Bank Repos – REO

Luxury Bank Repos For Sale in Orange County CA

Banks and REITs are cranking it up in Orange County CA. As the real estate market improves and the economy continues to roll along strong, investment firms are bringing foreclosure inventory to the market. You see, banks don’t want own homes. They need to protect the investments of their customers and members and do so by making sure they sell these properties for top dollar. Some recent Luxury...

Foreclosure Notices, Notices Of Default, Trustee Sales, Help For Homeowners

Facing Foreclosure?       Here are some honest answers for homeowners going through tough situations… Will the bank foreclose if you don’t do anything? Yes, they will. We have seen an increase in the number of foreclosures this year. Banks that used to delay are now moving forward with foreclosures. What is a Trustee Sale? A trustee sale is the event where the...

Bank Repo Update for Orange County California

According to the statistics provided by Equator.com to their Elite Agents as well as my research in the Multiple Listing Service, the REO Bank Repo market in Orange County California is very insignificant compared to the real estate total market in February 2017. Here’s some of the data they have provided us: Incoming REOs: 7 Active REOs: 60 Closed REOs: 23 Average Selling Price:...

Fewer Bank Repos Available… Why?

Fewer Bank Repos Available… Why? In February 2017, according to the statistics provided by Equator.com, an authority on real estate statistics, there were only 3 closed bank repos last month. Where have all the foreclosures gone? Here are a three reasons I believe there are fewer bank repos for sale. Higher Home Prices = Greater Equity Now that home prices have rebounded, most homeowners that...

Foreclosures Way Way Way Down! Are Bank Repos a Thing of the Past in Orange County?

Foreclosures Way Way Way Down! Are Bank Repos a Thing of the Past? Take a look at the latest Foreclosure Radar report from (www.foreclosureradar.com) and you will see that the number of foreclosures notices filed in Orange County is down nearly 51% from a year ago! DOWN FIFTY ONE PERCENT!!! Two things are obvious: 1) Banks are foreclosing on fewer homes. 2) There are fewer homes to foreclose because...

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