Recent content by capocorso_IHB

What a difference a couple of weeks makes. Now there are three homes in my target neighborhood that have all dropped their price below the FC of 610. One has dropped all the way to 560. Of course none of them have sold. This is falling apart faster and bigger than I had first thought. I...

I am finally seeing some foreclosures selling in north LA county (Valencia area) where I am eventually going to buy. My question is that even after these homes sell there is not a lot of drastic movement by the other properties. Example: FC sold for 610,000, home three doors down and the exact...

<p>This has now become comical. Now the bank, one week after relisting at a higher price, has taken the property back off the market.</p> <p>I hope the bank chases prices down and lose everything. Although I am anxious for something to sell to at least give me an idea of what homes are...

So are you all saying making lowball offers to banks a year from now is pretty much not going to be the way to go? Call me a wuss but I figured it would be easier low balling banks than homeowners.

<p>I posted this house I have been tracking for a few months a while back. The bank had lowered the price from 685 down to 640 over about an 7 month period. About two weeks ago they took it off the market. Today, 213 days after it's initial listing, they relist the property and raise the...

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Thanks, Just found that on the terms: " <p align="left">All Properties have a Reserve Price, meaning the Seller of each Property has</p> <p align="left">established an unpublished, minimum selling price. The starting bid is not the Reserve Price. In</p> <p align="left">order to become...

I've just been reading that website. Do the lenders have the ability to refuse final bids? or does the highest bid take the house no matter what?

Thanks guys, Not ready to start bidding yet, just want to watch to see what happens to this house. Maybe in about 6 months to a year.

<p>I read today about the 100 or so homes being auctioned in OC. Anyone know where these auctions are advertised for OC and LA county?</p> <p>There is a home I have been watching for 6 months now that is REO and just got pulled off the market in LA county, I'm sure it will show up at one of...

No, I agree they would be more than happy to show the home if I did not have an agent, but if I say I am working with Redfin or some other discount broker I have read several items which suggest that agents will not do it.

<p>I have been considering Redfin, I am just a little leary of having to call the sellers agent to see the home. From what I have read they are not to big on doing it.</p> <p>I am also considering using a friend, but I really do not want to feel pressured to up my low ball offers or be in any...

<p>I think if the house sold it would show up on the status list as "back up offers accepted" correct?</p> <p>I was also wondering if they were taking it off the mls and trying to sell it in a foreclosure auction. Anyone know where there is a listing for foreclosure auctions in LA county?</p>

<p>As I mentioned before I am starting to closely watch FC homes. I recently posted a listing I have been watching in Santa Clarita that had been on the market over 6 months. It had been through two price reductions and was listed at about 80,000 less than it's last 07 sales price.</p>...

Perfect, Thanks