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Wouldn't you be embarrassed to overpay by $100,000? Only fools buy houses without knowing neighborhood values. Don't be a fool. Don't suffer the pain of an underwater mortgage. The surest way to lose your house is to overpay for it. Our reports identify overvalued and undervalued neighborhoods. Use it to broaden or narrow your search area. Savvy buyers work with us to find bargains. We've saved thousands from financial ruin. Let us save you too. If you want peace of mind while shopping for your next home, sign up for our monthly market newsletter.
Wouldn't you be embarrassed to overpay by $100,000? Only fools buy houses without knowing neighborhood values. Don't be a fool. Don't suffer the pain of an underwater mortgage. The surest way to lose your house is to overpay for it. Our reports identify overvalued and undervalued neighborhoods. Use it to broaden or narrow your search area. Savvy buyers work with us to find bargains. We've saved thousands from financial ruin. Let us save you too. If you want peace of mind while shopping for your next home, sign up for our monthly market newsletter.
Foreclosure Deals
Gain a competitive advantage over other buyers. By locating distressed properties -- before they hit the MLS -- you can discover where tomorrow's REOs and short sales will appear. Most of these properties are not listed on the MLS, but they will be soon. Research properties in advance and get a jump on your competition. Don't miss out on another deal because you couldn't act quickly. Use this tool to your advantage!The red properties are already bank owned. As soon as REO asset managers prepare them for sale, they will be on the MLS. Get ready!
The green and blue properties have owners who are not paying their mortgages. They may be offered as short sales, or they may go through foreclosure and become REO. Either way, they will also likely be available on the MLS soon. Find your next home!
Be prepared to offer on these properties by researching them in advance or risk losing out to buyers who are have done their homework. Start your research today!
To find distressed properties, enter your desired location and press search. Scroll through list by pressing "next."
16784 OLIVE St Fountain Valley, CA 92708
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1500 West WEST Ave Fullerton, CA 92833
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Restricting inventory continues to work well for the banks.
Nine Out of 10 ‘Turnaround Towns’ Located West: NAR
The West is leading the nation’s housing recovery, according to a recent study from the National Association of Realtors’ Realtor.com.
When identifying the “Top 10 Turnaround Towns” for the third quarter of 2012, the association found nine of the top 10 are located in the West, and seven are located in California.
NAR considered changes in median list price, median age of inventory, size of inventory, and unemployment rate when determining the Top 10 Turnaround Towns.
The Top Turnaround Town in the third quarter was Oakland, California, up from the No. 2 spot in the second quarter. This is the first time Oakland has taken the lead.
The No. 2, 3, and 4 spots were also taken by California metros: Sacramento, San Jose, and San Francisco, respectively.
Seattle-Bellevue-Everett, Washington took the No. 5 spot with a 13 percent year-over-year rise in prices and reductions in inventory and age of inventory.
The bottom of the Top 10 list was rounded out by Bakersfield, California; Phoenix-Mesa, Arizona; Fresno, California; and the one metro outside the Western region, Miami.
Miami slipped from the No. 3 spot in the second quarter to the No. 10 spot in the third quarter.
Median listing prices in Miami increased 14.57 percent from the third quarter 2011 to the third quarter 2012. At the same time, inventory in Miami dropped 22.37 percent.
House flipping is increasing in Miami, contributing to its recovery. The number of houses flipped in the first half of this year is up 25 percent over the first half of last year.
The average profit for individual house flipping in Miami is $38,943, according to NAR’s research.
While foreclosures are falling in most of the Top 10 Turnaround Towns identified by Realtor.com, Miami continues to see high foreclosure rates, with one in every 229 homes facing foreclosure in Miami-Dade County in September.
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