Bank Repos – REO

6 Steps to Successfully Buying an REO Bank Repo by Aaron Zapata, Zapata Group with Prudential CA Realty

1. Act Fast. Banks price their homes to generate a lot of activity in the first seven to 10 days. Make sure to submit your offer right away. 2. Write a good offer. Banks are smart and they expect to get the highest price for the property compared to its condition and location. If it’s a great property and in great condition, make a great offer. The banks want to know A) How much money will they get and...

The sun has risen and the shadows are fading on Orange County Real Estate

The sun has risen and the shadows are fading. The so-called shadow inventories of foreclosed homes have all but disappeared here in Southern California. As you can see from this map, the worst is behind us here in Orange County.  New England, however, is a different story.  Fortunately for us, we have better days ahead. This chart shows that OC will have 24-36 more months where we see distressed...

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