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Old 05-20-2008, 07:24 PM
 
148 posts, read 435,915 times
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I, along with many others no doubt, would love to hear about any successful lowballs or foreclosure deals you've made or come across.

While the lion's share of these are no doubt inland or in the areas more prone to subprime lending (i.e. low income and less desirable parts of LA/the southland), have any people gotten "steals" on prime real estate or areas?
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Old 05-27-2008, 07:15 AM
 
3 posts, read 35,666 times
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I would love to hear the answer to this question as well. Anybody get a great deal, and if so, in what section of Cali?
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Old 05-27-2008, 08:12 AM
 
Location: SoCal
14,527 posts, read 16,134,194 times
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Quote:
Originally Posted by Loopy View Post
I would love to hear the answer to this question as well. Anybody get a great deal, and if so, in what section of Cali?
Cali is in Colombia. I think you've got the wrong forum section.

And if there are any real killer deals, imagine what they might be like right at the exact point the market turns back up. Real estate agents say it's very difficult to time the market and I believe it, but wouldn't it be wonderful to pull off your own killer deal?
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Old 05-27-2008, 08:20 AM
 
Location: Las Flores, Orange County, CA
26,345 posts, read 84,734,892 times
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I think a lot of these data (listed price, sold price) are available. They may be only post processed data from licensed real estate agents, not sure. I know I get flyers in the mailbox every now and then from realtors with tables showing such data.
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Old 05-27-2008, 11:15 AM
 
Location: Thousand Oaks, California
10,408 posts, read 2,392,677 times
Reputation: 1488
We were just talking to a friend of ours over the weekend who just bought 3 bank owned houses in one neighborhood up in Stockton, California. He showed us pictures and they looked pretty nice. Newer homes, probably no more than 5 or 6 years old. One was kind of thrashed inside, but the other two looked like they were taken care of. All have dead lawns, but thats an easy fix. He told us he paid about $650k for all three. He's going to fix them up a bit and rent them out.

I dont know much about Stockton, we drive through it, but never stop.
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Old 05-27-2008, 12:08 PM
 
Location: South Bay
7,141 posts, read 19,536,680 times
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didn't stockton have the highest foreclosure rate in the nation?
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Old 05-27-2008, 04:15 PM
 
148 posts, read 435,915 times
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Quote:
Originally Posted by BRinSM View Post
didn't stockton have the highest foreclosure rate in the nation?
Yup. At 650K for all 3, I haven't researched Stockton heavily but from what I have found, I'm not sure that's such a great deal.

I wonder how strong the rental market can be up there.
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Old 05-28-2008, 11:44 AM
 
242 posts, read 367,600 times
Reputation: 283
Stockton is indeed the foreclosure capital of the U.S. Not an especially nice part of Northern California either.
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Old 05-28-2008, 01:37 PM
 
148 posts, read 435,915 times
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Yes...I'm hoping more for stories of incredible scores in more upscale areas, not places like Antelope Valley/High Desert, the 909/Inland Empire/San Bernadino etc., Stockton, Florida, Vegas etc.
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