East Bay Short Sale Group is very proud to have been interviewed and quoted in the most recent April 2011 Diablo Magazine article titled “Boom, Bust, Bargain!” The focus of the article is around the challenges and opportunities of our current real estate market, with an emphasis on default inventory including short sales and REOs. East Bay Short Sale Group has become the premiere recognized resource for East Bay Real Estate focusing on short sales.
Here is a brief excerpt from the April 2011 Diablo Magazine article :
‘The first port of call for a foreclosed property is a cash-only auction at the courthouse. “These auctions can be a great value for buying properties, but this isn’t for the weak of stomach,” says Scott Fuller of the East Bay Short Sale Group of J. Rockcliff Realtors. “Homes are usually sold as is and sight unseen [inside], without the ability to do inspections or have contingency periods.”
Most foreclosures don’t sell at auction and end up as bank-owned sales. “I urge my buyers and sellers of default property to consult with a certified public accountant and attorney to determine what tax, legal, and other implications may exist with the transaction before proceeding,” says Fuller.’
Click here to read the article in its entirety: Diablo Magazine – Boom, Bust, Bargain
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