Tuesday, November 25, 2008

Chico Foreclosures for the week of Tuesday November 25, 2008

Currently there are 24 active foreclosures on the Chico MLS. Chico Real estate is very dynamic. It is not uncommon for properties to enter and exit the market in a day or two.


Want the best value in Chico????? To recieve daily updates on Chico foreclosures, call me at 530-809-3754.
Or view all Chico Foreclosures with their pictures online at www.matthewherman.com


Asking Address Beds Bath Year Built Sq Feet
$124,900 1135 OAKDALE ST 2 1 1940 816
$129,900 476 EAST AVE 3 1.5 1955 1777
$144,500 1367 E 10TH STREET 3 1 1935 1120
$149,000 9416 GOODSPEED ST 3 1.5 1976 1079
$157,900 384 E 5TH AVENUE 2 1 1948 909
$167,190 1957 CITRUS AVENUE 2 1 1955 1062
$169,900 188 CONNORS AVE 3 1 1949 1366
$199,900 9640 COHASSET RD 2 1 1973 1748
$199,900 1936 ARCADIAN AVE 3 2 1946 1500
$199,900 1182 WHITEWOOD WAY 3 2 1999 1127
$205,680 365 YARROW 3 2 2005 1470
$213,900 43 SKYWALKER COURT 3 2 2005 1181
$224,900 2831 CEANOTHUS AVE 3 2 2006 1435
$231,900 48 ARTESIA DR 3 2 2002 1233
$234,596 2839 CEANOTHUS AVE 3 2 2006 1435
$234,900 31 KIMBERLEE LN 3 2 1972 2000
$235,000 1879 MANZANITA AVE 3 2 1984 1404
$249,500 2640 CEANOTHUS AVE 3 3 2006 1723
$279,000 249 W LINDO AVE 3 3 1978 2116
$283,910 2738 CEANOTHUS AVE 4 2.5 2006 2071
$285,000 1457 MANZANITA AVE 3 2 2004 2132
$358,900 3161 CALISTOGA DR 4 2 1994 2202
$559,900 4659 GARDEN BROOK DR 4 3 1990 4095
$599,900 130 DONALD DRIVE 3 3 1987 3214


-=-=-=-=-=-=-=-=-=-
Matthew Herman
Keller Williams Realty
530-809-3754 (Office)
530-808-3755 (Fax)
530-518-0974 (Cell)

matt@MatthewHerman.com

Dont forget to check out all of Chicos listings at www.matthewherman.com

Other Helpful Resources
www.matthewherman.com
www.chiconeighborhoods.com -- Helpful information about Chico���s neighborhoods
chicohomes.blogspot.com -- Chico's Real Estate Blog

Wednesday, November 19, 2008

Chico Foreclosures for the week of Wednesday November 19, 2008

Currently there are 19 active foreclosures on the Chico MLS. Chico Real estate is very dynamic. It is not uncommon for properties to enter and exit the market in a day or two.


Want the best value in Chico????? To recieve daily updates on Chico foreclosures, call me at 530-809-3754.
Or view all Chico Foreclosures with their pictures online at www.matthewherman.com


Asking Address Beds Bath Year Built Sq Feet
$124,900 1135 OAKDALE ST 2 1 1940 816
$139,900 476 EAST AVE 3 1.5 1955 1777
$144,500 1367 E 10TH STREET 3 1 1935 1120
$149,000 9416 GOODSPEED ST 3 1.5 1976 1079
$167,190 1957 CITRUS AVENUE 2 1 1955 1062
$169,900 188 CONNORS AVE 3 1 1949 1366
$199,900 9640 COHASSET RD 2 1 1973 1748
$199,900 1936 ARCADIAN AVE 3 2 1946 1500
$216,505 365 YARROW 3 2 2005 1470
$224,900 2831 CEANOTHUS AVE 3 2 2006 1435
$234,596 2839 CEANOTHUS AVE 3 2 2006 1435
$234,900 31 KIMBERLEE LN 3 2 1972 2000
$249,500 2640 CEANOTHUS AVE 3 3 2006 1723
$279,000 249 W LINDO AVE 3 3 1978 2116
$283,910 2738 CEANOTHUS AVE 4 2.5 2006 2071
$285,000 1457 MANZANITA AVE 3 2 2004 2132
$371,900 3161 CALISTOGA DR 4 2 1994 2202
$559,900 4659 GARDEN BROOK DR 4 3 1990 4095
$599,900 130 DONALD DRIVE 3 3 1987 3214


