Bank-owned 3 bedrooms, 2 1/2 baths, town home with 2 car attached garage and over 1,689 sq ft! Great neighborhood & top ranked schools. This one needs some paint & TLC, but should be worth the effort.
Category Archives: Foreclosures
$241,900 :: 24801 Lakefield Street, Lake Forest CA, 92630
3 bedrooms, 2 baths + lake view! Over 1200 square feet. This one really won’t last very long.
Lake Forest Bank-owned House $425,000 – No HOA Fees!
3 beds, 2 full baths 1,471 sq ft with pool. Lot Size: 7,770 sq ft Type: Single Family Home with no HOA dues!
Lake Forest Bank-owned Condo $207,900
The price was just reduced on 1/6 from $233K. New carpet, paint & appliances, 2 car carport is steps away from back door. Nice location, easy walk to Sun & Sail Club, Rancho Canada school, or Bagels & Brew!
$399,900 :: 23136 Vista Way, Lake Forest CA, 92630
3 beds, 2 full bathsHome size: 1,548 sq ftLot Size: 5,240 sq ftAdded: , Last Updated: 12/09/10Property Type: Single Family, ResidentialMLS Number: P756716Community: Lake Forest SouthTract: VlThe price of this listing was last reduced on 12/9/2010 by 7%…
Happy New Year 2009!
I can tell already that this will be a good better year for Southern California real estate. To start off, it didn’t rain on our parade (Rose Parade) on New Year’s day, and our University of Southern California (my school) Trojans won their Rose Bowl game under sunny blue skies! I think this is always…
Best Deals on Bank Owned Homes
The bank-owned (REO) homes in South Orange County are still looking like the best values available. I picked out a list of about 15 that are seriously discounted below their last sale price. I am planning to resume posting my “Vic ‘s Picks” on a more regular basis – probably once per week. This week,…
Buying Homes from the Bank
I have been getting a number of calls or emails from buyers who think they want to buy a foreclosed home. After I ask them why they would want to do that, I usually hear “Because I want to get the most for my money and I’ve heard that foreclosures can be a real bargain.”…
Lake Forest Market Conditions
Lake Forest prices now start at $95,000 for a one-bedroom bank-owned condo. It previously sold in 2005 for $260,000 using 100% financing (probably using a “liar loan” without any income documentation!) I seriously question the wisdom of anyone paying that much for a property this size, as you could have rented it for less than…
You Want to Buy a Foreclosure?
I am getting a lot of calls lately with people telling me that they want to buy a foreclosure. Maybe it’s the mentality of the market, or the late night infomercials, but many people seem to think that foreclosures, by definition are a “good deal”. They might be or they might not! Foreclosures aren’t necessarily…