Sacramento Bank Owned Homes For Sale

[Burgoon123]

I will like to share a great book that just came out is called "REO BOOM" Check this book out it has over 400 pages on the entire REO process and has step by step procedures on how to become a successful REO listing agent. Learn the inside secrets other agents don't want to tell you and make a 2012 a successful year in REO.

[griede]

@Burgoon123 to be honest Burgoon123, I am not interested in being an REO agent. Don't have any desire to work FOR the banks! But, thanks for the info.

[jclives33]

vid made 3 years ago, banks still doing the same duhhhh

[Ubreako]

what is good about your area ? what business are there ?

[blinko656]

@Ubreako Nothing. stay away.

[griede]

amjohstone,

Don't think they will go that low from where we are now but then again my crystal ball is a little foggy. But, if they do you can count on the fact that the rest of the economy will go down even further than it is, now.

We all better hope that things do go up and improve so that the economy can get back on its feet again.

[normrobert]

Very interesting Gina but why on earth would you consider creating videos while driving???

[griede]

normrobert,

Thanks. Why not? I'm not holding the video camera...

[amjohnstone]

The banks need to face reality.  Prices are still WAY too high. The only way that this market will stabilize is by the prices reaching bottom. It's called "price discovery". Look for 30 to 50% off from where we are now before we hit bottom.

[kxnipt]

Wanted to get your opinion. Isn't the fact that the banks are holding back foreclosure inventory, just creating another 'bubble' that will need to pop, further decreasing prices?

[griede]

kxnipt,

Bubble, no but the banks aren't doing themselves any favors. While buyers are willing and able to buy, the banks need to latch on and get these properties off their books. Hanging on is costing them money and as more time goes by and loans are harder to get, the banks are taking one hell of a chance. They may find themselves owning property for a long time and finally handing them over to the cities and counties.

[griede]

Sorry Kxnipt, I meant to give you a thumbs up and hit the wrong one. I'd undo it if I could.

[griede]

Sorry Kxnipt, I meant to give you a thumbs up and hit the wrong one. I'd undo it if I could.