For the second month in a row, a Veristone client found excellent value at the foreclosure auction by securing two parcel for the price of one. While performing due diligence on this Pierce County property, the client realized that there was a second unfinished housing frame on the additional parcel that nobody else knew about. Where other buyers saw a 1,380 square foot home with…
VERISTONE DEALSHEETLOAN AMOUNT: $290,000FINAL SALES PRICE: $475,000LOAN DATE: March 2013 to June 2013LOCATION: Buckley, Pierce County ResidentialLOAN TYPE: Auction Loan, 9 Month Term DETAILS: This very unique property was purchased at the Pierce County foreclosure auction in early March 2013 for $333,000. This property was purchased by a very experienced real estate investor who works with John L Scott Foreclosure Services. The house boasts 2700+ square feet and sits on a…
VERISTONE DEALSHEET LOAN AMOUNT: $139,000FAIR MARKET VALUE: $280,000LOAN DATE: Funded May 2013LOCATION: Bremerton, Kitsap County ResidentialLOAN TYPE: Auction Loan, 9 month Term DETAILS: The subject property was sold at the Kitsap County foreclosure auction in late May 2013 for $160,000. The borrower is a highly experienced real estate and foreclosure investor, who specializes in Kitsap, Pierce and Thurston counties. The subject property is over 2500 square feet and has substantial…
VERISTONE DEALSHEET LOAN AMOUNT: $126,000 FINAL SALES PRICE: $228,000 LOAN DATE: December 14th, 2012 to April 1st, 2013 LOCATION: Maple Valley, King County- Residential LOAN TYPE: Auction Loan, 9 Month Term DETAILS: Our Veristone Capital borrower obtained the subject property at the King County foreclosure auction in December 2012 for $144,000. The borrower is an experienced real estate investor who partnered with Skyline Properties and…
VERISTONE CAPITAL DEALSHEET LOAN AMOUNT: $137,000FINAL SALES PRICE: $225,000LOAN DATE: November 2012 thru April 2013LOCATION: Tacoma, Pierce County- ResidentialLOAN TYPE: Auction Loan, 12 month termDETAILS: The subject property was one of almost 50 auction deals funded by Veristone Capital in 2012. The property was purchased last November for $157,000 and was updated during the Holiday season with new carpet, new paint, and a refreshed kitchen. …
LIBERTY CAPITAL DEALSHEET LOAN AMOUNT: $97,000 FINAL SALES PRICE: $189,950 LOAN DATE: Funded-October 2012, Paid Off-January 2013 LOCATION: Marysville, Snohomish County- Residential TYPE: Foreclosure Auction Loan- 9 month Term DETAILS: The borrower, who has extensive experience in building and remodeling residential houses, purchased the property at the Snohomish County foreclosure auction using Liberty Capital Real Estate Services data and a Liberty Capital Network Realtor. The…
Although real estate inventory is still lower than it has been for decades, the availability of distressed and foreclosure properties may be on the rise as early as this fall. If you’re a real estate agent who is interested in earning commissions selling foreclosures, you might consider partnering with a specialty lender who is experienced in the field of REO properties. While they are experts…