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Foreclosures and Short Sales

Whether you're attempting to sell Big Bear real estate or you're searching local real estate listings as a potential buyer, it's important to know the difference between a foreclosure and a short sale. Foreclosure is generally a worse outcome than a short sale, if you are the seller, but as a buyer of a distressed property, a short sale is often the more difficult process to negotiate through. Foreclosure for Owner A property that has been foreclosed on means that the owner did make the monthly mortgage payments … [Read more...]

The Proctologist Called…….

And they found the bank's head! It's no wonder that the majority of short sales don't ever close escrow.  There's not a week that goes by that I don't hear a story similar to the one below. Several months ago I had a short sale property in escrow located in the Boulder Bay area at 39029 Robin Rd.  We had it in escrow for $465,000, and after 60-75 days of back-and-forth negotiating with the first lien holder, Freddie Mac, as well as the second lien holder, a private party, we were about 10-14 days away from … [Read more...]

Big Bear Real Estate Market Update – Thru June 2011

Big Bear Home Sales - Year to Date (1/1/2011 thru 6/30/2011) The Big Bear real estate market has slipped even further when compared to 2010, with home sales down 11% - 354 total sold in 2011 vs. 399 total sold in 2010 thru June. This drop is due in large part to a very slow sales month in June.  There were 49 home sales in June, compared to 72 sales last June (32% drop), and down from 55 home sales in May.  This is actually pretty surprising as sales should be going up this time of year, not down as they have been … [Read more...]

Patty’s Picks of the Week

Here are my top picks of the week! Simply click on the highlighted link to see the details on the "best in show" properties! Under $100K: 341 Grenfall: This home offers 3 bedrooms, 2 baths,  1200 sq. feet of living space, and on a 7200 square foot lot. It does need a little TLC, a bargain for under $100K! $100K-$200K: 1036 Sylvan Glen: Backing to the National Forest in Moonridge, this charming cabin has 2 bedrooms, 2 baths, and a fantastic back drop! This is a Fannie Mae Homepath property with incentives! You … [Read more...]

Patty’s Picks of the Week

Here are my top picks of the week! Simply click on the highlighted link to see the details on the "best in show" properties! Under $100K: 249 Highland: Nice, open floor plan hosting nearly 1,000 square feet of living space. 2 bedrooms, 1 1/2 baths, laundry hook ups, lots of windows, on a large 4,000 square foot lot make this a great buy at $79,900. $100K-$200K: 39202 Sioux: Fabulous Fawnskin living! This home gives you a feeling of seclusion! Very close to the National Forest and lake, 3 bedrooms and 1 1/2 … [Read more...]

Patty’s Picks of the Week

Here are my top picks of the week! Simply click on the highlighted link to see the details on the "best in show" properties! Under $100K: 828 Pine: Light, bright and super close to the National Forest, this charmer hosts an open floor plan with vaulted T&G ceilings in the living room.  A very clean property, oak cabinets,  nice windows,  and priced at $89,900 makes this one a winner! $100K-$200K: 42737 Conifer: This is a bank owned mountain cabin that is close to both ski slopes, restaurants and … [Read more...]

Patty’s Picks of the Week

Here are my top picks of the week! Simply click on the highlighted link to see the details for the "best in show" properties! Under $100K: 422 Kern: This is a nice little property with 2 bedrooms, 1 bath, large kitchen, corner fireplace, front & back deck with a fenced in back yard for under $75K. New paint, carpet, and vinyl makes this property attractive and it will go quickly! $100K-$200K: 912 Nana: This log style cabin can be yours for only $175K. Located in Big Bear City and built in 2005, this 3 … [Read more...]

Patty’s Picks of the Week

Here are my top picks of the week! Simply click on the highlighted link to see the details for  the "best in show" properties. Under $100K: 2085 Mahogany: Built in 1982, nearly 1000 sq. feet of comfortable living area, fenced in yard, with a two car garage, for only $99,500! $100K-$200K: 899 Brier Trail: Atmosphere, atmosphere, atmosphere...and LOCATION!!! This charmer is like an updated government lease, but YOU own the land. The National Forest is your backyard in this tranquil Big Bear Lake location. Very … [Read more...]

Patty’s Picks of the Week

Here are my top picks this week! Simply click on the highlighted link to see the details for the "best in show" properties. Under $100K: 765 Spruce: Nearly 1000 sq. ft home on a 5000 sq. ft. lot steps away from the National Forest for $85K! 2 bedrooms and 1 bath with laundry hook ups...this is a good buy! $100K - $200K: 742 Orange: You cannot beat this setting or the quality of the craftsmanship on this home! Clean as a whistle with a fantastic backdrop, you can just move in to this fine … [Read more...]

Patty’s Picks of the Week

Here are my top picks for this week! Simply click on the highlighted property to see the details for the "best in show" properties. Under $100K: 727 Kern: This little charmer is close to the National Forest and is affordable at $53,500! Even has laundry and vaulted ceilings! $100K-$200K: 1125 Anita: Big Bear Charm with attached garage, fenced yard and close to the National Forest. This is a Fannie Mae HomePath property with special financing options. $200K-$300K: 771 Silvertip: Moonridge location with an … [Read more...]