As predicted, the conventional lender Chase Bank has confirmed that in the next six to eight weeks a flood of foreclosures will be released throughout Californina. What does that mean for us in Orange County? Opportunity! We estimate that the low amount of foreclosures that we have now in Brea, Fullerton, Placentia, Yorba Linda and La Habra should rise to around 30% of our inventory. For those of you who have been or who are thinking about selling... you need to come to serious terms that if you don't take your equity and run now, you may be forced to sell later at foreclosure-driven market prices. You've worked too hard for what you have, don't let the failing economy rob you of that.
Now, on the other hand if you are a buyer, this is a fabulous
Today, Jan 15, 2009, there are currently 409 homes listed for sale in Fullerton. 56 of the homes are bank owned. 261 of them are detached single family houses.
There are 138 homes currently in escrow. 49 of those are bank repos.
21 homes have closed escrow so far this year. 8 of them are bank repos.
91 homes sold in Fullerton in December, 2008. 38 of them were bank repos. They sold in an average of 29 days for 101.60% of listing price. Most times, there are many competing buyers for these homes.
There are deals to be made in purchasing a bank owned home. Buyers need to be aware, however, that the homes will be sold in as-is condition with no repairs to be made. Sometimes, the bank won't even pay for
Wow, here's a home that should sell quickly. A 4 bedroom 3 bathroom home with over 3000 sq ft of living space, highly upgraded, beautiful city view, and listed for only $539,000.
The master bedroom is huge, as it was a builder option to be 2 bedrooms. There's a spa tub in the master bathroom. The home features a remodeled kitchen with granite countertops, an intercom system, surround sound, travertine flooring, slate flooring, recessed lighting, 2 fireplaces, etc etc.
I'm sure the home will get multiple offers and will sell for more than asking price. It's not my listing, but I will gladly show it to you. Don't miss out.
To see more Brea Bank Repos go to Brea Bank owned homes.
On September 23rd , 2008, the Brea Planning Commission approved of the La Floresta project and sent it to the city council to get their approval before construction could be started on the development.
For those not familiar, it’s a mixed-use project on 220 acres, formerly owned by Unocal, that would bring residential and commercial units to the Northeast section of Brea. Basically, the projects are off of Valencia between Rose and Imperial Hwy.
The proposed development is for nearly 1100 residential units, including senior housing and live/work housing over commercial businesses, with 156,000 sq feet devoted to mixed-use commercial,
The neighboring city of Yorba Linda has concerns regarding traffic and safety. And, there still seems…