-=-=-=-=-=-=-=-=-=-
Matthew Herman
Keller Williams Realty
530-809-3754 (Office)
530-808-3755 (Fax)
530-518-0974 (Cell)

matt@MatthewHerman.com

Dont forget to check out all of Chicos listings at www.matthewherman.com

Other Helpful Resources
www.matthewherman.com
www.chiconeighborhoods.com -- Helpful information about Chico���s neighborhoods
chicohomes.blogspot.com -- Chico's Real Estate Blog

Thursday, November 13, 2008

Buying Foreclosures on the Court House Steps. I won't...

I recently have had clients ask me why the properties going back to the lender had such a low opening bid. Upon doing some research and speaking with some different experts, we have concluded that there is apparently some financial, insurance or accounting gain for a lender to start with a low opening bid on some of the transactions. Even when they plan on bidding the property up to a higher amount.

Example:
House Market value $300,000
Value to lender $285,000
Loan amount due and showing as opening bid $325,000

Actual Opening bid at auction $175,000
If there are bidders at the at the auction the bank will often bid the property up to their DETERMINED value amount of $285,000. If there are no bidders it appears to go back to the lender at the low amount of $175,000.
Don't be fooled. The banks aren't letting these properties go for nothing.
And as I have stated before, buying at auction is the most dangerous purchase in real estate that I have seen and I DO NOT recommend it.

On the positive side we have been having great success with short sales. It appears these departments are getting organized and realistic offers are being excepted and are going through. Our escrow officers have really worked out a great process to have a successful short sale close.

Tuesday, November 11, 2008

Chico Foreclosures for the week of Tuesday November 11, 2008

Currently there are 22 active foreclosures on the Chico MLS. Chico Real estate is very dynamic. It is not uncommon for properties to enter and exit the market in a day or two.


Want the best value in Chico????? To recieve daily updates on Chico foreclosures, call me at 530-809-3754.


Asking Address Beds Bath Year Built Sq Feet
$124,900 1135 OAKDALE ST
Click Here for more info
2 1 1940 816
$139,900 476 EAST AVE
Click Here for more info
3 1.5 1955 1777
$148,900 2159 ELM ST
Click Here for more info
4 2 2003 1344
$149,000 9416 GOODSPEED ST
Click Here for more info
3 1.5 1976 1079
$167,190 1957 CITRUS AVENUE
Click Here for more info
2 1 1955 1062
$169,900 188 CONNORS AVE
Click Here for more info
3 1 1949 1366
$199,900 9640 COHASSET RD
Click Here for more info
2 1 1973 1748
$216,505 365 YARROW
Click Here for more info
3 2 2005 1470
$219,900 4 DORIS WAY
Click Here for more info
3 2.5 1973 1525
$229,900 2685 SILVER OAK DR
Click Here for more info
3 2 1998 1431
$234,596 2839 CEANOTHUS AVE
Click Here for more info
3 2 2006 1435
$235,000 1879 MANZANITA AVE
Click Here for more info
3 2 1984 1404
$249,000 31 KIMBERLEE LN
Click Here for more info
3 2 1972 2000
$249,000 2831 CEANOTHUS AVE
Click Here for more info
3 2 2006 1435
$249,500 2640 CEANOTHUS AVE
Click Here for more info
3 3 2006 1723
$279,000 249 W LINDO AVE
Click Here for more info
3 3 1978 2116
$299,405 2738 CEANOTHUS AVE
Click Here for more info
4 2.5 2006 2071
$304,900 1457 MANZANITA AVE
Click Here for more info
3 2 2004 2132
$371,900 3161 CALISTOGA DR
Click Here for more info
4 2 1994 2202
$499,500 4426 HUMBOLDT PARK DR
Click Here for more info
3 2.5 2005 2639
$559,900 4659 GARDEN BROOK DR
Click Here for more info
4 3 1990 4095
$599,900 130 DONALD DRIVE
Click Here for more info
3 3 1987 3214


