Got Foreclosure! - Blog

Here’s the latest from the doom-and-gloom media:
Analysts think the market will fall another 10-15%
So what? - If you can buy 30% below CURRENT Appraisal NOW?
There are two issues with the media’s approach as I see it:
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Fantastic Rental Or First-Time Buyer Home
GotForeclosure.com has negotiated a bottom-basement price with the banks.
Call now to lock in this deal (626-232-6773):
13119 Beaver St, Sylmar, CA 91342 (click for map)
3 bedroom, 2 bath, 1360 sf, 9310 sf lot, Pool!!!

Assessed Value: $540,600
Recent Sold Comps (last 3 months): $410,000; $369,000; $456,000
Our Price: $279,000 (Listed at $309,000)
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…picking the area and the segment of the real estate market that’s hot and healthy can save you a lot of headaches.
And by the way: Sometimes a really good deal can come from a seller who is NOT in Foreclosure!
The wholesale deal of the week is a piece of luxury real estate in top condition. [...]

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If you’ve read the latest figures of median home
price declines you are bound to draw the wrong
conclusions. Because media writers have no clue,
the statistics are in serious need of interpretation,
and the main stream press is trained to deliver
bad news because that’s what sells.
Need proof? Go read some of the comments that
are on mainstream real estate [...]

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The seller has agreed to drop the price on this fixer on 102nd St in Los Angeles even further. It’s a heavy fixer, but there are sold comps for $341,000 and $440,000… Our new price is $139,000
 Email ASAP: tom.b@GotForeclosure.com 
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