bank owned

Today I came across a recent study on foreclosure sales and house prices by an MIT economist and two Harvard researchers. MIT just issued a press release so the study is now making headlines. The researchers looked at 1.8 Million transactions over the last 20 years and came to the conclusion that homes sold after [...]

On average, a foreclosure reduces the value of a house by 27%, says a new paper from an economist at the Massachusetts Institute of Technology and researchers at Harvard University. In the study, which is due for publication in the American Economic Review, MIT economist Parag Pathak and Harvard researchers John Y. Campbell and Stefano [...]

The answer is YES. Don’t think it’s OK to foreclose. It’s not OK to think you’ll just let the house go; just mail in the keys and then file bankruptcy and you’ll be protected. WHAT R U THINKING??? Everyone needs to be accountable and responsible. Trust me; I’ve seen it all. If you have to [...]

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 [...]

 “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 [...]

Government-owned mortgage-finance titan Fannie Mae announced last week it would lock out borrowers from getting a new loan for seven years if they default on a mortgage they could afford to pay. The move represents the latest effort by the mortgage industry to prevent a new wave of losses that could result if more borrowers [...]

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 [...]

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 [...]