-=-=-=-=-=-=-=-=-=-
Matthew Herman
Keller Williams Realty
530-809-3754 (Office)
530-808-3755 (Fax)
530-518-0974 (Cell)

matt@MatthewHerman.com

Dont forget to check out all of Chicos listings at www.matthewherman.com

Other Helpful Resources
www.matthewherman.com
www.chiconeighborhoods.com -- Helpful information about Chico���s neighborhoods
chicohomes.blogspot.com -- Chico's Real Estate Blog

Tuesday, November 4, 2008

Chico Foreclosures for the week of Tuesday November 4, 2008

Currently there are 27 active foreclosures on the Chico MLS. Chico Real estate is very dynamic. It is not uncommon for properties to enter and exit the market in a day or two.


Want the best value in Chico????? To recieve daily updates on Chico foreclosures, call me at 530-809-3754.


Asking Address Beds Bath Year Built Sq Feet
$119,900 254 E 15TH STREET
Click Here for more info
2 1 1941 732
$124,900 1135 OAKDALE ST
Click Here for more info
2 1 1940 816
$139,900 476 EAST AVE
Click Here for more info
3 1.5 1955 1777
$148,900 2159 ELM ST
Click Here for more info
4 2 2003 1344
$149,000 9416 GOODSPEED ST
Click Here for more info
3 1.5 1976 1079
$167,190 1957 CITRUS AVENUE
Click Here for more info
2 1 1955 1062
$169,900 188 CONNORS AVE
Click Here for more info
3 1 1949 1366
$199,900 9640 COHASSET RD
Click Here for more info
2 1 1973 1748
$214,900 2460 ENGLAND ST
Click Here for more info
3 2.5 2000 1180
$216,505 365 YARROW
Click Here for more info
3 2 2005 1470
$219,900 4 DORIS WAY
Click Here for more info
3 2.5 1973 1525
$234,596 2839 CEANOTHUS AVE
Click Here for more info
3 2 2006 1435
$234,900 710 GRAND TETON WAY
Click Here for more info
3 2 1980 1470
$235,000 1879 MANZANITA AVE
Click Here for more info
3 2 1984 1404
$244,900 2685 SILVER OAK DR
Click Here for more info
3 2 1998 1431
$249,000 31 KIMBERLEE LN
Click Here for more info
3 2 1972 2000
$249,000 2831 CEANOTHUS AVE
Click Here for more info
3 2 2006 1435
$249,500 2640 CEANOTHUS AVE
Click Here for more info
3 3 2006 1723
$250,000 2970 GODMAN AVE
Click Here for more info
3 3 1979 1834
$255,320 2295 BAR TRIANGLE ST
Click Here for more info
3 2 1993 1678
$264,900 2035 CECELIA LN
Click Here for more info
3 3.5 1984 2714
$279,000 249 W LINDO AVE
Click Here for more info
3 3 1978 2116
$299,405 2738 CEANOTHUS AVE
Click Here for more info
4 2.5 2006 2071
$304,900 1457 MANZANITA AVE
Click Here for more info
3 2 2004 2132
$371,900 3161 CALISTOGA DR
Click Here for more info
4 2 1994 2202
$499,500 4426 HUMBOLDT PARK DR
Click Here for more info
3 2.5 2005 2639
$559,900 4659 GARDEN BROOK DR
Click Here for more info
4 3 1990 4095


-=-=-=-=-=-=-=-=-=-
Matthew Herman
Keller Williams Realty
530-809-3754 (Office)
530-808-3755 (Fax)
530-518-0974 (Cell)

matt@MatthewHerman.com

Dont forget to check out all of Chicos listings at www.matthewherman.com

Other Helpful Resources
www.matthewherman.com
www.chiconeighborhoods.com -- Helpful information about Chico���s neighborhoods
chicohomes.blogspot.com -- Chico's Real Estate Blog