Real estate blog entries tagged with bank owned by Ernest Villafranca, Realtor, Real Estate Oakland CA (Better Homes and Gardens Real Estate)

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Home : Blogs : Ernest Villafranca, Realtor, Real Estate Oakland CA : Better Homes & Gardens Real Estate/Go Ernest : Tag "bank owned"

bank owned: To Buy an REO or Short Sale? - 10/14/09 11:29 PM

A couple of people have asked what's better to buy: houses that are foreclosures (REO, Real Estate Owned, Bank Owned) or short sales?
Well, first off, what is meant by better? Cheaper, easier, surer? Let's address all three.
Foreclosures are generally priced very low, because banks want them sold fast. Houses are usually vacant and in poor conditions. Almost always there is only one lender, the second lender having been wiped out. But as the market is showing, bank owned properties are selling for more than asking price with multiple offers. A house listed at $119,000 sold for $155,000, with 15 … (4 comments)

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Ernest Villafranca, Realtor, Real Estate Oakland CA

Oakland, CA

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Better Homes and Gardens Real Estate

Address: Attn: Ernest Villafranca, 3320 Grand Ave., Oakland, CA, 94610

Office Phone: (510) 834-2010

Cell Phone: (510) 418-9443

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Real Estate Agent covering Berkeley-Oakland-San Leandro, East Bay in Alameda county. Experienced in short sales, flips, investment properties, probate sales, and the Hispanic market.

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