The percentage of REO homes sold to owner-occupant buyers has decreased in almost every market. In Los Angeles County, California, for example, owner-occupant REO buyers have dropped from 80 percent in 2009 to 60 percent by the third quarter of 2011. By the third quarter of 2011, owner occupancy rates for REO sales in an additional four of the studied counties had fallen below 50 percent.
What does this mean to you, the investor looking for great deals in the current real estate market? Simply, prices are low, there is or will be an increase in demand for rental units in our area as distressed sellers of short sales and former owners that have been foreclosed on by the lender that will be looking for rental housing.
If you’re the type of person who recognizes what a great deal some of these properties could represent, you will be interested to know about a new free computerized service, which automatically searches out and downloads a current list of all such properties day in and day out. When you receive this free, no obligation service, you’re automatically plugged in to the most current list of Foreclosure Properties on the market, in the price range and area that interests you. This FREE service every week will save you a lot of research and running around.
You will also receive expert advise on locations to consider for your purchase based on your criteria!
Just fill out the form below and we will give you a free analysis of your situation and outline your choices. There is no cost or obligation for this consult and it is totally confidential.
Contact us today and start working toward a better tomorrow!
What does this mean to you, the investor looking for great deals in the current real estate market? Simply, prices are low, there is or will be an increase in demand for rental units in our area as distressed sellers of short sales and former owners that have been foreclosed on by the lender that will be looking for rental housing.
If you’re the type of person who recognizes what a great deal some of these properties could represent, you will be interested to know about a new free computerized service, which automatically searches out and downloads a current list of all such properties day in and day out. When you receive this free, no obligation service, you’re automatically plugged in to the most current list of Foreclosure Properties on the market, in the price range and area that interests you. This FREE service every week will save you a lot of research and running around.
You will also receive expert advise on locations to consider for your purchase based on your criteria!
Just fill out the form below and we will give you a free analysis of your situation and outline your choices. There is no cost or obligation for this consult and it is totally confidential.
Contact us today and start working toward a better tomorrow!
Michael Blue, REALTOR, CDPE, SFR, RDCPro, CNS, NAREOB, NAHREP
Coldwell Banker Residential Real Estate Brokerage
DRE#00877192
Coldwell Banker Residential Real Estate Brokerage
DRE#00877192