Jeannie Niles Real Estate Investment
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Riverside County #3 in U.S. for Foreclosures!
Realty Trac Inc reported that Riverside/San Bernardino Counties were #3 in the U.S. for foreclosure filings……1 filing for every 43 households!!!!
Since my primary area of doing business is in the Palm Springs area of Riverside County, I decided to do some additional research. Equity Title advises that for the period 10/8 to 11/8 there were 1740 foreclosures filed in Riverside County. 208 of those foreclosures were in the Palm Springs area, also known as the Coachella Valley. This calculates out to 12% of the total, a number far more comforting than one out of every 43 households
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Seven properties went into escrow in October.
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For Coachella Valley
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Multi-family properties have been the hardest hit segment in the desert area for number of sales during the current real estate downturn.
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I am always frustrated how the media and other trade groups use statistical data to prove the point they want to make, thus I like to do my own statistical research.
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It can be very profitable purchasing bank owned properties in the current real estate market.
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Some of the most outrageous episodes in property ownership that the owners lived to tell about.
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Only 5% sales agents or brokers actually own investment property, and only 10% actually sell a property.
Every investor's situation is unique, and I have over 25 years experience solving problems. Use the form below to ask me about your unique needs.
Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261
P: (760) 360-4020
F: (760) 340-9069
E: jniles@realestate-investment.com
