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Top 5 strategies to consider when buying REOs!

by Leila Mortaz | Jun 26, 2013 | Home Buyer Tips, Los Gatos Fixer Upper, REOs

This is Part 1 of the Blog on buying Bank Owned (REO) properties.   Despite perception created by some agents US banks are NOT desperate to get ride of their assets and they have well developed processes to NET the highest possible price for their REOs.   Before an...

How can you buy a Fixer Upper REO for $40,000 less than the list price!?

by Leila Mortaz | Jun 21, 2013 | Home Seller Tips, Los Gatos Fixer Upper, REOs

REOs are bank owned properties that don’t sell at Auction and banks have to take them over.   Once they are listed for sale to public using a local Realtors, the games begin where the banks and investors are on a collision course since each...

Top 5 mistakes to avoid when buying fixer uppers for flip!

by Leila Mortaz | Jun 19, 2013 | Home Buyer Tips, Home Seller Tips, Los Gatos Fixer Upper

These days finding a San Jose Fixer Uppers to flip is  harder than finding a needle in a hay stack these days specially with the tight inventory of homes on the market.  But let’s assume you were lucky enough to find a Fixer Upper from REOs or Short Sales or at...

Las Vegas Foreclosure Trends for May 2013

by Leila Mortaz | Jun 18, 2013 | Home Seller Tips, Los Gatos Fixer Upper, REOs, Short Sales

In this post we we will be exploring a few characteristics of  Las Vegas Foreclosure Trends in May 2013. As you can see in the chart below, Notice of Default filings decreased by 4% in May 2013 compared to the same period last year.  Also, Notice of Sales dropped by...

Morgan Hill Foreclosure Data for May 2013

by Leila Mortaz | Jun 17, 2013 | Home Seller Tips, Los Gatos Fixer Upper, REOs, Short Sales

In this post we we will be exploring a few characteristics of Morgan Hil Foreclosure Trends in May 2013. As you can see in the chart below, Notice of Default filings increased by 9% in May 2013 compared to the same period last year.  Also, Notice of Sales; dropped by...

Top 10 fixer upper repairs and how to estimate them

by Leila Mortaz | Jun 15, 2013 | Home Buyer Tips, Home Seller Tips, Los Gatos Fixer Upper, Small Bathroom Remodel, Small Kitchen Remodel

So you have watched 10 episode of Flip This House on HGTV and you have decided to become a flip king as well!  Here are some basic guidelines to estimate Fixer Upper Repair that you can use to determine your initial decision to consider a home for a flip: Roof:   Does...
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"Great Team, Very easy to work with. Leili and David helped me purchase an REO and made the process a pleasure. I would highly recommend this team if you want to buy a foreclosure. Thank you so much!!"

-Leo on his REO Purchase, Los Gatos

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