Got Foreclosure! - Blog

Hardly a day goes by without people asking me the question: “How can I do what you do? - Can you teach me how to be successful investing in foreclosures?”
Often this question is followed by the remark: “…and by the way my credit is poor and I don’t have any money.”
OK, so I’ve been reluctant […]

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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 […]

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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 […]

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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 […]

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The reality of the foreclosure tsunami is slowly hitting home even with lenders and sellers. The constant pounding of the media is doing its thing. Eroding confidence in home prices is the first step to letting the market drop to where buyers might be willing to step up to the plate (if they can still […]

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