Written by Jim the Realtor

August 30, 2010

The August foreclosure stats, plus examples of houses that went back-to-bene last week:

6 Comments

  1. aljanet

    That is a very nice area and for that reason I had made an offer on that about 4 month’s ago and they said they would not take anything less than about 850k. It does need lot’s of work but for the right price it is worth it.

  2. swm

    Theoritically, the healthier the banks get, the more foreclosures we should see. Banks could not afford the hit to their capital by foreclosing (mark-to-market) or selling at too big a percentage loss. As they produce (on paper) better profits they can afford to rid themselves of the bad loans.

  3. Tom Stone

    Jim,We get a few Out of area brokers handling properties here in Sonoma County. Usually a Marin County “Investor” who doesn’t want some country Bumpkin of an agent handling their property. I did run across one listed by a Statesboro GA broker yesterday (?). It might work in a booming market if the broker does their homework,not now. Time to head out and set some traps,we had reports of Rabid Quail.

  4. Jim the Realtor

    Statesboro GA??? I thought you were in the NorCal?

    The REO agent of the last house did listing-input onto the MLS today for $729,000.

  5. Jeeman

    I bet one could get that for the 2002 price.

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