Our next foreclosed home bus tour is already filling up fast!  Don't miss out on this great opportunity!

As of this morning, Realty Trac is reporting 1564 bank owned homes and 1306 preforeclosures in the Elk Grove zip code areas (95624, 95757 and 95758), which means there are great deals out there right now!  Interest rates are low, prices are great and the market is changing again!  Don't miss your opportunity to purchase a home!                                                                                              

Whether you are a first time homebuyer, an investor or a move up buyer, The Mode & DurhaM Team's foreclosed home bus tour is for you...during the tour you will learn about the local market, the foreclosure process, what an REO is and is not, financing for foreclosed homes, the local rental market, why purchasing a home warranty for these homes may help you and much more!

We will view the interiors of 12 - 14 of the best deals in the Elk Grove/Laguna area.  We will be out searching for these deals in the week prior to the bus tour to make certain you see the very best deals out there! 

The best deals are starting to go fast.  Take a look at the comparison between last year's numbers and this year's numbers for the Elk Grove area.

April 2, 2007      95624       524 Active Listings        72 pending listings          13.70% selling

                        95757       357 Active Listings        41 pending listings          11.50% selling

                        95758       479 Activce Listings       72 pending listings          15.00% selling

April 8, 2008      95624       442 Active Listings       179 pending listings          40.50% selling

                       95757        372 Active Lstings        171 pending listings         43.25% selling

                       95758        399 Active Listings       238 pending listings          59.65% selling

As you can see the market appears to be shifting again...part of the reason is that some of the banks have gotten very aggressive on their list prices!  We are seeing homes priced unbelievably low.  One such home, hit the market last Thursday at $229,000....the last comparable sale closed in March 2008 (less than 2 weeks prior) for $260,000 - same floorplan, same lot size, etc. and an REO!               

The Mode & DurhaM Team's next FREE Foreclosure Home Bus Tour is scheduled for Saturday, April 26th from 9:00 - 1:00.  Registration begins at 8:30 at 9355 E. Stockton Blvd., #210, Elk Grove, CA 

To reserve your seat today, call (916) 405-5765 or go to www.AllElkGroveHones.com and register.  Seating is limited!

To be prequalified prior to the bus tour, call Beth Gewerth of Mason McDuffie Mortgage at (916) 730-2499.  Let Beth know you will be attending the tour!

The Mode & DurhaM Team in Elk Grove, CA

                 WWW.AllElkGroveHomes.com