Foreclosures in Simi Valley...

[al cole'holic]

...just got a brand new list of about 54 properties here in Simi, where's all the buyers and investors at?? :D :D

[cxr133]

JUST PM Me when they get to be 1997 -1998 prices again:D

[al cole'holic]

JUST PM Me when they get to be 1997 -1998 prices again:D
..try Pasadena Tx :D

[909punk]

...just got a brand new list of about 54 properties here in Simi, where's all the buyers and investors at?? :D :D
anything in lang ranch?

[al cole'holic]

anything in lang ranch?
..all in Simi.
Wrote one offer so far, bank owned...$500k with $10k back in a hood where the last sale was $549k :D :D

[Kilrtoy]

JUST PM Me when they get to be 1997 -1998 prices again:D
Screw that 94/95 prices were alot better

[jdogginla]

pm sent

[al cole'holic]

I'd take any year pre 2001....wait, I did :D
...right back at ya jdogg :)

[EmpirE231]

how do you make money on that... if the bank owes 500... which means you can pick it up for that? and then last sales were 550... but then knock out taxes / supplemental taxes and agent fees? how do you profit.... or do I got it all wrong. :)

[al cole'holic]

how do you make money on that... if the bank owes 500... which means you can pick it up for that? and then last sales were 550... but then knock out taxes / supplemental taxes and agent fees? how do you profit.... or do I got it all wrong. :)
...personally (my situation) I write the offer which the bank is offering a 3% commish, pocket $15k...looking to put it back on the market before the first payment is due for roughly $540k..looking to only make $30-40k as a quick turn, pay the tax which will be due in '08. Small $$ but small time frame :D
On the other hand, someone looking to buy something finally and pick up a great deal with a foreclosure could walk into some equity...

[EmpirE231]

ahhh so it deffinantly makes sense if you're an agent!!

[al cole'holic]

ahhh so it deffinantly makes sense if you're an agent!!
..also makes sense if you don't own a home and looking to buy one finally :D

[Moneypitt]

...just got a brand new list of about 54 properties here in Simi, where's all the buyers and investors at?? :D :D
54 of them are on your list............And that list is going to get alot longer before it gets shorter............MP

[al cole'holic]

54 of them are on your list............And that list is going to get alot longer before it gets shorter............MP
...9 pool homes :cool:

[Misogynist]

I'm waiting for the next 6.2 earthquake.... then you will really see prices tumble......... :D

[al cole'holic]

I'm waiting for the next 6.2 earthquake.... then you will really see prices tumble......... :D
...if anyone was wondering, Nostradamus has been reincarnated :sleeping: