Real estate blog entries tagged with reo by Joe Pecoraro , Realtor-Big Bear Lake Ca (Coldwell Banker, Mountain Gallery Realtors)

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reo: 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 … (2 comments)

reo: 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 … (9 comments)

reo: 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 … (2 comments)

reo: 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. … (0 comments)

reo: 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 … (0 comments)

reo: 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 … (0 comments)

reo: 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 … (0 comments)

reo: 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 … (0 comments)

reo: 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 … (0 comments)

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