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Check out our Featured REO listings to get further details on these properties:
1136 Delay St Brea1513 Zachary Ct Brea1801 BLOSSOM Pl Brea197 N Thistle Rd Brea2900 Primrose Ave Brea3601 Falcon Way Brea3663 Falcon Way Brea401 Union Pl Brea532 S Poplar Ave Brea821 Cocao Pl Brea885 Kings Canyon Rd Brea1013 S Hastings Ave Fullerton1032 W HOUSTON Ave Fullerton1221 Hampton Ct Fullerton1251 Coach House Ct Fullerton1312 W FERN Dr Fullerton1316 W Woodcrest Ave Fullerton1319 El Mirador Dr Fullerton1331 EL MIRADOR Dr Fullerton1347 W Maxzim Ave Fullerton1358 W Hill Ave Fullerton1405 Starbuck St Fullerton1408 Atherton Cir Fullerton1409 W AMERIGE Ave Fullerton1466 W Valencia Dr Fullerton1531 Victoria Dr Fullerton1615 W FLOWER Ave Fullerton1714 W West Ave Fullerton1734 W Southgate Ave Fullerton1825 Celeste Ln Fullerton1854 Berkshire Dr Fullerton201 S Cedar Ave Fullerton2032 E Santa Fe Ave Fullerton2101 Seaview Dr Fullerton2213 N Derek Dr Fullerton228 S Raymond Ave Fullerton2309 Mesa Verde Fullerton2515 E Santa Fe Ave Fullerton2600 E Pearson Ave Fullerton2764 Ashwood Cir Fullerton2821 Hawks Pointe Dr Fullerton2949 Sequoia Ave Fullerton308 S Pine Dr Fullerton320 S Pine Dr Fullerton3212 W CAROL Dr Fullerton412 S Paula Dr Fullerton435 E Valencia Dr Fullerton620 W Rosslynn Ave Fullerton713 S Pine Dr Fullerton725 LAS RIENDAS Dr Fullerton743 W Rosslynn Ave Fullerton813 S ROOSEVELT Ave Fullerton1061 Candace Ln La Habra111 S Marian St La Habra120 N Lemon St La Habra121 N Virginia St La Habra1250 Lemon Tree Dr La Habra1360 Burwood St La Habra1411 Lorella Ave La Habra1441 Oak Tree Ct La Habra1550 WILTON Way La Habra200 Alpine St La Habra208 S Fonda St La Habra219 E Florence Ave La Habra2231 Gregory Ln La Habra2331 Morris Ave La Habra309 S Bedford St La Habra311 Lime St La Habra321 Grace Ave La Habra350 Oakland Dr La Habra360 E Rosecrest Ave La Habra411 N. Colfax Street La Habra421 N Palm St La Habra550 Clifton St La Habra560 E 1st Ave La Habra560 Laura St La Habra620 Palermo Way La Habra641 Clifton St La Habra641 N Palm St La Habra710 Chesham Ave La Habra820 N Palm St La Habra930 HILLSIDE St La Habra951 N Cypress St La Habra1008 Dorothea Rd La Habra Heights1221 Meadowland Dr La Habra Heights1678 Nabal Rd La Habra Heights2080 Ardsheal Dr La Habra Heights2524 Ardsheal Dr La Habra Heights434 E Avocado Crest Rd La Habra Heights
In a article published by ForeclosureU, an age old complaint by agents and brokers is addressed. Real Estate Professional Sites such as Active Rain have frustrated agents who have been addressing the issue of a world of REO listings dominated by a few. In my area of coverage, there are less than 6 agents/brokers who represent banks and their REO properties.
I have over 22 buyers who would love to buy some of these homes, but the elite REO listing agent seem "too busy" to tend to the offers let alone instructions in showing the property. Listing status is not updated on a timely basis, attitudes by supporting staff are worse than going to the DMV!
Hopefully something is done!
Here is an exerpt!
MLS Bank Homes Newswire 1/19/09From national correspondent: Ms.Catarina Huntington
That is the headline that Realtors can only hope for at this point in time. A more proportioned assignment of REO Lisitngs would have a dramatically positive impact on the Realtor industry. However, as of January 2009, REO Listing Agents continue to own a stranglehold on REO markets while the rest of the industry sinks in despair.
An investigation into the facts surrounding the REO listing market is interesting....
2 million foreclosures up for grabs
Nationwide the “private club” of REO Agents currently monopolizes about 1.7 million active REO listings. In 2009, 2.0 million more properties will foreclose and according to a recent report by "Credit Suisse" the US market will be averaging 2 + million foreclosures over each of the next 4 years.
Estimates are that 150,000 Realtors nationwide, provided the pertinent education, would be very qualified listing agents of REO properties. There are no specific prerequisites to become an REO Agent. Qualified Realtors simply need to possess a willingness to enter the REO arena and be thoroughly educated on the unique aspects of listing bank owned foreclosures.
