If you look at some of the REO sites – showing the trading from one back to another, those that are also keeping track of the notice of default filings. You will see something strange occurring. Those properties are not hitting the for sale market as Foreclosures as you might have expected.
Heck, the REO and Foreclosure agents are also seeing that the banks that use them to sell their foreclosure and bank owned assets are not populating the real estate market with these homes. What is their disposition?
Where are the Foreclosures?
A majority of these distressed properties are heading to bulk sale. A Bulk Sale is where the Big Money comes together to purchase “lots” of real estate. Minimums of 50, 100, 250 etc, reo properties (real estate owned) are bought with minimal research and with cash money.
We wrote an article on our Short Sale and Foreclosure Blog yesterday about one of the biggest moves in the “Bulk Sale” buying arena as of recent times.
Moving sucks 🙂
Do you remember the last time you moved? I know every time we move, I don’t like it much. I mean, I’m excited to be going to somewhere I have not lived before. But the process of moving is horrible. Searching for Moving companies is harder still. When I look on line for Moving Companies I seem to find “non local” companies(lead generation not true moving companies) that are generating leads for moving companies. That is kind of like the real estate syndication websites selling leads(your personal and private information) to real estate agents.
Do yourself a favor. When searching for a moving company, when you call, make sure the company you are seeing written about on-line is a real brick and mortar moving company with a local address that you can drive by. I’d even take it a step farther and drive by, go inside and talk with a real live human being about your move. This way, if the machine breaks down during your move and stuff gets misplaced and broken, you have someplace besides a phone number, to turn to!
How should Realtors act?
Real Estate agents should be treated the same way. Where are their offices located? Do they have a real office or are they “virtual”? It makes a big difference when you can turn to a real place to get what you need solved. Especially when you are about to spend so much money that it takes 30 years to pay off.
Two Super Valencia Homes for Sale:
Two new listings hit Valencia – or will soon – priced between 1m and 1.5m – both are Standard Sales – have a look below and let us know when you are ready for The Paris911 Team at REMAX of Valencia CA to assist you and yours.
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