This post continues my year long plus study of REO (Bank Owned Home) sales in El Dorado Hills and Folsom, CA.  This post covers August 2008 REO sales. In August the number of REO properties sold in the selected market areas dropped signicficantly from 45 in July to 25 in August.  This represents more than the normal seasonal end-of-summer activity decline. The Days-On-Market number increased considerably from 72 in July to 105 in August.  A full 40% of the homes sold in August were on the market for over 100 days.  Another significent statistic remains applicable.  A full 28% of the REO homes sold were on the market for fourteen days or less.  We seem to have heavy representation from both ends of the spectrum with respect to the length of time the sold homes were on the market.  Howeve... 09/28/2008

How can I get the best deal on a home?  Where do I start?   The home buying process can be daunting.  There are many variables involved and my home purchase is likely to be the largest that I ever make.  I don't want to make any mistakes and I DO NOT WANT TO PAY TOO MUCH!    Thousands of prospective home buyers ask themselves these questions every day.  Most understand that home ownership has both benefits and drawbacks.  A monthly house payment is almost always going to be more than rent.  How is it going to affect my lifestyle?  If I do make a purchase, am I going to be house poor for the rest of my life?  A home purchase is a major commitment, am I ready for that?   One of the major advantages of home ownership is long term appreciation.  Although the downturn in the market over the ... 09/07/2008

El Dorado Hills:  The home buyer's upper hand continued in August in EDH. For 2008, the average sales price for El Dorado Hills had been $594k with 21% of the sales being bank owned homes. Although the average home price dropped only 1% from the 2008 average, 28% of the sales were bank owned and inventory remained at very high levels.  In all, 50 homes sold, 14 were bank owned and 401 homes (a 9 month supply) remain for sale.  Inside scoop: If you aspire to live in Serrano, due to all of the foreclosures, there are excellent, rock-bottoms deals available under $135 per square foot. Aaron's take on the markets:  The local markets continue to be influenced by the sale of bank owned homes.  Banks continue to liquidate their inventories, putting downward pressure on home prices.  The good n... 09/05/2008

Those of you who read my post on 8/15/08 entitled "My wife asks if we can adopt a horse? Otherwise they may be euthanized," may be interested to hear that the horses have been saved!  Here is the link if you would like to read the follow-up article posted in the Sacramento Bee today, "Homes found for seized horses in El Dorado County."   According to today's article, adoptions for four of the horses have been completed or are pending.  It also suggested, due to the generosity of donors and volunteers, the remaining animals will be saved.  My wife and I would like to personally thank the Active Rain community for your support, well wishes and donations.  The Grace Foundation of Northern California contacted me directly to voice their appreciation of all of our efforts and for helping the... 08/26/2008

GET A FRESH LIST OF BANK OWNED HOMES IN EL DORADO HILLS, CA - UPDATED DAILY! Bank owned homes / foreclosure real estate / bank repo properties are highly sought after by many real estate buyers these days who are seeking exceptional value and rock-bottom prices.  In El Dorado Hills in July, nearly 33% of all home sales were bank owned homes.  This blog post is your gateway to THE OFFICIAL, El Dorado Hills - Bank Owned Home - REO - Foreclosure, MLS Search & List - UPDATED DAILY.  There are great deals to be had in today's real estate market in El Dorado Hills CA. Click the link above to see the most recent Foreclosure Home, Bank Owned Homes, Bank Repo, REO, MLS Search data and Listings for El Dorado Hills, CA.  After you have reviewed the list, please email REO@BrokersCorp.com to receive... 08/20/2008

July 2008 - El Dorado Hills, CA - Residential Real Estate Update ( includes REO's & Short Sales ) As of today's date, as I write this update, according to the Metrolist MLS system, in El Dorado Hills, CA, there are currently 431 single-family homes listed for sale (this excludes condos, duplexes, apartments, etc.).   During the month of July, 2008, there were 43 homes that sold (closed escrow).  At this rate of home sales, it would suggest there is about a 10 month supply of homes available.  It is commonly agreed that when inventory of homes for sale is above a 6 month supply of homes, it is a "buyer's market."  For the month of July, 2008, the buyers continued to hold the upper hand over home sellers. Of the 431 homes Actively for Sale on the market in El Dorado Hills, CA, 36 are REO'... 08/11/2008

