Archive for May, 2008

Top Secret: Getting killer real estate deals

Thursday, May 29th, 2008

Depending on your area, many times it is not that hard to find a great real estate deal. In some areas you’ll see 20 to 50 percent as distressed sales. Even with this type of market, there tends to be an elite class of properties that stand out ...

Orange County REO and Foreclosure

Tuesday, May 27th, 2008

Recent Orange County distressed sales. Orange County NOD Orange County NTS update May 27, 2008 New List posted and Update for June (click here)

Hawaii Banked Owned Properties

Tuesday, May 27th, 2008

Address Condo Project Bd/Ba Tenure List Price Zestimate 2023 Ahuula St SF 4/3 FS $425,550               $647,500 1778 Ala Moana Blvd. #1004 Discovery Bay 2/2 LH $391,500 $400,000 2145 Palolo Ave SF 4/2 FS $590,000 $717,000 54-177 Kawaeku St SF 3/2 FS $549,900 $763,000 57-120 Lalo Kuilima Way #7B Kuilima Estates East 1/2 LH $275,500 $340,000 84-937 Hanalei St SF 6/3 FS $419,900 $420,000 85-175 Farrington Hwy  C430 Makaha Surfside 0/1 FS $94,900 $105,000 1506 Kaumualii St, B237 Kaumualii Park 1/1 FS $179,000 $150,000 445 Kaiolu St #208 ...

How Much Home Can I Afford? Calculating Debt to Income Ratios

Saturday, May 24th, 2008

When calculating how much home you can afford to buy, lenders use debt to income ratios (DTI) to determine how much you can safely borrow. There are two ratios used; front and back end ratios. The front end ratio is a measurement of just the total monthly house obligations. ...

California REO List

Sunday, May 18th, 2008

New list of Southern California distressed sales. This post will focus more on bank owned properties (REOs). Orange County NOD List NTS List Banked Owned Los Angeles Banked Owned Riverside Banked Owned San Bernardino Banked Owned List Update for May 27, 2008

Courthouse-step auctions offer 1,336 properties in foreclosure — 17 are sold

Thursday, May 15th, 2008

On Friday, O'Toole said, a foreclosed five-bedroom Modesto home on Hemstead Avenue went up for auction with a starting bid of $301,500, even though the lender was owed $537,000 from a delinquent mortgage. But that $235,500 discount apparently wasn't enough. O'Toole said no one bid, so the lender now owns the ...

Orange County Market Strengthening?

Tuesday, May 13th, 2008

An indicator that is tried and tested is the months of remaining inventory.  You can read up on it in this article 'How do I know if we're in a buyer's market.' Orange County real estate statistics are out for April and the months of remaining inventory has dropped by ...

Top 10 Tips To Get Good Deals in Short Sales and Bank Owned Property

Monday, May 12th, 2008

Current real estate markets nationwide have created countless opportunities for buyers looking to purchase real estate priced well under market value. Many buyers have turned to short sales, foreclosures and bank owned (REO) properties hoping to be able to purchase real estate for pennies on the dollar. The ...

Hawaii REO Bargains

Saturday, May 10th, 2008

Listed Address City Bd/Ba List Price Trans Zestimate 2023 Ahuula St Honolulu 4/3 $425,550 $396,000 $647,500 500 University Avenue #2010 Honolulu 3/2.5 $634,900 $555,000 $588,000 1778 Ala Moana Blvd. #1004 Honolulu 2/2 LH $391,500 $560,000 $400,000 723B Makaleka Ave Honolulu 5/3 $620,000 $650,000 $725,000 2145 Palolo Ave Honolulu 4/2 $609,500 $623,199 $717,000 54-177 Kawaeku St Hauula 3/2 $549,900 $725,000 $763,000 57-120 Lalo Kuilima Way #7B Kahuku 1/2 LH $275,500 $312,867 $340,000 84-937 Hanalei St Waianae 6/3 $419,900 $370,563 $420,000 91-214 ...

Hawaii Real Estate Market Update

Friday, May 9th, 2008

During April, sales of 256 single-family homes and 384 condominiums were reported through the Board’s MLS, decreases of 25.1 percent for single-family homes and 27.1 percent for condominiums, compared to the same month last year. This brings total single family home sales on Oahu to 929 ...