Burbank Realtor, Lupe Soto, Bank owned Properties, Foreclosure Specialist 818-968-3718
Buy Now, says Foreclosure Expert
Now's the time to pick up properties at fire sale prices, says Ralph R. Roberts, author of Foreclosure Investing for Dummies and Flipping Houses for Dummies.
"Properties could double in value over the next 10 years. But you have to be willing to go in, buy them, and hang on for the longer term," he advises.
Attention Foreclosures Buyers, remember....profitable investing in foreclosures requires exhaustive records searches in advance.
Buyers of foreclosures should create a file that contains a range of property information that will establish what the property is worth and help avoid bureaucratic snafus. Here is his list of must-have information:
- A copy of the foreclosure notice, or notice of default;
- Title commitment and a 24-month history in the chain of title or the last two recorded documents
- Deed with the current homeowners' names.
- Last recorded first mortgage, so you know how much the current homeowners owe.
- Documentation of all liens against the property, including property tax liens.
- Map showing the location of the property.
- Exterior home inspection (with photos and videos), plus neighborhood photos.
- City worksheet on the property showing all repairs, inspection reports and other information.
- MLS data showing how much comparable homes are selling for in the area;
- Tax bills.
- SEV (standard equalized value) of the property, on which property taxes are based.
- Any notes documenting conversations with neighbors.
Source: ThinkGlink.com, Ilyce Glink (03/07/2008)
It is highly recommended that you contact a local Realtor to represent you in the purchase of foreclosures or bank owned property. Why it is important to hire a Buyer's Agent.
Lupe Soto, Burbank Realtor, Bank Owned & Foreclosure Property Specialistis available to assist you. I serve the areas of: Burbank, Toluca Lake, Sheman Oaks, Studio City, and all areas in San Fernando Valley, Los Angeles County. Please contact Lupe at 818 968 3718 or via email if you prefer at: sotolupe@charter.net
BURBANK & SFV BANK OWNED PROPERTIES & FORECLOSURES
BUYERS EXCLUSIVE AGENCY
SIX SIGNS FOR BUYERS IT IS TIME TO BUY
WHY DO BUSINESS IN BURBANK CA
BURBANK CA - THE MEDIA CAPITAL OF THE WORLD
BURBANK NEW CONSTRUCTION SPECIALIST
HOW TO BUY A PROPERTY WITH GOOD FENG SHUI
FIND A HOUSE VALUE INSTANTLY! IT IS FREE, NO REGISTRATION REQUIRED
FREE UNLIMITED ACCESS TO ALL PROPERTIES AVAILABLE FOR SALE
LUPE SOTO HABLA ESPANOL PERFECTAMENTE
"We understand that you may be in the information-gathering stage and may not be ready to open up about who you are or your real estate needs at this time. If you are not comfortable providing all your contact information that is perfectly OK. Just enter your e-mail address so we can send you the material you requested. Please let me inform you that I am serious about working with you when you are ready, thank you for your consideration. I do appreciate your feedback and request for more information. I welcome more questions. Lupe 818 968 3718 or sotolupe@charter.net "
EASY CONTACT FOR FREE INFORMATION
"Please be assured that your privacy will be kept sacred and your information will never be shared with any third party."
==============================================================================
Contact Lupe Soto, Licensed Realtor® in California is a member California Assoc of Realtors CAR, National Association of Realtors NAR, Bilingual Realtor & Member of NAHREP (National Assoc Hispanic RE Professionals, Feng Shui Lover & Follower, I am available to help you list your property for sale, to purchase a property or to help you relocate to Burbank CA, San Fernando Valley, Santa Clarita Valley, Antelope Valleyor any area in Los Angeles County in California , whether you are considering to buy a small condominium, a horse property in Burbank Equestrian District, new construction home/condo , Burbank Estates, Pool Homes, Leasing Services, Land Agent. I thank you and welcome your referrals!
Visit my profile to find out more about my services. Call me today at 818-968-3718 or contact me by email if you prefer to: sotolupe@charter.net
I know Burbank CA, San Fernando Valley, Santa Clarita Valley & Antelope Valley very well and will help determine a realistic sales price & get your home sold in 60 days or less.
P.S. If you are listing your home as a short sale in Los Angeles County, make sure you hire an agent who knows how to do short sales and has the experience to get the job done. I am doing successful short sale packages. Call me at 818-968-3718 to find out more
Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. Burbank Real Estate Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Burbank Real Estate Blog represent the opinions and ideas of the author(s). Burbank Real Estate Blog does not express the views of Burbank in Action Realty or those of the broker.
;)
;)
Hi, Lupe - This is a great time for investor buyers (or any buyers for that matter) to get into the market - returns won't be overnight but with a little patience they will make out very well.
Buyers should get into buying mode before prices start to swing up - Sellers will be less flexible when the market starts to markedly improve.