343,039.00 Sold for only... $110,000.00 !!!!!!!!!!
8 April 2010
3BR/3BA Newer Resort Home at 1420 Amelia Way in Palm Springs... Value: $510,500.00 Est Bid: $601,145.00 Sold for only... $295,000.00 !!! 4BR/3BA Home at 35961 Devonshire Lane in Wildomar... Value: $395,000.00 Est Bid: $413,673.00 Sold for only... $196,000.00 !!! 3BR/2BA Home at 7979 Coyote Trl in Hesperia... Value: $185,000.00 Est Bid: $267,686.00 Sold for only... $74,400.00 !!!
7 April 2010
3BR/2BA Home at 3463 Floresta Ave. in Los Angeles... Value: $422,500.00 Est Bid: $302,144.00 Sold for only.... $304,726.70 !!! Duplex at 917 W. 74th St. in Los Angeles.... Value: $238,000.00 Est Bid: $458,227.00 Sold foro only... $149,000.00 !!! 4BR/2BA Home at 9946 Encino Ave. in Northridge... Value: $436,000.00 Est Bid: $253,649.10 Sold for only.... $300,000.00 !!!
6 April 2010
2BR/1BA Home at 745 W. 118th St. in Los Angeles... Value: $348,500.00 Est Bid: $432,774.00 Sold for only... $160,000.00 !!! 3BR/2BA Home at 38588 N. Friendly Ave. in Palmdale... Value: $121,500.00 Est Bid: 292,271.00 Sold for only... $63,000.01 !!! 2BR/2BA Home at 69947 Paloma Del Sur in Cathedral City... Value: $237,000.00 Est Bid: $373,068.00 Sold for only.... $147,000.00 !!!
5 April 2010
2BR/1BA Home at 225 E. 127th St. in Los Angeles... Value: $178,000.00 Est Bid: $333,260.00 Sold for $105,000.00 !!!
2 April 2010
Duplex at 2533 Eucalyptus Ave. in Long Beach... Value: $405,000.00 Est Bid: $621,963.00 Sold for only... $295,100.00 !!! Duplex at 407 S. Locust Ave. in Compton... Value: $426,500.00 Est Bid: $564,776.00 Sold for only... $176,000.00 !!! 4BR/7BA Home at 9215 La Alba Dr. in Whittier... Value: $1,079,000.00 Est Bid: 510,674.00 Sold for only... $585,577.90 !!!
1 April 2010
Each day there are large numbers of properties going to sale at greatly reduced prices. Novice buyers often say that there are no good deals out there because they look at the advertised properties on the MLS and see asking prices that are not low enough to meet their needs. Experienced buyers who belong to County Records Research understand that the banks have a dilemna. They need to sell properties, but they do not want to drive down the market by offering low prices on REO's. The lenders solve this problem by discounting the properties at the Trustee's Sales, which puts them to market at a low price so that investors can "Flip" or quickly resell these properties with room to make a profit. These auction sales do not create a reduced "Comp" value that would in-turn lead to reduced market values.... Instead these great deals at the auction are like phantoms. They are not considered "Comps" and are not adversely affecting your profit margin when you go to resell. Consider it a favor from the lenders to you. Duplex at 255 Magnolia Ave. in San Bernardino... Value: $116,500.00 Est Bid: $308,913.00 Sold for only.... $64,50001 !!! 4BR/2BA Home at 16140 Del Norte Dr. in Victorville... Value: $65,500.00 Est Bid: $178,386.00 Sold for only.... $47,800.00 !!! 2BR/1.5BA Home at 1808 Broadmoor Blvd. in San Bernardino... Value: $93,500.00 Est Bid: $211,243.00 Sold for only... $73,000.01 !!!!
|
|
