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Thursday, August 7th, 2008 at 1:57 PM

REO and NOTS Lists

The category in the right-hand column “San Diego County REOs” has been updated.


For those of you looking to buy, the REOs will give you a preview of properties that should be coming to market shortly. 


The ‘sales price’ is usually the opening bid, and if there were no bidders, the bank’s name will be listed as buyer.  Just above the sales price is the ‘minimum bid’, typically that was the amount owed.  They shouldn’t call it minimum bid, they should call it amount owed – and these days nobody really cares what was owed, the amount listed has no relation to the today’s values.


I’ve also included the notices of trustee sales.  For those looking to buy properties at the court house for all-cash, these is a wealth of opportunity here.  For more help finding the opening bids, call the trustee or check www.fidelityasap.com.  Where there are individual names listed under buyer, those are the current owners and the sales price listed is amount they paid.


Tread carefully, and let me know if you need any asistance.

Posted on Thursday, August 7th, 2008 at 1:57 PM in Foreclosures/REOs | 4 Comments » | Print Print You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Reader Comments: 4 Responses

  1. Jim,

    A question related to REO sales:

    The NAR estimates that distressed (REO, etc) sales accounted for a third of pending home sales.

    In your opinion, what % of these sales are to flippers who will fix up the properties and put them right back on the market?

    David Pearson | August 7th, 2008 at 3:14 pm

  2. My guess would be, alot.

    CVman | August 7th, 2008 at 3:59 pm

  3. If the amount owed is 400k, and the opening bid is 300k, and a regular person bids on it at 300k, will the bank out bid the person untill the "minimum bid" is reached?

    todd | August 7th, 2008 at 4:33 pm

  4. Is there any other format for these listings, other than PDF.. like raw text, tab delimited? I was able to extract the text from the PDF but it is nasty looking and I would have to write a parser for the implied format.

    I was looking at trying to ‘suck’ the data into eXcell or Access so I could quantify searches.

    On a side note, I noticed that several of these properties have a sale price much smaller than loan amount or minimum bid. I suspect refis or home ATMs? Might want to watch out for delinquent property taxes on these as well.

    ucodegen | August 7th, 2008 at 9:20 pm

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