WHY CALL UNUSUAL COMMERCIAL LOANS? Because we have lenders who will consider lending on:http://www.unusualcommercialloans.com  Borrowers: Credit impaired Need cash out Partner buyouts Low Fico score  http://www.unusualcommercialloans.com Properties. Less than fully occupied Have tax liens Currently listed for sale In or near foreclosure Have short term leases  http://www.unusualcommercialloans.com Loan programs: Private equity Bridge Construction Some with no prepayment penalty Full Doc Stated doc Interest only payments Some require no appraisal Acquisition and development Nationwide LTV's from 50% to 75%  http://www.unusualcommercialloans.com We can close in as little as 7-10 business days for some loans Take advantage of our 15 plus years experience in commercial financing. WE CAN CO-... 08/01/2008

Here is another video in our series of informative videos. This one talks about commercial bridge loans. Remember to always ask questions about what you are getting into. Not all lenders are equal. We have a strong network of lenders and brokers that we work with. It is impossible to have evey loan type so at times folks call us and we do not have the loan they need but we know someone who does. Real estate networking is built on trust we work well with others. Unusualcommercialloans.com we do commercial loans banks won't 916-773-3975 07/31/2008

Here is another short video about commercial financing. This clip is on the current trends and also what makes your loan go to the back of the line. We hope this helps you get better results. Their is a growing trend with residential folks trying to do commercial this is great but keep in mind that commercial financing takes a much longer time to understand and be proficent. We may be better off doing a co-broker deal. Video brought to you by Scott El dorado area rep for Unusualcommercialloans.com we do commerciall loans banks wont Nationwide 916-773-3975 07/30/2008

bad dayBecause of Bank Declines!   Have you ever lost a commercial real estate deal because the buyer couldn't get financing? Unfortunately, traditional bank guidelines and all their documentation requirements often make it very difficult if not impossible for small commercial real estate buyers to borrow money. We have the answer! , we specialize in helping to get the commercial real estate purchase money, or refinance loans you need. Our "Hassle Free" loan programs range from $500,000 and up Some loans do not require* No Tax Returns* No Income Verification* No Financial Statements* Less than perfect cedit....OK* Difficult, unique and non-conforming properties - OK!And best of all...No More Lost Commissions! You can count on us - we have provided financing services for many years  We ... 07/29/2008

WHY CALL UNUSUAL COMMERCIAL LOANS? Because we have lenders who will consider lending on:http://www.unusualcommercialloans.com  Borrowers: Credit impaired Need cash out Partner buyouts Low Fico score  http://www.unusualcommercialloans.com Properties. Less than fully occupied Have tax liens Currently listed for sale In or near foreclosure Have short term leases  http://www.unusualcommercialloans.com Loan programs: Private equity Bridge Construction Some with no prepayment penalty Full Doc Stated doc Interest only payments Some require no appraisal Acquisition and development Nationwide LTV's from 50% to 75%  http://www.unusualcommercialloans.com We can close in as little as 7-10 business days for some loans Take advantage of our 15 plus years experience in commercial financing. WE CAN CO... 07/28/2008

Here is the first of many 60sec commercial mortgage review videos. We hope this will help you understand all the different products Unusualcommercialloans.com we do loans banks wont 15 plus yrs exp. 916-773-3975 07/28/2008

Here is the first of many 60sec commercial mortgage review videos. We hope this will help you understand all the different products Unusualcommercialloans.com we do loans banks wont 15 plus yrs. exp. 916-773-3975 07/28/2008

