Yes, there are REO’s available for purchase in Berkeley.  The inventory fluctuates, but as of 1/5/2010, there are ten current REO listings:

1.  1648 Curtis Street, 3/2, 1423 sq.ft, listed at $499,900

2.  1055 Amito Drive, 4/3, 4160 sq.ft, listed at $1,025,900

3.  827 Channing Way, 3/1, 1007 sq.ft, listed at $399,900

4.  1050 Creston Road, 4/3, 2953 sq.ft, listed at $950,000

5.  1239 MLK Way, 3/1, 1211 sq.ft, listed at $634,900

6.  452 Boynton Avenue, 4/2, 2301 sq.ft, listed at $859,000

7.  1687 Thousand Oaks Blvd, 3/2, 2244 sq.ft, listed at $859,900

8.  6946 Bristol Avenue, 4/4, 4120 sq.ft, listed at $999,900

9.  3227 Boise Street, 4/1, 1129 sq.ft, listed at $309,900

10. 1243 Ashby Avenue, 4/2, 1614 sq.ft, listed at $254,000

For more details about any of these listings, or to receive free automated emails with new REO listings in Berkeley, please email Andy Read at aread@caldecott.com or call him at 510.594.2400 x 222.

The multiple listing service (MLS) now has a designated field for a property to indicate if it is bank owned. It is possible to receive automated emails with these properties by city, zip code, Thomas Brothers’ map coordinates, etc. Please email Andy Read at aread@caldecott.com if you would like to receive these automated updates. Data for all cities in Contra Costa and Alameda County are available.

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via Miami Just Listed – Search over 50,000 Listings.

(786) 406-1757

Coming Soon to MLS!!! Two bank owned duplex in Whitter. Each has a bathroom, living room, and one car garage.

Author: Evan Kramer
Source: ezinearticles.com

Time Absolute Behest – The next bearing of homes for auction online

The residential absolute acreage industry has taken absolutely a hit over the accomplished few years from the recession aback 2007. Abundant of the recession has appear at the easily of accumulated or even “Wall Street” not accouterment added accuracy to “Main Street” in the absolute acreage transaction. As homes were bought and sold, abounding home buyers did not absolutely accept the basal, <a href="http://www.orchardbankcome.

com”>orchardbank.com, home values, mortgage industry or complication of the absolute acreage transaction. For years to appear the boilerplate, orchardbank.com, home client will be actual alert entering into new absolute acreage affairs and the added appeal for accuracy and believability with homes for auction will emerge.

What has afflicted in the market? Absolute Acreage Endemic backdrop (or Coffer Endemic Backdrop / Listings) in the, orchardbank.com, recession accept accustomed added behest to yield place.

The Absolute Acreage Endemic (or REO) backdrop accommodate a beyond abatement to home buyers as they were antecedent foreclosures. Given that the coffer needs to advertise the home at a discount, it offers a bigger befalling to home buyers and/or investors. REO backdrop for auction accept become actual accepted and will advice transcend the archetype of online home affairs from an “offer” apple to a “bidding” world. In a few years, all residential home affairs will be accessible to this action and “Main Street” will be added adequate with the new paradigm.

Online, the business models, orchardbank.com, of affairs and affairs homes accept not afflicted abundant over the years of the Internet. With web 2.0, the home client acutely has been provided added abstracts but the businesses models still accept remained actual ad-based – carrying leads to absolute acreage agents. Websites like Zillow and Trulia still just accomplish leads for absolute acreage agents and aftermath added ad articles or services. A new archetype will anon appear online area online behest and time absolute behest becomes added of the norm.

Time Absolute behest puts added assurance aback into the home affairs transaction as it creates afterimage to all parties as to bids on a residential home advertisement or ‘for sale’ property. Unlike our accepted arrangement area a home client alone submits an action to a absolute acreage agent, it is up to the abettor to plan with the Seller. The Seller can appearance offers ‘behind bankrupt doors’ and adjudge on its ‘highest and best’. However, with Time Absolute Behest online, the home client can appearance all the bids of all absorbed parties in a home – whether it’s an buyer aborigine bid or an broker bid.

