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Thread: Foreclosures in Simi Valley...

  1. #1
    al cole'holic
    ...just got a brand new list of about 54 properties here in Simi, where's all the buyers and investors at??

  2. #2
    cxr133
    JUST PM Me when they get to be 1997 -1998 prices again

  3. #3
    al cole'holic
    JUST PM Me when they get to be 1997 -1998 prices again
    ..try Pasadena Tx

  4. #4
    909punk
    ...just got a brand new list of about 54 properties here in Simi, where's all the buyers and investors at??
    anything in lang ranch?

  5. #5
    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

  6. #6
    Kilrtoy
    JUST PM Me when they get to be 1997 -1998 prices again
    Screw that 94/95 prices were alot better

  7. #7
    jdogginla
    pm sent

  8. #8
    al cole'holic
    I'd take any year pre 2001....wait, I did
    ...right back at ya jdogg

  9. #9
    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.

  10. #10
    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
    On the other hand, someone looking to buy something finally and pick up a great deal with a foreclosure could walk into some equity...

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