bank owned: Top Three Bank Owned Deals In Big Bear 2/8/09 - 02/08/09 02:52 PM
-Joe Pecoraro
Since two of the last three bank owned deals I wrote about are currently in escrow,I figured it was a good time to pick three others to share. Just like last time, these cabins are all priced to sell. In today's market aggressive pricing is the name of the game, if it is not priced right it won't sell.
This weeks top Bank Owned Deals
42584 JUNIPER- For such a great street in the Fox Farm area, Juniper Drive is sure getting it's share of Bank Owned properties. We had a Juniper property on the last list as well. … (0 comments)
|
bank owned: Top Three Bank Owned Deals in Big Bear 1/18/09-1/24/08 - 01/19/09 11:30 AM
Looking for a good deal on a property in the mountains. Here are three that you should consider taking a look at. All three are bank owned and priced well. Whether you are trying to get close to the lake or looking for a little get away cabin in the woods, chances are there is a bank owned property out there for you. These three listings are all in different parts of Big Bear Valley but they all have one thing in common, aggressive pricing.
This weeks top Bank Owned Deals
42652 JUNIPER DRIVE-Located in one of Big Bear's nicest areas, … (0 comments)
|
bank owned: Be First and Be Prepared - 01/09/09 05:00 PM
If you are one of the many buyers waiting for a good deal on a bank owned property in Big Bear, you probably know by now that you have to be quick with your offer to have a chance.Many times a property will get multiple offers the first couple days on the market. If you think it is a deal, so do 100 other buyers waiting for such a opportunity. So what can youdo to give yourself a better chance? Be prepared and know what the banks are requiring these days before they even look at your offer.
Most buyers and … (0 comments)
|
bank owned: Five Great Bank Owned Properties In Big Bear - 10/04/08 12:59 PM
By Joe Pecoraro
Looking for a nice property at a great price? Here are five Bank Owned Properties in Big Bear that you will definitely want to take a look at. All five of these properties stand apart form other listings currently on the market for a variety of reasons. It is a combination of price, neighborhood and potential that make these my top five Bank Owned Properties in Big Bear.
So in no particular order here we go....
574 Pinewood- This centrally located sierra style cabin sits on a 8200 Sq. Ft. flat lot in a nice part of Big Bear … (0 comments)
|
bank owned: Five Unique Bank Owned Properties In Big Bear - 04/17/08 03:59 PM
Originally posted on Big Bear Real Estate Blog
Bank Owned Properties are coming onto the market at a pretty steady pace in Big Bear Valley. While many people would consider any home in the mountains special, there are five REO properties currently on the market have an attribute(s) that seperate them from the rest.
39380 North Shore Uniqueness Factor=Possible lot split/Three Units Located across the street from the lake with beautiful views. This Fawnskin property offers a very unique opportunity. Sitting on over half an acre with three units and a over sized detached two car garage, you will be hard … (2 comments)
|
bank owned: FIRST QUARTER 2008-BIG BEAR VALLEY MLS REO MARKET UPDATE - 04/02/08 07:35 PM
Origninally Posted on the Big Bear REO Blog.
REO's are rapidly coming on to the market in Big Bear. The local MLS is averaging close to three new bank owned listings a week. With the amount of properties already in default, this trend is likely to continue.
LOCATIONS AND PRICES
REO's are now scattered all over Big Bear Valley. 33 new REO's have been listed since the first of the year. There are currently 29 REO properties available in Big Bear
The majority are on the eastern side of the valley, namely Sugarloaf and Big Bear City.
Bank Owned … (0 comments)
|
bank owned: Myths About Big Bear REOs - 03/14/08 04:38 PM
Originally Posted on the Big Bear REO Blog.
With all the foreclosures happening around the country, REOs have become the hot topic of real estate conversations.
Listing agents want to know how they can get them in their inventory, buyers want to find one to buy for cents on the dollar, and neighbors are complaining about how they are bring down the prices on their street.
There is even talk that REOs can solve the JFK assassination or prove global warming. So what's with all this REO talk? Are they really all they are cracked up to be? Lets take a look … (2 comments)
|
bank owned: Bank owned, Reo activity. - 01/12/08 02:23 PM
Yesterday while looking at my local MLX's activity sheet I noticed the one escrow opened for the day was on a bank owned property. I knew that the price was pretty good, so I wasn't very surprised.
Right before I left my office last night I looked one more time at the "hot sheet". Still only one escrow opened for the day, which like I said was on an REO. Then I noticed we had one sale close for the day, and low and behold it was on an REO property as well.
So this morning I get to the office grab some coffee and pull … (9 comments)
|
bank owned: Big Bear Lakefront REO property turns into great buy . - 01/12/08 01:40 PM
Originally posted on the Big Bear REO Blog.
