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Big Bear Bank Owned Buyers – Be Ready!

Bank owned properties in Big Bear are continuing to come on the market for sale at a steady pace. Don't expect that to change anytime soon.  In the month of September 2008, there were 41 properties that went back to the bank.  And there have already been 10 so far this month. While a few of these properties are already on the market for sale, the majority of them are still "in the listing process" with the banks and should be on the market in the coming weeks/months. What do the banks do between the time they … [Read more...]

What You Must Know Prior To Buying A Bank Owned Home In Big Bear

I sat down with Israel Barden, our REO & bank owned expert with Coldwell Banker here in Big Bear Lake, for a quick video discussion on the 3 most important things buyers in this market need to understand about buying a bank owned property. [youtube]http://www.youtube.com/watch?v=BWoSVKChFPo[/youtube] There are many factors to consider when buying a bank owned property.  If you are thinking about a bank owned purchase, be sure to talk with your real estate agent and lender first.  A bank owned purchase can be … [Read more...]