In addition, abounding REO web sites are alpha to accommodate added aboveboard abstracts to home buyers to, orchardbank.com, abode bids – whether it is the aboriginal accommodation amount, acreage details, scoring, etc.

With the recession, REO backdrop action such a abatement to bazaar prices that the new behest archetype can emerge. Coffer endemic backdrop charge to be awash bound and accept added adorable prices than the acceptable residential absolute acreage market. Today, there are arising web sites like GoHoming area time absolute behest on REO properities is permitted.

It will be absorbing to see how it all pans out in the advancing months.

Evan S. Kramer

* Discover The Easiest Way To Sell *

* * Discover The Easiest Way To Sell * *

We Understand What Has To Happen Fast, Let`s Get It Done !

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Housing recovery in Valley likely to slow with stimulus expiration.

If you know someone that does not own a home and is looking to buy there has never in the history of the U.S. been a better time to buy than now.  As of today the interest rates have increased from about 3 weeks ago, but they are still so low compared to historical data.

These are the many factors working in their favor:

Low Interest Rates

Low prices on existing homes

Federal Tax Credit up to $8,000 for a first time home buyer, $6,500 for a “move-up” buyer; expiring June 30, 2010 (contracts must be accepted by April 30, 2010)

FHA loan limits in the metro Phoenix area is still $346,250; this area includes Maricopa and Queen Creek

FHA loans still offer only 3.5% down, %6 seller contribution to closing costs, FICO score requirements as low as 620, monthly mortgage insurance must be in place for a minimum 5 years then can be dropped

USDA loans for the outlying areas allow for a 100% loan to value and has much of the government loan requirements

VA is still a 100% loan and has no monthly mortgage insurance

Large inventory of Foreclosed, Bank Owned, and Short Sale homes; but don’t neglect the motivated owner seller that is still paying their mortgage on time

What we don’t know is what will happen with interest rates because they are moving up and down with the current markets and they are reacting to what the government has done with the numerous acts of Congress that have been approved and are still pending.

If you know someone that is looking to buy or refinance a home, I will gladly help them assess their chances and choices to make that happen.

May it be a year of excellence richly filled with….

Joy, Kindness, Goodness, Love, Patience,

Faithfulness, Prosperity, Peace & Dedication

Happy New Year 2010!!!!!

I’ve taken a lot of care and time to write this newsletter. I have included many great & relevant articles. I encourage to you please take a look at what Real Estate has in store for 2010!

http://www.clientdirect.net/news/?Pub=36942

For those interested in the REO and short sale inventory… below is the look of inventory by city. REO inventory is still staying around the same numbers. In fact, so is the Auction inventory. I have gone to a few big property auctions with past clients. I get the Auction companies email updates on upcoming Auction dates and inventory. Today I looked at it and on their West Coast Auction property list they only had 9 properties!

Also banks are making decisions and moving much more swiftly on those Short Sales. So if you or anyone you know is having problems making a payment and want to know your options…please give me a call or email today!

Let’s see what has been going in December;

Brea has only 3 bank owned properties on the market now (down 1). In contrast they have 23 active short sale listings on the market right now. Plus another 25 properties went into escrow between 12/1 and 12/31!

Placentia has 10(up 1) and 33 active short sale listings. 37 properties went into escrow!

Fullerton has 14 (same) and 99(24 more) active short sale listings. An outstanding 87 properties went into escrow in December!!!!!!!

Yorba Linda has 12 (up 5) and 55(down 10) short sale listings. A huge 74 properties went into escrow!

Anaheim Hills has 3 (down 2) and 23(down 12) short sale listings. Another 46 properties went into escrow!

Costa Mesa has 9(up 3) and 54(up 6) short sale listings. 43 properties went into escrow!

Tustin has 12 (up by 3) and 64(down 2) short sale listings. WOW…60 properties went into escrow in December!

Irvine has 10(down 1) and 102 (down 17) short sale listings. An unbelievable 144 properties went into escrow in December!

Newport Coast has 2 (up 1) and 4(down 1) short sale listings. 11 properties opened escrow!

