I am working with a REO client who is selling Tape (Bulk Sale) in California, with current inventory. These are the properties that has been foreclosed already, number of assets vary but there is a minimum requirement what one can buy. Any one interested in buying bulk sale properties in California could contact me at 714-932-9409. You can also email me at namneet@namneet.com Only serious buyers, you will be asked to show proof of funds and your serious intent to buy.
5637 Carley Ave Whittier CA For more information call Namneet Dhaliwal at 714-932-9409 Five bedroom three bath single family home, 2000 sq ft. Three bedroom and two bath downstairs, two bed and one bath upstairs. Large step down family room with fireplace and built in inside barbecue. Master bedroom downstairs opens to the back yard, with attached bath. Hardwood floors, new carpet, new paint, move in condition. Large backyard with multiple fruit trees. Walking distance to school. Second story and family room were added on with permits per seller. Effective age much younger than the original built. Will not last! Regular sale, no banks to deal with!!! Los Angeles County Ca Real Estate at Affordable Price.
For last two years, a major portion of my business came from selling REO Bank Owned Properties in Orange County CA. The toughest part of the whole assignment is to go to someone's home and tell them that they no longer own their home and need to move out.
People react differently each time, form helplessness, hopelessness expression to outrageous rage. Regardless of how they got there, whose fault it was, uprooting is not an easy situation to deal with. Although, it is like any other job that someone has to, and here it had to be an REO agent, I could never forget one incidence where we did the Cash for Keys; previous homeowner turned back, walked in to the house, she looked around at the walls and walked away with tearful eyes and a sigh of grief. That moment engraved in my mind and I still remember it.
Since then, I been thinking of how in the world, I could help, even if it is only for few people, each saved home makes a difference in someone's life and builds that trust in humanity. Finally, that wish is coming true. I belong to a group, REO Masters Network. We are hosting a Fund raising party on Sept 21st at five star conference in Fort Worth, Texas, inviting Asset Managers, REO Realtors and lender community. We expect to have between 1000-1500 attendees. All the proceeds from this event will go to Foreclosure Angel Foundation. I am very impressed with Marilyn Mock's work, she started this Foundation in 2008, helping her neighbor who was about loose her house.
Since then, this foundation has helped people to save them from this devastating situation. For anyone out there who ever had this thought of helping people in this situation, lets help Foreclosure Angel Foundation, one person, for one home, one neighborhood, one town at a time, we can all make a difference for our country.
If would like to attend this fund raising event, go to https://lifepower.infusionsoft.com/go/charity/namneet/
Thank you so much for supporting this cause.
Namneet Dhaliwal- REO Specialist Orange County CA
Jan 2009- July 2009
Many people wonder about the current conditions of Real Estate Market in Orange County CA. Here is the synopsis of last seven months Real Estate Activity. On the average, there has been a rise in the price particularly in median to lower price range home where there is a bigger pool of first time buyers and investors. Even though average number of days on the market is still high but its real number s obscured by short sales that stay on the market due to the lengthy approval of this process. Most of the right priced REO properties or standard sales are selling within days, over the list price with multiple offers and, causing problems with the appraisals. Pricing is controlled by the appraisals at this point, which is good for a healthy recovery to avoiding a false increase in the values.
The biggest skepticism about the following rosy pictures is that how long would it stay like this, with all the shadow inventory of already foreclosed homes, that been held off the market since beginning of moratoriums and ongoing defaults and the job losses.
| New | Avg LP | Under Contract | Avg LP | Sold | Avg SP | %SP/LP | %SP/OLP | Avg DOM | |
| Jul-09 | 9,319 | $549,844 | 4,096 | $456,841 | 6,364 | $443,456 | 98.26% | 92.10% | 79 |
| Jun-09 | 9,105 | $609,447 | 4,385 | $440,333 | 6,081 | $437,722 | 97.86% | 90.66% | 79 |
| May-09 | 8,836 | $646,921 | 4,133 | $394,064 | 5,853 | $422,417 | 96.86% | 89.50% | 79 |
| Apr-09 | 8,890 | $586,367 | 4,363 | $462,898 | 5,445 | $396,834 | 96.27% | 87.83% | 77 |
| Mar-09 | 9,797 | $595,456 | 4,245 | $369,541 | 5,271 | $397,003 | 95.93% | 88.01% | 77 |
| Feb-09 | 8,854 | $558,251 | 3,464 | $382,709 | 4,093 | $391,877 | 96.70% | 88.70% | 74 |
| Jan-09 | 10,051 | $578,832 | 3,364 | $432,568 | 4,140 | $414,342 | 96.67% | 89.27% | 77 |
Orange County CA Housing Market Jan 2009-July 2009
By Namneet Dhaliwal -REO specialist Orange County CA
Source SoCal MLS August 19, 2009
There is a significant decrease in number of available homes for sale and increase in pending home sales in Orange County California. When comparing to the number of May 24th 2007, there were 16,238 active listings and only 3,001 properties in pending status, today's figures are reversed, half actives and almost doubled pending sales. As of August 5th 2009, there are 8,750 active listings in Orange County and 6461 properties in pending status according to SoCal Tempo MLS.
For properties below the median price range, buyers are struggling to get in the market and are willing to pay over the list price. Appraisers are having hard time to appraise to those values. In many cases, buyers end up paying the difference between the appraised value and the sales price. In multiple offer scenarios, buyers are asked to remove the appraisal contingency and show the proof of extra funds. All this leaves genuine families out and people with the cash power get the property. But, this is not the case for properties in higher price range, those are still in declining mode and sit on the market for a longer period.
All this appears to be a result of multiple moratoriums and is not a stable trend, but what could be better time than this to start bringing in the shadow REO inventory in to the market, and let the right candidates buy? Although lending is tough, today's buyer is more stable than Real Estate Boom time, which could lead to healthy slow but steady recovery in the future.
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Real Estate Specialist of Orange County CA REO Speicalist selling foreclosure properties, offering home evaluation & BPO. Realtor committed to highest standards of professionalism.
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