Beverly Bayer's (bbayer) Blog

Something I am starting to see in Moreno Valley, CA is a BIG jump in the number of pending sales - and I am hearing that the REO listing agents are getting multiple offers on the lowest priced properties.  Now prices have gone down (since the top of the market: July 2006) about 1/3 (from about $4...

I have been going to the REO auctions in my area of California - actually got a house at one in November: all rehabbed now and ready for a tenant.  I purchased for cash and applied for a loan later - I had a hard time getting a new loan - hard to prove income as an appraiser in a declining market...