HOME BUYING EXPO

HOW TO BUY A HOME IN TODAY’S MARKET

Background/Introduction

Background/Introduction

Buying in Today’s Market3 Types of Sales:1. Regular Sale.

Buying in Today’s Market3 Types of Sales:1. Regular Sale

2. Distressed – Short Sale

Buying in Today’s Market3 Types of Sales:1. Regular Sale

2. Distressed – Short Sale3. Distressed – Bank-Owned/REO

Buying in Today’s Market

Distressed PropertiesForeclosure Process in CA

Distressed Properties# FC Filings Each Month

Green: Notice of DefaultBlue: Notice of Trustee Sale/Auction

Distressed Properties# of Properties @ Each Stage of FC Process

Distressed PropertiesFC Process Time – Beginning to EndGreen: Avg 378 Days Btwn NOD & Final Auction

Red: Avg 337 Days Bwtn Sale & REO SaleOrange: Avg 126 Days From Auction Prchs & Resale

Distressed PropertiesGrey: 868 Cancelled (Successful Short Sale or Loan Mod)

Red: 165 Property Auctioned, Back to Bank (REO)Orange: 180 Property Auctioned, Sold

Best Time to BuyWhat That Means to You

Best Time to BuyWhat That Means to You

Best Time to BuyWhat That Means to You

Best Time to BuyWhat That Means to You