Newport Beach has 7 (up 1) and 46 (down 9) short sale listings. 61 properties opened escrow!

Chino Hills has 10 (down by 1) and 43 (up 1) short sales. 62 properties opened escrow in December!

Corona has 64 (down by 4) and an incredible 353 (up 10) short sale listings. Then completely unbelievable! An amazing 370 properties went into escrow in December!

So if you don’t think people are buying the proof is in the numbers! This is outstanding numbers even in the strongest of months.. and this is December!

What this means… if you are a buyer you better come with your A game. You better trust your Realtor (hopefully it’s me) and be ready to negotiate tough.

If you are a seller… expect multiple offers and have your home show ready. When I show buyers a home they will PAY more for a home that show well..even in todays’ market Thinking of selling…. want to know what your home is worth now that prices have started to move up? Great way to start off the New Year with a full Market Analysis of your home..printed FREE for you!

Give me a call/email today!

Helping you build your dreams!

Danielle Ervin

danielle.ervin@yahoo.com

May it be a year of excellence richly filled with….

 Joy, Kindness, Goodness, Love, Patience,

Faithfulness, Prosperity, Peace & Dedication

 Happy New Year 2010!!!!!

I’ve taken a lot of care and time to write this newsletter. I have included many great & relevant articles. I encourage to you please take a look at what Real Estate has in store for 2010!

http://www.clientdirect.net/news/?Pub=36942

For those interested in the REO and short sale inventory… below is the look of inventory by city. REO inventory is still staying around the same numbers. In fact, so is the Auction inventory. I have gone to a few big property auctions with past clients. I get the Auction companies email updates on upcoming Auction dates and inventory. Today I looked at it and on their West Coast Auction property list they only had 9 properties!

Also banks are making decisions and moving much more swiftly on those Short Sales. So if you or anyone you know is having problems making a payment and want to know your options…please give me a call or email today!

Let’s see what has been going in December;

Brea has only 3 bank owned properties on the market now (down 1). In contrast they have 23 active short sale listings on the market right now. Plus another 25 properties went into escrow between 12/1 and 12/31!

Placentia has 10(up 1) and 33 active short sale listings. 37 properties went into escrow!

Fullerton has 14 (same) and 99(24 more) active short sale listings. An outstanding 87 properties went into escrow in December!!!!!!!

Yorba Linda has 12 (up 5) and 55(down 10) short sale listings. A huge 74 properties went into escrow!

Anaheim Hills has 3 (down 2) and 23(down 12) short sale listings. Another 46 properties went into escrow!

Costa Mesa has 9(up 3) and 54(up 6) short sale listings. 43 properties went into escrow!

Tustin has 12 (up by 3) and 64(down 2) short sale listings. WOW…60 properties went into escrow in December!

Irvine has 10(down 1) and 102 (down 17) short sale listings. An unbelievable 144 properties went into escrow in December!

Newport Coast has 2 (up 1) and 4(down 1) short sale listings. 11 properties opened escrow!

Newport Beach has 7 (up 1) and 46 (down 9) short sale listings. 61 properties opened escrow!

Chino Hills has 10 (down by 1) and 43 (up 1) short sales. 62 properties opened escrow in December!

Corona has 64 (down by 4) and an incredible 353 (up 10) short sale listings. Then completely unbelievable! An amazing 370 properties went into escrow in December!

So if you don’t think people are buying the proof is in the numbers! This is outstanding numbers even in the strongest of months.. and this is December!

What this means… if you are a buyer you better come with your A game. You better trust your Realtor (hopefully it’s me) and be ready to negotiate tough.

If you are a seller… expect multiple offers and have your home show ready. When I show buyers a home they will PAY more for a home that show well..even in todays’ market

Thinking of selling…. want to know what your home is worth now that prices have started to move up? Great way to start off the New Year with a full Market Analysis of your home..printed FREE for you!

Give me a call/email today!

Helping you build your dreams!

Danielle Ervin

But also the hot water heater and copper plumbing!
Sent from my Verizon Wireless BlackBerry

Posted via email from MichiganMoves | Debra Drummond’s Lifestream