Got Foreclosure! - Blog

OK, I’ve decided to give you an idea about how I go about identifying the BEST foreclosure properties to go after.
Why don’t we take the search that I posted in this blog post a few days ago and take it a step further.
The image below shows what happens if we narrow down the search in [...]

[Read more →]

Here is an interesting hi-end pre-foreclosure opportunity in Arcadia:
 725 Carriage House Drive, Arcadia, CA 91006 (click will open zillow.com page)

According to public records, there is only one loan on this property with a principal balance of approximately $1,950,000.
This loan is in default. A Notice Of Default has been filed, with a default amount of just over $45,000.
The [...]

[Read more →]

The map below shows properties that are currently in foreclosure in the 91006 zip code in Arcadia, CA.
A total 72 properties are shown.

44 of them are in “pre-foreclosure” (green pins)
11 are “auction opportunities” that will be sold at trustee sale shortly
The 17 remaining properties are bank-owned (REO).  The REO properties may be listed on the [...]

[Read more →]

Some segments of the Southern California real estate market are still going fairly strong.
Take for example this Beverly Hills PO property on Tower Grove Dr. (90210).
It just closed with a recorded sales price of $3,200,000
The property was listed first at just under $3,900,000, then expired and was relisted at $3,600,000. It finally sold about 20% [...]

[Read more →]