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How to Buy a Bank Owned Home
Posted by Jim Minkey on October 24th, 2009
Not too far from reality!
Absolutely Foster City Blog
Foster City Real Estate…and so much more!
Jim Minkey
Re/Max Today
1250 San Carlos Ave.,#101
San Carlos
650-610-6423
Email:jim@jimminkey.com My ReMax website
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October 24th, 2009 at 10:49 am
Yikes- I guess we will be renting for longer than we thought!!! Too much truth in that humor.
October 24th, 2009 at 5:54 pm
Meanwhile the number of foreclosures in 94404 reached 109….
October 24th, 2009 at 6:23 pm
Eugene…I’m a little dubious of the legitimacy of 109 foreclosures in FC. I’m not sure thats even a cumulative number..all time. On the other hand there’s probably a good blog post coming from that.
October 24th, 2009 at 9:13 pm
That number is from the RealtyTrac – http://www.realtytrac.com/MapSearch/MapSearch/MapSearch.aspx?CriteriaType=address&criteriaValue=94404
I started to monitor this number in January 2009 and since then it almost doubled.
October 28th, 2009 at 9:01 am
Jumping in a little late here, but the RealtyTrac website is interesting. Nevertheless, they are documenting “pre-foreclosures”. One of the “P” symbols on that map is the house of a friend of mine. They are not in foreclosure proceedings. They are “upside-down” since they bought about 3 years ago, and the bank has them on a watch status. But they continue to make their payments are are looking to restructure their debt a little, which is probably why it triggered the “pre-foreclosure” symbol. It is interesting to track that for trends of potential distress, but IMHO, we are nowhere near doom and gloom in this town.