Reo/bank owned/short sales in California success!?


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Anyone have success stories of buying these kind of homes? Please share!! I'm a part time new (8 months) realtor in CA. I have sold two homes. One home a regular sale and the other bank owned. Bank Owned: Clients put 20% down, paid closing, and 20 day escrow, and attached FICOS, and proof of funds, $5K...


Banks in Corona, CA



Answer (1):

Mr Placid

Are you sure you were outbid on those Corona properties? Or was that simply the lender's excuse for not accepting your offer?

The reason I ask is because the Corona area is flooded with foreclosures. It is literally a bottomless pit of REO properties. It's hard to believe that there are bidding wars out there for Corona properties.