patrick.net

Do you really know if that's all of them? I thought that all banks had websites that listed foreclosures (usually at unrealistic asking prices).

These are listed on the MLS as well. I've noticed lots of sites try to give the image of having properties that are exclusive to that site making you think you will get a good deal from reduced competition and agent BS.

zzyzzx says

Do you really know if that’s all of them? I thought that all banks had websites that listed foreclosures (usually at unrealistic asking prices).

So do these guys…

http://www.virtualbank.com/REO/REODetail.aspx?p=112

Ouch! All of those Florida regions, have mostly Condos.
The Math on Condos don't work anymore. When those first condos were built the Units went for a huge discount over SF homes, like 35K vs 79K for the same sq footage in a SFH. The Condo Fee was reasonable, they had to be reasonable, these were Senior retirees that were buying them. Not Yuppie Gen X'ers with more money than brains.

I've seen condo fees in recent years in MLS listings, as much as $500 a month, for those same 3 or 4 story Senior warehouse buildings, that I used to do carpet in 20 years ago. They were paying like $35 to $50 a month then and only paid 35K for the unit.

Condos are easy to love, but only when the price is right. Condo owners are the first to feel buyers remorse otherwise.

thomas.wong1986 says

zzyzzx says

Do you really know if that’s all of them? I thought that all banks had websites that listed foreclosures (usually at unrealistic asking prices).

So do these guys…
http://www.virtualbank.com/REO/REODetail.aspx?p=112

So that is $324/sq. ft. Good deal?

Indymac, now rebranded Onewest, also lists some of its REO inventory here: http://apps.indymacbank.com/individuals/realestate/search.asp

Do a search for properties over $1,000,000 and you get a whopping 10 results for the entire U.S.

Indymac specialized in Jumbo loans, but they are obviously keeping everything above $1 million in the shadows. No point in letting those see the light of day until the cheaper properties are sold...working their way up in price.

Mark_LA says

Indymac, now rebranded Onewest, also lists some of its REO inventory here: http://apps.indymacbank.com/individuals/realestate/search.asp
Do a search for properties over $1,000,000 and you get a whopping 10 results for the entire U.S.
Indymac specialized in Jumbo loans, but they are obviously keeping everything above $1 million in the shadows. No point in letting those see the light of day until the cheaper properties are sold…working their way up in price.

Not a smart decision on waiting for high end. Loose a $1 today or loose $1+ in future.