bank owned: Big Bear Bank Owned Sale - 06/03/08 11:40 AM
This bank owned property just closed escrow today. I am posting it to shed a little light on how the market is dealing with bank owned properties at this time.
The home is located at 332 Downey, in a nice area in east Big Bear City. The home itself is … (2 comments)
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bank owned: Big Bear REO Bank Owned Bargain - 04/15/08 10:49 AM
Originally posted at http://bigbearizzy.typepad.com/
This little beauty just came on the market a few days ago. For a bank owned property, it is in fantastic shape. Built in 2005,this is practically brand new. It is located in Erwin Lake and is 702 square feet on a 2,310 square foot lot. At only … (2 comments)
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bank owned: Big Bear Lake Short Sales - 03/10/08 02:19 PM
SHORT SALES IN BIG BEAR
These days it seems like interest in REO's (bank owned properties) has gone through the roof. Every other client I get wants to know everything they can about which bank owned properties are on the market and what kind of a deal they can get for them. … (5 comments)
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bank owned: Big Bear Short Sale Blues - 03/06/08 01:33 PM
Dealing with Short Sales can be so frustrating. My clients made an offer around three months ago, on a short sale property here in Big Bear. We knew it was going to take the bank some time to accept or reject our offer, but three months? Then, when they finally gave … (4 comments)
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bank owned: Financing On Bank Owned Properties In Big Bear Lake - 01/29/08 12:41 PM
As many of you probably already know, bank owned properties come in a wide variety of conditions. From pristine to tear downs. What some agents new to the business may not be aware of, is the condition can directly affect the ability to get financing. On Sunday I showed property to … (4 comments)
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bank owned: Big Bear Lake Bank Owned Steal! - 01/25/08 03:12 PM
For the last year or so we have all been hearing about the great deals to be had on Bank Owned property. This exceptional home really proves that statement to be true.
Built on a promontory overlooking Stony Creek, this home is an absolute beauty. From top of the line … (1 comments)
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bank owned: Big Bear Bank Owned Properties - 01/17/08 02:44 PM
As I am sure we are all aware, bank owned properties came in all manner of conditions. You can look at one on one street that is nearly immaculate, and the next block over, find one that is falling into pieces. Sometimes the ones in the worst condition, are priced the … (0 comments)
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bank owned: Great Time To Buy In Big Bear Lake - 01/10/08 02:13 PM
For anybody waiting to buy in Big Bear, it is a great time. Our busiest times of year are the summer, and the year end holidays. The time between January and June are usually our slowest. This means that houses on the market are not getting very many offers, if any … (0 comments)
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bank owned: Big Bear Bank Owned Fixers - 01/08/08 11:34 AM
With the recent mortgage crisis in full swing, bank owned properties are becoming more and more prevalent. In Big Bear we are getting anywhere from one to five a week on average. As can be expected, they are selling at a brisk pace. Since they are typically priced at below market … (1 comments)
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bank owned: Big Bear Bank Owned Properties Selling Briskly - 01/04/08 03:51 PM
For anyone who is considering buying a bank owned home in Big Bear, be prepared to move quickly. I showed bank owned properties to some clients on Sunday and found two that we really liked. To their credit , my clients moved quickly and got their pre-approval letter on Tuesday. Unfortunately, … (0 comments)
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bank owned: Big Bear Lake Bank Owned Properties - 12/30/07 06:30 PM
I spent today showing bank owned properties to a very nice couple I have been dealing with for a few months now. I have shown them property two times before today, and nothing really struck them. Today was different. We decided to stick to bank owned properties exclusively to see if … (5 comments)
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bank owned: Big Bear Lake Real Estate And How To Get The Price You Want - 12/27/07 01:15 PM
The classic battle between buyer and seller has recently tipped in the favor of the buyer. With inventory at a 20 year high, the buyer has more leverage than ever in price negotiations for a home. The media plays into the frenzy by making buyers think they can get property for … (2 comments)
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bank owned: Big Bear Lake Real Estate Bank Owned Info - 12/24/07 01:13 PM
Want to buy an REO? Be ready to purchase it "As Is".
Bank owned properties are homes that have, for whatever reason, gone into foreclosure. Many times the homes have not been kept in the best of shape, or even been abandoned for a significant amount of time. Because of this, these … (3 comments)
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