Hence, there are 150,000 active full time Realtors in the United States with 2 million foreclosures "up for grabs". If divided equally each Realtor would close 13 REO listings per year for the next 4 years.
REO Agents Dominate Market
Instead, roughly 5,800 Realtors Nationwide sold 1.6 million REO homes in 2008. That translates into an average of 22 closed listings per REO Agent, PER MONTH. That certainly doesn't sound like a “spread the wealth” philosophy does it?
The REO industry's current model appears to provide for a single beneficiary: REO Listing Agents.
Unfortunately the industry’s model comes at the expense of the lenders themselves, frustrated buyers and the tens of thousands of agents left out to dry.
The vast majority of REO Agents are overwhelmed with inventory and under staffed. Realtors “in the field” showing REO properties tell me that they understand this “all to well”.
The systemic problem within the REO Agent "underground" appears to have a multitude of negative consequences which result in longer market times and lower sale prices, say industry sources.
1136 Delay St
Brea
$327,800.00
1513 Zachary Ct
$526,900.00
1801 BLOSSOM Pl
$346,750.00
197 N Thistle Rd
$567,700.00
2900 Primrose Ave
$725,000.00
3601 Falcon Way
$415,000.00
3663 Falcon Way
$499,000.00
401 Union Pl
$435,908.00
532 S Poplar Ave
$439,900.00
821 Cocao Pl
$416,179.00
2101 Seaview Dr
Fullerton
$525,500.00
1013 S Hastings Ave
$319,900.00
1032 W HOUSTON Ave
$284,900.00
1221 Hampton Ct
$739,900.00
1251 Coach House Ct
$629,900.00
1312 W FERN Dr
$619,900.00
1316 W Woodcrest Ave
$299,900.00
1319 El Mirador Dr
$478,000.00
1331 EL MIRADOR Dr
1347 W Maxzim Ave
$339,900.00
1358 W Hill Ave
$369,900.00
1405 Starbuck St
$664,900.00
1408 Atherton Cir
$719,900.00
1409 W AMERIGE Ave
1466 W Valencia Dr
$320,000.00
1531 Victoria Dr
$529,900.00
1615 W FLOWER Ave
$248,187.00
1714 W West Ave
$272,900.00
1734 W Southgate Ave
$335,000.00
1825 Celeste Ln
$527,250.00
1854 Berkshire Dr
$554,900.00
2032 E Santa Fe Ave
$349,900.00
2213 N Derek Dr
$406,900.00
228 S Raymond Ave
$295,900.00
2309 Mesa Verde
$634,900.00
2515 E Santa Fe Ave
$363,900.00
2600 E Pearson Ave
$409,700.00
2764 Ashwood Cir
$809,900.00
2821 Hawks Pointe Dr
$910,000.00
2949 Sequoia Ave
$599,000.00
308 S Pine Dr
$275,500.00
320 S Pine Dr
3212 W CAROL Dr
$259,900.00
412 S Paula Dr
$274,900.00
435 E Valencia Dr
$279,900.00
620 W Rosslynn Ave
$249,900.00
713 S Pine Dr
725 LAS RIENDAS Dr
$479,900.00
743 W Rosslynn Ave
$264,000.00
813 S ROOSEVELT Ave
$325,000.00
1061 Candace Ln
La Habra
111 S Marian St
$329,000.00
120 N Lemon St
$385,000.00
121 N Virginia St
$260,000.00
1250 Lemon Tree Dr
$569,900.00
1360 Burwood St
$639,900.00
1441 Oak Tree Ct
$514,900.00
1550 WILTON Way
200 Alpine St
208 S Fonda St
$241,900.00
219 E Florence Ave
$530,000.00
2231 Gregory Ln
$304,000.00
2331 Morris Ave
309 S Bedford St
311 Lime St
$324,900.00
321 Grace Ave
$229,000.00
350 Oakland Dr
$399,900.00
360 E Rosecrest Ave
$220,000.00
411 N. Colfax Street
$349,000.00
421 N Palm St
550 Clifton St
$243,000.00
560 E 1st Ave
$224,900.00
620 Palermo Way
$306,900.00
641 Clifton St
641 N Palm St
710 Chesham Ave
$244,900.00
820 N Palm St
$299,000.00
930 HILLSIDE St
$314,900.00
951 N Cypress St
$329,900.00
1008 Dorothea Rd
La Habra Heights
$524,900.00
1221 Meadowland Dr
1678 Nabal Rd
$574,900.00
2080 Ardsheal Dr
$654,900.00
2524 Ardsheal Dr
$689,900.00
434 E Avocado Crest Rd
$751,000.00
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