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SERVING ORANGE COUNTY, CALIFORNIA
Orange County Short Sale & Loan Modification Info
Foreclosures REO Bulk Sales
Mission Viejo, Rancho Santa Margarita, Lake Forest, Costa Mesa, Aliso Viejo, Laguna Hills, Laguna Woods, Portola Hills, Las Flores, Dove Canyon, Canyon Crest, Coto de Caza, Trabuco Canyon, Ladera Ranch, Wagon Wheel, San Clemente, Talega at San Clemente, Dana Point, San Juan Capistrano, Laguna Niguel, Irvine, Tustin Hills, City of Orange, Laguna Beach, Corona del Mar, Newport Beach, Foothill Ranch, Huntington Beach and the Northern San Diego Area.
BERNIE and MICHELLE,
"THE POWER OF TWO". | |
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Bernie and Michelle
Mission Viejo
(949) 294-1147 Bernie
(949)697-1143 Michelle
(949)633-0331 Linda
Email Pager: Click on button below
Email: bernie@bernieryerson.com
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CLICK ON OUR LISTINGS FOR MORE INFORMATION ON THESE AND OTHER FINE PROPERTIES FOR SALE
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| SELLERS!
If you're planning to sell your home in the upcoming months, this FREE service is designed to help establish your home's current market value. Simply choose Your Home Value ??? and fill out the requested information. We will use comparable sold listings and available listings to provide you with the value of your home. Our values your loyalty and appreciates your confidence!
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Automatically receive personalized MLS listings by e-mail. We will search the local MLS and find the homes that match your criteria and notify you immediately with the latest listing information!! Simply choose Dream Home Finder and fill in the requested information. Also, you may view Our Listings or search the listings yourself at Our Listings or Search All Listings.
RELOCATING????
Bernie and Michelle have been area residents for nearly 25 years and has the support of FIRST TEAM's Relocation services. They can answer any questions you may have regarding your relocation needs. Just fill out the Dream Home Finder and they will respond to you per your request.
Real Estate and Foreclosure - REO - Banked Owned Properties
REO vs Foreclosure
An REO (Real Estate Owned) is a property that goes back to the mortgage company after an unsuccessful foreclosures in real estate auction. You see, most real estate opportunities reo or foreclosure auctions do not even result in bids. After all, if there was enough equity in the property to satisfy the loan, the owner would have probably sold the property and paid off the bank. That is why the property ends up at a foreclosure, reo real estate owned or trustee sale in Orange County.
Real estate property foreclosures and bulk sales begin with a minimum bid that includes the loan balance, any accrued interest, plus attorney's fees and any costs association with the foreclosure process and reo bank owned real estate. In order to bid at a foreclosure auction, you must have a cashier's check in your hand for the full amount of your bid. If you are the successful bidder, you receive the property in "as is" condition, which may include someone still living in the property. There may also be other liens against the reo owned property.
Since what is owed to the bank is almost always more than what the property is worth, very few bank owned real estate auction result in a successful sale. Then the property "reverts" to the bank. It becomes an Orange County REO, or bank owned real estate property.
For more information on "REO Properties For Sale", nationwide investor Reo bulk sales and buying bank owned real estate, check out our real estate foreclosures page at:
Bank Owned Real Estate, Forclosures and REO Properties.
For information on Loan Modification or Short Sales, check our page at:
Real Estate Short Sales and Loan Modifications.
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Call BERNIE (949) 294-1147 or Michelle (949)697-1143
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