The REO listings seems to have slowed WAY up and/or almost stopped. I'm guessing the banks are trying to work out loan modifications and/or short sales more and more.

I keep hearing there are a large amount of foreclosed homes waiting to come into the market, in the area where our office is located. At first I heard it would be the first part of May, then it was the middle of May. Then it was June 1st. Still nothing. I received a couple of homes but both are still occupied and it will take 60 to 90 days before they become listings.

My best guess is that we still have 2 to 3 years of selling foreclosed homes and doing short sales. But....since interest rates are so low, a lot of first time buyers are looking again. This is great news. For people that have been renting, now is a GREAT time to buy a house....if you have decent credit and a steady job. It's a huge sale going on right now.

Buy a house, don't buy a car!

 

REO, Foreclosure from Washington Mutual, now Chase
06/05/2009
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If I could have one wish… just one wish, it would be that someone from Washington Mutual, now Chase would call my office from their REO division. Someone that I could tell the following completely 100% true story to. Someone that could make a… more
REO, Foreclosed Properties and Email
05/13/2009
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I'm curious as to what others think about people that use YAHOO, HOTMAIL, GMAIL, or other on-line free email accounts for their business. Personally, I really think it is UN-PROFESSIONAL to use a YAHOO, GMAIL, HOTMAIL or another of these free… more
REO and Foreclosed Properties - Out of area agents.
04/19/2009
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Our office has not had a new REO listing in about 2 months. A headline I just read states "FORECLOSURE NOTICES SOAR, FORECLOSURE SALES DROP". Interesting. I have noticed that many REO listings in our area (OAKHURST, COARSEGOLD, MARIPOSA, BASS LAKE… more
REO Companies, Asset Management Companies, etc.
06/02/2008
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Here is something new. I have been selling REO's for quite a while now. And for many different companies. But one company recently gave me a task and I said "no more". The asset management company assigned me a property. I sent my crew to do the… more
Realty Trac, Res. net, and similar companies.
04/20/2008
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I would and could certainly appreciate some information, thoughts, recent experiences, etc., on Realty Trac and especially Res. net. I have talked with Realty Trac on the phone. My thought is they have really nothing to offer me. All they seem to do… more
REO/Foreclosure business continues to be good.
04/08/2008
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You know what most people first say to me when I tell them I sell forclosed homes? They ask, "don't you feel sorry for the people that lost their homes"? Of course I do. I would not wish that on anyone in this life. But… let me say… more
Home value. An article we wrote for our local newspaper.
01/26/2008
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http://www. sierrastar. com/features/story/14335440p-14851488c. html more
Foreclosures/REO's/Foreclosed Properties and the current market.
01/25/2008
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It's been a while since I have had time to write much of anything. In the month of January I got married. I started my own real estate company, REO Properties in Oakhurst, CA. It snowed and our truck is stuck in the driveway right now! That'… more
Trashouts at foreclosed properties
11/27/2007
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Recently I have seen some real interesting properties. It's amazing what people leave behind when they loose their home. I've seen more than one pool table. Several spa's. Homes full of furniture, pots, pans, dishes, etc. What I'm… more
 
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REO Properties Scott Runtzel - Broker

Bass Lake, CA

More about me…

REO Properties - A Div of C21 Ditton Realty

Address: 49015 Road 426 (Talking Bear corner), C-21 Ditton Building, Oakhurst, CA, 93644

Office Phone: (559) 683-4049

Cell Phone: (559) 683-7653

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