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reo: REO / BANK-OWNED TOUR: LAKE LOS ANGELES, CA - JAN 10TH, 2011 (VIDEO) - 01/14/11 02:24 PM
So I was out previewing homes for a client that is looking for a fixer-upper to buy in the Lake Los Angeles area of the Antelope Valley. I had my video camera with me and though to myself: “Self, you’ve been talking about doing some stuff with video this year and there’s no time like the present!” So I recorded a video walk-through of some of the REO / Bank-owned houses for sale that I toured and have put them up here for your viewing pleasure. The videos are a bit rough, but the point comes across. I’m going to … (0 comments)
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reo: BANK-OWNED / REO: FAIR OAKS RANCH BEAUTY! - FOR SALE - 07/02/10 01:51 AM
BANK-OWNED / REO: Fair Oaks Ranch Beauty! … (1 comments)
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reo: INVESTOR'S DREAM! POSITIVE CASH-FLOW IN LANCASTER, CA - 06/14/10 02:20 AM
BANK-OWNED / REO: LANCASTER INVESTMENT WITH POSITIVE CASH-FLOW … (1 comments)
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reo: BPO AGENTS - WATCH OUT FOR SHADY INVESTORS! - 02/08/10 02:04 PM
This one is geared for the newer BPO agent that hasn't yet experienced the bottom-feeding-investor-buyer. I ran across this article on BiggerPockets written by an investor who trys to influence the BPO in his favor. Please be aware of the different tactics used out there. Go read the post and the comments ... It really is amazing to watch the thought process.
The bottom line is, don't let your opinion of value be influenced by anyone or anything that is not verifiable. Use your own comps, research and knowledge of the area. It may be tempting to use the comps the … (0 comments)
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reo: BANK-OWNED / REO: 45553 FAIRBANKS AVE, LANCASTER CA - 3BD, 2BA, 1155SQFT - 01/03/10 10:27 PM
BANK-OWNED / REO: 3BD, 2BA, 45553 FAIRBANKS AVE LANCASTER, CA … (0 comments)
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reo: DO CALIFORNIA REO BUYERS NOW HAVE MORE CONTROL? - 10/16/09 11:41 PM
This is #1 of a 9-part series highlighting new and/or updated laws as of the closing of the October 2009 legislative session affecting buyers, sellers, and real estate agents in California. Subscribe to this blog so you won't miss the rest of the series!
Assembly Bill 957 - Signed into law by Gov. Schwarzenegger on October 11, 2009 and stays in affect until January 1, 2015 is known as "The Buyer's Choice Act." Before we go into the purpose of The Buyer's Choice Act, let me give you a little of the back-story ...
The process of buying a … (5 comments)
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reo: THE ELEPHANT SPEAKS - NOTICE OF DEFAULT FILINGS UP - 04/20/09 06:58 PM
If you don’t get the reference to the elephant, please take a sec to go read my last post. Go ahead, I’ll wait … Got it? Okay!
So I did some quick research and found that according to RealtyTrac the Notice of Default filings (NODs) in Palmdale and Lancaster has been rising steadily since January. Yes, the elephant is now going to whack the ignorant upside the head!
[... Click here to read more ...]
… (5 comments)
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reo: HOME SALES ARE UP BUT WHAT ABOUT THE ELEPHANT IN THE ROOM? - 04/16/09 02:51 AM
Yes, as reported by the AV Press today, home sales in the Antelope Valley (Palmdale / Lancaster, CA) are way WAY up from last year ... here's the numbers released by the Greater Antelope Valley Association of REALTORS:
773 homes sold in March 2009 (282 in March 2008) 2111 Homes sold Jan 2009-Mar 2009 (654 sold Jan-Mar 2008) Average sales price $129,390 in March 2009 (DOWN 46% from March 2008) Average sales price $140,401 Jan-Mar 2009 (DOWN 44% from Jan-March 2008) About 2500-3000 active listings (DOWN from about 5500 Q4 2008) So what does this mean? A few things, in my … (7 comments)
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reo: BANK-OWNED / REO: 44508 15th St East #16, Lancaster, CA 93535 - 06/20/08 12:51 AM
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reo: BANK-OWNED / REO: 44723 Fern Ave, Lancaster, CA 93534 - 06/20/08 12:22 AM
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reo: I Thought this is a Buyer's Market ... ?? - 05/08/08 11:49 PM
Being an REO agent here in the Palmdale / Lancaster area I hear and see a lot of things many typical resale agents don't. Every day. Some days, just when you think you've heard everything, you realize that you can't fix stupid.
I have been noticing that many banks are finally getting it ... don't overprice your assets. List low, receive multiple offers. At least here in the Antelope Valley. We are about the lowest-priced market in Los Angeles County. Even at the height of the market a buyer wouldn't find a better value for their dollar. Now you can pick … (7 comments)
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reo: Just Accept It! - 06/15/07 02:28 AM
I promised a blog about the second clarification request last week in my post If You Don't Want My Opinion Don't Pay me For It! Well, here it is ...
After the marathon with Mr QC on the last one I was ticked. You don't get paid enough for these things in the first place and when you waste another couple hours arguing about your opinion you might as well pay them.
So I ignored them. Yes, I used Rich Kruse's Silly Buyer Technique and let them stew. I went on to the next one and let their request sit in my … (3 comments)
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reo: If you don't want my opinion, don't pay me for it! - 06/07/07 09:35 PM
An alternative title could be ... "BPO? We don't want your stinkin' BPO!"
I've been doing for-fee BPOs only since about March. I've done quite a few since my service area covers Palmdale, Lancaster, Santa Clarita, and the San Fernando Valley. I haven't had one "Clarification Request" in probably 100 or so of these things. Until today. Today I got two!
They were both from the same company and by the wording in the requests, most likely from the same QC person. I actually had a feeling that these particular BPOs would get tagged. Maybe it was the lack of comps. Maybe it … (10 comments)
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James Malanowski - REO Broker - Palmdale, Lancaster, Rosamond, CA
Palmdale,
CA
More about me…
theJEMgroup.com (DRE #01373117)
Address: Palmdale, CA, 93551
Office Phone: (661) 285-5975
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