Pre Foreclosures in Anatolia

When a home is going through the process of foreclosure, there are several steps.  First a home owner has to get behind on their mortgage.  After they have gotten between 60 and 90 to around 120 days late on their mortgage, a Notice of Default will be filled.  This is a public record often referred to as aNOD.  Once this has been filled there is a designated time period that must go by to allow the home owner the chance to bring their mortgage current or work something out with the bank.  Next the bank will file another public record known as a Notice of Trusties Sale, or NOT.  The NOT has another time frame to allow the borrower a chance to bring their loan current including all legal fees and late payment fees otherwise the home is sold on the court steps to the highest bidder.  In the case where the value is less than the mortgage owed on the home the first mortgage holder buys the home at auction for what is owed to them.  This property then becomes a REO, or Real Estate Owned property. 

 

Sense these notices are public they can be obtained from the county by anyone.  This can be an advantage to the real estate buyer.  You as the buyer can get advanced knowledge of homes that will come on the market before they are on the market and drive by them to see which homes you are interested in.  I have these lists for Anatolia on my website at www.anatoliaforeclosures.comjust for you to look at.  Just click the Pre-Foreclosure link.

Folsom Peddler’s Fair

Sunday September 21st, is the Folsom Peddler’s Fair.  This is a great deal of fun, food, and shopping.  You can park at the Sunrise light rail station and take light rail in to avoid the traffic and parking mess.  Come on down and find that rare item you have been looking for.  You can also find all kinds of one of a kind items for that hard to shop for person.  Get started early and take advantage of the best items in the fair. 

The Fair is located in Historic Folsom on Sutter Street.

We found Roland a Pearl!!

Look at this great Pearl we found in Citrus Heights for our Client Roland.

8429 Pearl Way, 3 bedrooms 1 Bath just under 2000 Square Feet

This home was not even a REO and we still got a great deal for our Client.  Stay tuned to find out what this Pearl sold for.

The Deals keep coming!!!!!!!!!!

2649 Los Amigos Drive Rancho Cordova NOW pending Sale thank to Rory Holker

 

 

We fond a great first time home buyer this fantastic deal on a nice REO home in Rancho Cordova.  Stay tuned to find out what the final selling price will be.

Folsom Listing Pending Sale

My listing in Folsom is now in escrow.  This beautiful home has a great view and one lucky buyer is now just a month away from enjoying it as the hot summer comes close to the end. 

View more information and find more great deals around the area on my website.

Has the Houing Market Changed??

The real estate market has made some positive moves here in the Sacramento area.  More homes are going pending each month and more homes are being sold.  The other positive signs we have seen is a decrease in the number of homes that have been being foreclosed on.  The REO market still makes up the majority of closed sales, however it makes up just 25% of the listed properties.  I have no idea when the market will start going up sigificantly  but it is showing some positive signs and a slowdown in decreasing prices.  If your in the market to by now is the time to get serious.

Reo Properties a a large part of the Market in Sacramento County

Status	Total Homes	Dank Owned Homes	AVG Price Total	AVG Price Bank Owned
Active	8681	2424	$283,272	$171,249
Pending Sale	4206	2815	$209,521	$176,132
Sold In August	1924	1263	$268,608	$186,990
Sold in July	1914	1324	$228,034	$192,220
Sold IN June	2065	1375	$247,200	$197,443

 

These are updated numbers for Sacramento county on Active, Pending Sale, and Sold, properties and the amount of which are REOor Bank Owned.