Archive for May, 2008
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 ...
Posted in Distressed, Foreclosures, Investing, Lessons, Real Estate Terminology, Techniques, buyers | No Comments »
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)
Posted in Distressed, Foreclosures, Investing | No Comments »
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 ...
Posted in Distressed, Foreclosures | No Comments »
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. ...
Posted in Lending, Lessons, Real Estate Terminology, Techniques, buyers | No Comments »
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
Posted in Distressed, Foreclosures, Investing, Real Estate Terminology, Uncategorized, buyers, seller's | No Comments »
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 ...
Posted in Distressed, Investing | No Comments »
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 ...
Posted in Investing, Lessons | No Comments »
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 ...
Posted in Distressed, Foreclosures, Investing, Lessons, Real Estate Terminology, Techniques, buyers | 2 Comments »
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 ...
Posted in Distressed, Foreclosures, Investing, buyers | 3 Comments »
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 ...
Posted in Investing | No Comments »