FORECLOSURE UPDATE- TUSTIN... HOW MANY BANK OWNED PROPERTIES ARE LISTED FOR SALE IN TUSTIN?
By Katnik Brothers- Broker, Realtor, M.B.A. North Tustin Realtor, Tustin Ranch Realtor, Orange Realtor, Tustin & Orange Real Estate
(Katnik Brothers Real Estate Services Corporation)
Katnik Brothers, Tustin Brokers update you on the current impact bank owned homes are having on real estate. There have been 29 closed sales year to date averaging $666,113. There are 11 bank owned homes currently for sale! Short sales in 2010 have doubled, while Foreclosures are down signifigantly from last year. Why? Banks have streamlined the Short Sale process due to foreclosures being so costly! Below are two foreclosure sales that have occurred this year. 10761 Skyline Sold for $ 1,030,000 10202 Saint Cloud Lane Sold for $ 1,330,000 These bank owned sales usually have no termite clearance, no repair costs, and are sold As-Is. Bank owned properties are not always the steal they are made out to be! For that reason, ask your B...
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