Are REO Investment Properties Right for You?

REO Investment Properties

If you are getting involved with real estate in Mammoth Lakes you may have heard the term REO without really knowing what it refers to and how it could play a part in your current an/or future real estate investments. REO is actually just an acronym that stands for real estate owned by the bank. REOs are becoming more and more popular with the increase of foreclosures due to homeowners not being able to make their mortgage payments. This is unfortunate for some, but by result, you can really … [Read more...]

Buying Bank Owned Foreclosed Properties In Mammoth Lakes

Bank Owned Foreclosed Properties

You’ll find there are some people who tout the benefits and advantages of buying bank owned properties that have gone through the foreclosure process. Often, those homes are offered up for auction to the highest bidder and there are some really good deals to be had at that point. When these properties are not purchased at auction, they are assigned to a local real estate agent to be managed and sold on the open market. There are some very important pieces of information you should have before … [Read more...]

Working the Foreclosure Market to Find Your Perfect Home

The Foreclosure Market

The market is being bombarded weekly with new foreclosures in every area in the USA, including Mammoth Lakes, California. How can you find them? Simple, contact your local foreclosure agent in your area and ask them to send you daily listings that meet your criteria, don’t be vague, be as detailed as possible and within a realistic price range. In other words if you qualify for a $350,000 loan don’t focus on $1,000,000 custom homes, odds are you will never get an offer accepted. Also be specific … [Read more...]

Affordable Mammoth Lakes Real Estate Popular For Those Seeking Getaways

Affordable Mammoth Lakes Real Estate

[Mammoth Lakes, CA] - November 26, 2011 - Those looking for hot real estate deals in California often want to find a place to escape from the daily grind of big city life and when it comes to popular destinations, Mammoth Lakes has certainly made a name for itself. With snow based activities to offer in the winter and plenty of natural beauty to enjoy during the rest of the four seasons, this is one California's hot spots that goes further than most to offer a remarkable experience for guests. … [Read more...]

3 Keys To Foreclosure Investing in Mammoth Lakes

Foreclosure Investing

If you are interested in a way to get involved in Mammoth real estate you could look into foreclosure investing. Investing in foreclosures is not like the typical real estate transaction between buyer and seller, there are specific details, that as a buyer, you must be aware of. By learning the ins and outs of foreclosure investing, will help you make the best judgments when looking for a piece of real estate in Mammoth Lakes to purchase. The first thing that you need when investing in … [Read more...]

Common Foreclosure Terms and Definitions

Foreclosure Terms

Talking about foreclosure real estate can be hard enough without even entering the market. That's because foreclosures tend to have a language of their own, employing many obscure words originating in government housing legislation and real estate law. Without a background in these areas, prospective investors and buyers will not be able to decipher even the simplest foreclosure contract. This article lists some of the more common foreclosure terms as a reference for people interested in this … [Read more...]

Why Buy An REO Property?

Why Buy An REO Property

An REO property is real estate owned by the bank, and many investors consider an REO property to be money just waiting to happen. An REO is different from a foreclosure property in that the bank has already tried to sell it at a foreclosure auction and has had no luck getting bids. Because the property was not bid on, the bank then became the owner of the property. Naturally, the bank does not want to keep the REO property any longer than possible, and this makes it a great opportunity for an … [Read more...]

California And Eastern Sierra Communities Seeing Surge In Foreclosures

Eastern Sierra Communities Seeing Surge in Foreclosures

[Mammoth Lakes, CA] - September 19, 2011 - The Western region of the United States is being hit hard by another round of foreclosures, something many housing industry experts expected. This time around, 4 out of 5 Western states are experiencing a rise in foreclosures, but California is experiencing the greatest impact. Reports show that foreclosure starts in California alone are up by 70%, quite a surge and one that is being heralded as a prime opportunity for those looking for a second home. … [Read more...]

Foreclosure Opportunities and Buying Bank Owned Properties

Foreclosure Opportunities

Where do most investors turn to when they seek bank owned properties and foreclosure opportunities? Sure, they take a look at free foreclosure listings or may even pay for sources of foreclosure listings in their target area. While these sources may lead to productive and profitable deals, they also require extensive research and knowledge of the market in order for an investor to tap into these foreclosure opportunities. What other options do investors have? Well, in today’s market, more and … [Read more...]

Foreclosure Market Trends for Mammoth Lakes and the Eastern Sierra

Foreclosures Market Trends Mammoth Lakes

The following foreclosure market trends reports are provided by RealtyTrac, and provide relevant content and information on foreclosure activity in California and the Eastern Sierra. Highlighted are a 6 month California foreclosure trend chart and data comparing National, California, and Mono County foreclosures. There are also recent articles in reference to foreclosures and bank owned properties, as well as a handful of current properties in Mono County that are either pre-foreclosure, … [Read more...]

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