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Oct 072012

Foreclosure Deals

Gain a competitive advantage over other buyers. By locating distressed properties -- before they hit the MLS -- you can discover where tomorrow's REOs and short sales will appear. Most of these properties are not listed on the MLS, but they will be soon. Research properties in advance and get a jump on your competition. Don't miss out on another deal because you couldn't act quickly. Use this tool to your advantage!

The red properties are already bank owned. As soon as REO asset managers prepare them for sale, they will be on the MLS. Get ready!

The green and blue properties have owners who are not paying their mortgages. They may be offered as short sales, or they may go through foreclosure and become REO. Either way, they will also likely be available on the MLS soon. Find your next home!

Be prepared to offer on these properties by researching them in advance or risk losing out to buyers who are have done their homework. Start your research today!

To find distressed properties, enter your desired location and press search. Scroll through list by pressing "next."

NON-MLS properties ready for buyers

New not in MLS; West Irvine home or rental property; $818,000

Our newest opportunity is in West Irvine, 4 bedroom/3 bathrooms, 2800 square feet, the owner $80k into it from 2005-06

This property is leased for $3200/month, however, this would also make a good owner occupied home.

New carpet throughout, new baseboards and crown molding, new multi-zone ultra efficient HVAC system new windows and new slider on the west side of the house, custom cabinets/bookcases in the family and bonus rooms Custom master bathroom with heated floor and a custom master closet.

Attached is the original floor plan which is reversed with some differences listed below:

Full wall between family room and dining Dividing wall in master suite Reconfigured master bath Window in master closet

The tenant pays all utilities except gardener. Only monthly expenses are taxes, insurance and gardener:

Annual Expenses per owner:

Taxes – $10,100 (based on a $833k taxable value)

Insurance – $650

Gardener – $840 ($70 a month for weekly service)

Showings will be held on Tuesday, October 2^nd at 10am, please let me know if you would like to view sales@ochousingnews.com

New not in MLS; working on a property in University Park Irvine; remodeled 5 bedroom 3 bathroom home with nearly 2500 square feet more details to come next non-mls email

New not in MLS;

Great Costa Mesa location, 3 bedroom, 2 bathroom 1,012 square foot detached home on a nice 6,000 square foot lot. Nice large windows with a new kitchen and granite counter tops. We are building the interest list now, the property will not be available to purchase until April 1, 2013 per seller request.

Not in the MLS, potential cash flow investor or owner occupant opportunity

Property Address: 22934 Via Nuez, Mission Viejo

Price: $259,900, for a quick deal seller may consider a bit less

Bedrooms: 3

Bathrooms: 2

Square Feet: 1260 square feet

Showing Instructions: Email Shevy; sales@ochousingnews.com

Agent Name: Shevy Akason

Agent Email: sales@ochousingnews.com

Verify that property is NOT in MLS; Not yet in the MLS

Notes: This was a foreclosed home purchased by a third party and remodeled

Supporting Documents; Fundamental valuation report, this is version 12 of the report and is still in testing phase, Larry and I will meet in the next week or so to consider some possible changes.

Not in the MLS

Property Address ; Huntington Beach

Price Circa. $500,000

Bedrooms 3

Bathrooms 2.5

Square footage 1672

Property type Attached condo

Showing instructions email Shevy; sales@ochousingnews.com

This property is not in the MLS

Notes;

The property has excellent tenants that would like to stay, however, the seller moved out of state and would like to sell, although a price has not been established he has seen the comparable sales and is aware of the current lack of supply and high demand. Regardless, he has communicated that he ‘is willing to sell slightly below market value’. A price of circa $500,000 is what the seller seems to be aiming for, however, all offers within reason will be considered.

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