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foreclosures: Working With REOs - 04/30/08 06:07 PM
My first job in 1967 was working for a bank in New York State (I know I am dating myself!). Here I am again working with banks in Real Estate - and working with Bank Owned property can be a challenge. If you are a control freak, give it up - you won't be in control with your negotiations, or any other step in the process, for that matter.
Working with a bank is a wait and see game. Make and offer, and WAIT. Get a counter, counter their counter, and WAIT. Accept the offer, and WAIT for an executed contract. It … (0 comments)
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foreclosures: Is the Market Recovering? - 04/03/08 10:49 PM
Wow! I have clients looking at bank owned properties and much to my surprise, many have multiple, cash offers. All of a sudden we have hit a price point and the buyers are rushing in.
Salinas has had the most foreclosures and short sales in the County. In the Creekbridge area of North Salinas there are currently 60+ listings in escrow. This is so encouraging! Mind you, we have a few more to go, but if the rush keeps up, we may get most of the foreclosures sold by the end of the year, if not sooner, and see the market level … (0 comments)
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Mary Aguilar
Monterey,
CA
More about me…
David Lyng Real Estate
Office Phone: (831) 372-1598
Cell Phone: (831) 277-1073
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