Archive for June, 2010

Best bank owned buys in Ladera

Click here to view the very best bank owned home buys in Ladera Ranch

Buying a bank owned home?

Buying a bank owned home today is still the best deal out there but it comes with heavy competition. Many people are after the illusive bank owned home so you’d better have your homework done. What this means is that you should have already spoken with a lender and become fully underwritten and issued an approval letter. Have me or your agent include that letter and the first 2 pages of your credit report with any offers you make along with your asset verification (proof of funds) for your down payment. Hopefully, you will have a minimum of a 20% down payment or otherwise you will have a rough time getting an acceptance on a bank owned home (REO). You can still get an approval occasionally with less than 20% but then some magic needs to be created. Contact me and I can explain further. This site gives you free access to all the bank owned homes (REO) in and around Orange County California. For any lender questions, please contact our preferred lender Bill Daniels at www.billtdaniels.com.

Tags: bank owned, foreclosure, reo

Brand New Bank Owned Listing @ $257 per SqFt

(all data current as of 6/5/2010)

Price	$902,700
Beds	4
Baths	4 full, 1 part baths
Home size	3,506 sq ft
Lot Size	8,645 sq ft
Days on Market	3

Beautiful woodwork in this spectacular 4 bedroom 5 bath home. Custom Casings, Baseboards, and Crown Molding can be found throughout. Dramatic Foyer Entry w/Mosaic Floor Tile. Incredibly spacious floor plan with large Master Suite and secondary bedroom downstairs. Backyard is perfect for entertaining with built in Barbeque and outdoor Fireplace in backyard and courtyard area. Extraordinary Wood Floor bonus room w/balcony. Dual A/C units with hepa-allergy system. Custom Maple built-ins. Finished garage w/epoxy flooring. This beautiful home is located in the quiet neighborhood in Covenant hills. A private gated community.

Property Type(s): Single Family, Residential

Last Updated	6/4/2010	Tract	Mont
Year Built	2006	Community	Ladera Ranch
Garage Spaces	2.0	County	Orange
Total Parking	2

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with Mark Dowling, RED Crown Realty

Tags: bank owned home, foreclosure, reo, reo home