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big bear foreclosures: Big Bear Lake REO Blog - 05/25/10 07:43 PM
Today I am speaking about Fannie Mae bank owned homes and how they differ from other REO"s in Big Bear Lake Ca. If you have any questions on Big Bear real estate, please contact me at izzy@thetimwoodgroup.com .
http://www.youtube.com/watch?v=fVUyDym03OQ
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big bear foreclosures: Bank Owned Checklist - 06/02/09 04:02 PM
Recently, it seems like every time a good bank owned property comes on the market, it is like blood in the water with four, five or more offers coming in. If you want to have a chance at snagging one of these good deals away from the other sharks, you need to come prepared. I have prepared a sort list of things you need to have ready in order to write the best offer possible.
1. Make sure you are preapproved and have your letter with you. This will let you know what you can afford and also let's the selling … (0 comments)
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big bear foreclosures: Big Bear Bank Owned Info - 02/09/09 12:22 PM
Originally Posted at www.bigbearilluminated.com
I just thought some folks would be interested in an update on what is going on with bank owned property in Big Bear Lake. Like every where else, Big Bear definitely has it's share of foreclosure woes and their impact on the market. But, not as bad as you might think. With some areas of San Bernardino County having as much as 50% of the listings being bank owned, we are not doing so bad at all. As a matter of fact, bank owned properties make up less than 10% of the listings in Big Bear. … (0 comments)
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big bear foreclosures: Listen To Your Realtor, Or At Least Pretend To - 01/27/09 11:39 AM
Originally Posted At www.bigbearilluminated.com
No doubt about it, today's buyers are a savvy lot. They most likely have been looking at properties online for several months, if not a year. They have looked and tracked homes they are interested in on a daily basis. By the time they take the step of finding a Realtor, they feel like they are somewhat of an authority on the homes they are interested in and the market in general. They probably know the list prices of every house in the neighborhood they want to buy in. They most likely have already formulated a plan … (1 comments)
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big bear foreclosures: Awesome Big Bear REO - 12/09/08 11:36 AM
Originally Posted At www.bigbearilluminated.com
This bank owned home, at 1110 Mountain Lane, is located in The Pinewood Estates neighborhood in Big Bear City. This home is in extremely good condition, unlike many of the REO properties on the market today. It boasts new paint and carpet as well as a wide open, appealing floor plan. Built in 1996, this home is modern and comfortable. It is also remarkably well located. Both ski slopes are only five minutes or so away, yet the home is just far enough off the main roads to not be bothered by the tourist traffic on busy weekends.
The home … (0 comments)
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big bear foreclosures: Awesome Big Bear REO - 12/09/08 11:33 AM
Originally Posted At www.bigbearilluminated.com
This bank owned home is located at 1110 Mountain Lane is located in The Pinewood Estates neighborhood in Big Bear City. This home is in extremely good condition, unlike many of the REO properties on the market today. It boasts new paint and carpet as well as a wide open, appealing floor plan. Built in 1996, this home is modern and comfortable. It is also remarkably well located. Both ski slopes are only five minutes or so away, yet the home is just far enough off the main roads to not be bothered by the tourist traffic on busy weekends.
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big bear foreclosures: Bank Owned Texas Hold Em - 11/03/08 12:08 PM
Originally Posted At www.bigbearilluminated.com
Lately I have been writing up ton's of bank owned properties. Good news, right? Well, it is and it isn't. I am grateful to be busy and have clients who want to buy property. The problem is, there always seem to be other agents with other clients who like the same properties we do. The last five times that I have written up an REO, there have been multiple offers. As you know, banks don't typically make counter offers in a multiple offer situation. They send out a little addendum which basically says " Make your … (0 comments)
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big bear foreclosures: Unfinished REO's - 10/07/08 11:26 AM
I just closed escrow a few days ago on an unfinished bank owned property, and let me tell you, it was very difficult. With the market in upheaval the way it is, getting a perfect house funded can be challenging. If the home in question is an unfinished bank owned home, get ready for an uphill battle.
When I say unfinished, I don't mean it was never finaled. The home was finaled and completed, but a water pipe broke and flooded the whole downstairs. Insurance paid and a contractor was hired to do the repairs. Unfortunately, the home went into default … (0 comments)
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big bear foreclosures: Bank Owned Showdown - 09/15/08 12:33 PM
When dealing with a bank in a foreclosure situation, you never know what you are going to get. Sometimes the bank is just happy to get the property off of their books and are extremely easy to deal with. Other times, not so much. I recently wrote a blog about how a certain bank was being a real pain in the you know what over a property my clients wanted to buy.
My clients put their first offer in a couple of months ago and the bank refused to even negotiate. We decided to wait another month and try again. sure enough, … (0 comments)
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big bear foreclosures: Different Banks, Different Rules - 08/07/08 02:46 PM
Originally Posted At www.bigbearilluminated.com
Like most Realtors today, I have been dealing with quite a few bank owned properties. Like conventional listings, they come in all shapes, sizes, and conditions. Some banks price them to move, others not so much. For every REO I see that is a great buy, I see another that is only so so. Some banks respond to an offer right away, some take a long time. Some banks will negotiate with other, while others will not budge.
For instance, a few weeks ago I had some clients who made an offer on a bank owned home … (10 comments)
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big bear foreclosures: Big Bear Bank Owned Sale - 05/25/08 01:22 PM
Originally posted at www.bigbearilluminated.com
This is a bank owned property I just closed escrow on this Friday. This home had suffered around 80k in fire damage last year. I did the comps and determined that this home would probably sell between 480k and 520k, if it was rehabbed. The home was priced at $229,000. My client started out at $200k with no contingencies, a 10 day escrow, and all cash. It turns out several other buyers liked it as well. The bank countered back with best and final on all offers. I told my client if he really wanted this … (4 comments)
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big bear foreclosures: Izzy and Joe's Big Bear REO Adventure - 03/17/08 03:05 PM
Earlier today, my coworker Joe was looking at RealtyTrac and commented on the difference between the number of REO's listed on the site and the number actually listed on our MLS. Typically, it takes a little while for the homes to show up on the MLS after they are foreclosed on. We talked about it and decided it would be a good idea to get out and look at them before they came on the market. Sometimes a potential buyer will look at an REO site and contact us about a property that isn't on the market yet. In some instances, … (1 comments)
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Israel Barden
Big Bear Lake,
CA
More about me…
RE/MAX Big Bear Village
Address: P.O. Box 6820, 626 Pine Knot Ave, Big Bear Lake, CA, 92315
Office Phone: (909) 273-8980
Cell Phone: isrisrisra
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