Here is a small clip from a class we put on in the Sacramento area with a focus on residential agents trying to do commercial property sales. We want every one to be successful it is in our best interest. UNUSUALCOMMERCIALLOANS.COM A nationwide commercial mortgage broker We do commercial loans banks won't 916-773-3975 15 plus yrs exp. 07/28/2008

Tiered of dealing with the wrong lender?  Take advantage at the fact that we get lenders calling us every day asking to please put them in our data base. We are a nationwide commercial broker allow our experience and team to work for you. Hard to do commercial loans welcomed! Commercial is all we do from gas stations to churches we can help.    Vacancy and cash flow problems ok Unusual properties ok Low or no credit ok Stated income ok Commercial bridge loans Tax liens ok Close in as little as 10 days!    When the bank says no call us chances are we can help    From A paper to the very unusual call us find out why we have over 15yrs doing business.    Scott Unusual Commercial Loans we do loans banks wont! 530-676-4896 http://www.unusualcommercialloans.com/     07/26/2008

Unusual Commercial Loans has been providing nationwide commercial financing for over 15 yrs Gas station financing can be tricky, don't submit your loan to the wrong source. We do nothing but commercial financing, we see more commercial loans than the average residential mortgage brokerhttp://www.unusualcommercialloans.com  Gas stations with cash flow issues ok Refi-cash out ok Properties with tax liens Commercial bridge loans Stated and full doc Don't waste time we have the network needed to get the job done. Some loans can close in as little as 10 business days! Are you a residential mortgage broker we can help you. We CO-BROKER and take the client from start to finish saving you time and money. Scott Unusual  Commercial Loans 530-676-4896 http://www.unusualcommercialloans.com   07/26/2008

WHY CALL UNUSUAL COMMERCIAL LOANS? Because we have lenders who will consider lending on:http://www.unusualcommercialloans.com  Borrowers: Credit impaired Need cash out Partner buyouts Low Fico score  http://www.unusualcommercialloans.com Properties. Less than fully occupied Have tax liens Currently listed for sale In or near foreclosure Have short term leases  http://www.unusualcommercialloans.com Loan programs: Private equity Bridge Construction Some with no prepayment penalty Full Doc Stated doc Interest only payments Some require no appraisal Acquisition and development Nationwide LTV's from 50% to 75%  http://www.unusualcommercialloans.com We can close in as little as 7-10 business days for some loans Take advantage of our 15 plus years experience in commercial financing. WE CAN CO... 07/25/2008

Here is a short video of the class we put on about commercial financing and some marketing. This class was in the Sacramento area. UnusualCommercialLoans.com we do commercial loans banks wont. 07/24/2008

H A S S L E  F R E E ! Small & large commercial Property Lending Unusual property types Ground up development! WHEN THE BANK SAYS NO!!!!! Call us! experienced  Loan programs tailored for all credit levels!  for purchase or Refi Loans up to a true 90%ltc ~ Loan amounts of $500,000 & up~ Purchase or refinance~ Quick and easy closings~ Cash out available~ Difficult, unique and non-conforming properties~ Less than perfect credit - OK!~ No tax returns ~ Stated income ok Just because one lender said no menas it is a dead deal! Find out why our business is growing with referrals! No wasted time quick turn around times!! Scott Unusual Commercial Loans we do loans banks wont! 916-773-3975   http://www.unusualcommercialloans.com       07/23/2008

UnusualCommercialLoans.com Small & large commercial Property Lending Unusual property types Ground up development! WHEN THE BANK SAYS NO!!!!! Call us! Loan programs tailored for all credit levels!  for purchase or Refi Loans up to a true 90%ltc ~ No points commercial loans Commercial bridge loans No mortgage payment for 1yr commercial loans ~ Stated income ok Just because one lender said no menas it is a dead deal! Find out why our business is growing with referrals! No wasted time quick turn around times!! Scott  Unusual Commercial Loans we do loans banks wont! 916-773-3975   http://www.unusualcommercialloans.com     07/22/2008