/24-7PressRelease/ - PASO ROBLES, CA, April 17, 2008 - In the news you have continued to hear about the crashing subprime lending market and the rising numbers of foreclosures. Have you ever wondered how investors buy foreclosures? Do you know the difference between a Notice of Default, Notice of Sale, Trustee Auction, and REO (Bank owned property)? Did you know there is a way to purchase foreclosure properties directly from the bank? You can negotiate these properties with a realtor on a standard purchase agreement with a standard 30 or 60-day escrow.
Did you know you could finance these properties just like you can on regular properties? You don't have to pay cash at the auction or county courthouse steps. You can purchase these properties with a purchase agreement that allows you to do inspections, reports, and investigate the property under a due diligence time frame. Just as with any due diligence time frame you can back out under this clause if you are not satisfied with your findings. You can also build in loan contingencies to protect your deposit.
But the best thing of all is you can get these foreclosures and bank owned properties at some amazing prices. These banks have gone through the foreclosure process and now own these properties. They are sitting on their books, losing money every day. The banks are not emotional sellers and want these properties off their books and sold. They usually price these properties under market value to solicit a buyer quickly.
Would you like to learn more about this Foreclosure and REO market? Would you like to get a list of all the REO properties in your area? Would you like to take a tour of these properties to see some amazing deals? Well, you are in luck. I am going to be giving a monthly seminar on Foreclosures and REO's. The lecture part of this seminar will last approximately 1 hour. I will teach you the FACTS about the foreclosure market and what pitfalls to watch out for. I will also teach you how you can finance, negotiate, and secure a great deal on a bank owned property on your terms.
After this one-hour lecture, those of you who want to look at some local REO properties, I will take you on a personal caravan tour. We will pick out 4-6 local properties and take a look. You can see for yourself what these bank-owned properties look like, ask questions, and investigate some great deals in a non-threatening casual manner. I am offering this seminar to my clients / investors and their friends and family absolutely free. I want to help educate you on the foreclosure market, what the misconceptions are and how you can really get a great deal! I have seen bank-owned properties sell for 10-25% under fair market value. This could save you tens to hundreds of thousands of dollars.
My next seminar is going to be on Saturday, April 26th at 10:00am. We are meeting at the
Paso Robles Association of Realtors board office located at 1101 unit A Riverside Avenue in Paso Robles. Please bring your friends and family that might be interested in learning about the foreclosure process and how to make a killing buying bank owned properties. If you have any questions you can always call me at 805-331-3310. I hope to see you there!
Questions regarding this release should be direct to info@cassandramerrill.com.
Cassandra Merrill is a Top Selling Agent and Top Listing Agent in San Luis Obispo County. Her specialty in this region includes real estate in Paso Robles, San Luis Obispo, Atascadero, Templeton and Pismo Beach. Cassandra Merrill can be contacted at 805-331-3310, or by visiting http://www.cassandramerrill.com.
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- atascadero, beach, california, estate, luis, obispo, paso, pismo, property, real, robles, san, templeton
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