Bank Owned Foreclosures Coming Up on the Market

Posted by Paul Caparas on Tuesday, January 20th, 2009 at 1:35pm.

I have been getting a lot of calls from potential buyer saying the inventory of homes for sale is somewhat lower than expected.  Well this is what’s going on.  For current home owners, it’s probably the worst time to sell your home so you barely see those homes on the market.  And for Bank Owned Foreclosures, from what I was told, Banks are on hold on putting their Foreclosed homes on the market for the past month or so but that hold will end soon.  The date that I am hearing is January 30th but is subject to change.  With that being said, next month we may see a large inventory of Bank Owned Foreclosures and if you want to buy one, be prepared.  Get Pre Approved and when you see the home you like and the price is right, go for it.  All the good ones sell fast with multiple offers, even in this market. 

 

With the large inventory of Bank Owned Foreclosures expected next month, at my office we already have Bank Owned Foreclosures that the Bank hired us to sell aren’t on the MLS yet.  Here is a quick list.

 

Chula Vista – 6 Bank Owned Foreclosures

Mira Mesa – 3 Bank Owned Foreclosures

Scripps Ranch – 1 Bank Owned Foreclosure

Rancho Penasquitos – 1 Bank Owned Foreclosure

Clairemont Mesa – 1 Bank Owned Foreclosure

San Marcos - 2 Bank Owned Foreclosures

Downtown – 1 Bank Owned Foreclosure

Linda Vista – 1 Bank Owned Foreclosure

Encanto – 5 Bank Owned Foreclosures

Spring Valley – 6 Bank Owned Foreclosures

Vista – 2 Bank Owned Foreclosures

National City – 2 Bank Owned Foreclosures

East San Diego – 9 Bank Owned Foreclosures

Paradise Hills – 1 Bank Owned Foreclosure

Oceanside – 1 Bank Owned Foreclosure

San Diego – 5 Bank Owned Foreclosures

Escondido – 2 Bank Owned Foreclosures

Santee – 1 Bank Owned Foreclosure

El Cajon – 3 Bank Owned Foreclosures

La Mesa – 1 Bank Owned Foreclosure

Del Cerro – 2 Bank Owned Foreclosures

 

Now, if you are interested in any areas above or would like to get prepared and want to learn the process of buying one of these Bank Owned Foreclosures, please let me know.  I can have one of my trusted Loan Officers get you Pre Approved and explain to you your Loan options and I will start searching for your New Home!  So let’s get your Dream Home at a amazing price with a great interest rate.

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