bank owned

If we look at SHADOW INVENTORY for Southern California we will find over 160,000 properties!  These are homes that either have a notice of default filed (missed at least 3 mortgage payments), are scheduled for auction (the next step from NOD), and are bank owned. 
What incentive do you have if the value of the home [...]

 “Depressed home prices were originally thought to be a 3 to 5 year problem. Unfortunately for many owners, builders, investors, and speculators, it’s beginning to look like a 25-year problem.”
The housing market, whose collapse pulled the economy into recession in late 2007, is stalling again! In major markets across the country, home sales are deteriorating, [...]

Irvine Bank Owned, Hotel Style Living $359,000  

1 bedroom 1 bath Condo located on the second floor of Avenue One.  Spacious open living room/dining area with a balcony, perfect for an added outside space.  Great kitchen with new cabinets and granite counter tops that add a rich feel to the condo!  All the amenities you could [...]

Buying an Irvine bank owend property, can you benefit from it?
While foreclosed properties are obviously bad news for the people who are threatened with losing their properties, they are on the other hand a definite boon to real estate investors. The question that this brings up however is how exactly does one benefit from [...]