Everyone is hearing about how great of a deal a bank owned property can be. There is a misconception that these REOs are all run down, neglected properties. Well this isn't always the case. In fact sometimes a great property is foreclosed on and becomes available as a bank owned.
This lakefront property in Big Bear Lake is one of those unique properties. This home went into foreclosure and came on the market as an REO during the summer of 2007. The bank first priced the property at $1.825 Million which was close to … (2 comments)
|
bank owned: Big Bear Foreclosed properties and the broken "TDS Disclosure chain" - 01/10/08 06:00 PM
Originally posted on the Big Bear REO Blog.
During a Real Estate transaction buyers are bombarded with Disclosure after Disclosure to read and sign. While all the Disclosures are imprortant for different reasons, some seem unnecessary to buyers. Often times buyers even question why something so obvious has to be put down on paper. Obviously most of the forms are to protect the parties of the transaction and none more so than the three page Transfer Disclosure Statement, commonly referred to as the TDS.
Agent Section of TDS
California law requires a TDS to be part of all transactions involving 1-4 residential units. Although the … (2 comments)
|
bank owned: Big Bear Reo Market Update (12/18/07-1/2/08) - 01/02/08 06:32 PM
Originally posted on the Big Bear REO Blog.
***In an effort to keep you all up to date on Big Bear Bank owned properties, we will be giving you updates approx. every two weeks.****
Since our last update on 12-17-07 there has been a lot of action in the Big Bear Banked Owned Properties. The fact that these REO properties are becoming a larger and larger part of the local Big Bear Real Estate Market can no longer be denied.
New REO Listings
We have seven new REO properties come on the market since December 17th. There are now 24 available REO listings on the … (0 comments)
|
bank owned: Market is Heating Up For Bank Owned Real Estate in Big Bear Lake - 12/29/07 04:41 PM
Originally posted on the Big Bear REO Blog.
***In an effort to keep you all up to date on Big Bear Bank owned properties, we will be giving you updates approx. every two weeks.****
During the past two weeks we have seen two bank owned properties in Big Bear go into Escrow. We featured one of the properties on this blog back on December 10th. Do you remember the Property that was listed 30% below the previous sale? Well a smart buyer saw the value and made a successful offer on the property. It is now in Escrow and we will keep you … (0 comments)
|
bank owned: Emotionless Sellers Are A Great Reason to buy a Bank Owned Property in Big Bear Lake. - 12/29/07 04:40 PM
Originally posted on the Big Bear REO Blog.
Anybody who has purchased a home knows how stressful it can be and how much more stressful when the other party in the transaction seems to be fighting the sale as much as pushing for it.
There can be many elements of a real estate deal that upset the seller. Low ball offers and multiple counter offers are two of them. It can even turn into an "Us vs.Them" competition with the sellers letting their emotions and ego's cloud their judgement.
What if you could take all the emotion away from the seller? Would … (0 comments)
|
bank owned: Big Bear Bank Error Saves You $37,500! - 12/29/07 04:37 PM
Originally posted on the Big Bear Reo Blog
Everyone has played Monopoly, right? Remember when you got a card stating the bank had made a mistake and you received money you otherwise wouldn't have? Well this bank owned property is like a Community Card in real life....
Listing Price= $537,500
Previous Purchase Price= $639,000
Previous Purchase Date= 9-28-06
This property was foreclosed on after being on the market for six months.
The previous distressed owner did the right thing and tried to limit his losses by listing the home and asking his Lender for a "short-sale". Now, by definition a "short-sale" is a transaction … (0 comments)
|
bank owned: Bank Owned in Big Bear and Listed 30% below Previous Sale! - 12/29/07 04:34 PM
Why are REO's attractive to buyers? Where else can you find seller's willing to list their property over 30% below what they paid less than two years ago? This cabin, close to the National Forest and the Ski Slopes is priced at exactly that.
Listing Price $361,900
Previous Purchase Price $519,000
Previous Purchase Date 1-17-06
This property is in the Big Bear Lake Central area of the Big Bear Valley. It has a very nice setting close to the National Forest and only a few roads away from Snow Summit Ski Resort. This is a very good example of someone that bought a property they … (0 comments)
|
bank owned: What exactly is an REO Property? - 12/29/07 04:27 PM
Originally posted on Big Bear REO Blog
An REO property is simply a Bank or Lender owned property. The term REO is an acronym for "Real Estate Owned" which banks use to describe a property that has already gone through the foreclosure process but did not sell at a Trustee's Sale.
There can be many reasons a home didn't sell at the Trustee Sale but the most common reason is that the property is no longer worth what is owed to the lender.
Therefore, a buyer looking for a deal would not be interested in satisfying the debt including the late charges and … (0 comments)
|
;)
;)
