Pasadena still flooded with foreclosures

The city of Pasadena is still flooded with foreclosures, Real Estate Owned (REO) and bank owned properties. Right now there are over twenty bank owned properties for sale in the market right now. These foreclosed homes can be picked up by first-time homebuyers, investors, or buyers looking to upgrade to a bigger house. Most of the homes range between $400,000 and $600,000, dependent on the size, location and condition. However, there are a few below that price range and a couple homes above that price range in Pasadena. Often these homes are priced below market value because the banks have no interest in holding on to them. It is in their best interest to get them sold.

What should we expect when looking at foreclosures? As a buyer looking to buy foreclosures, one thing we have noticed about several of the Pasadena properties is that they often need a little work or cleaning before moving in. The people leaving these homes were not worried about reselling them, so they often leave a little work behind. If you're okay with putting in a little work (or hiring someone to do it for you), you can often times save thousands of dollars.

BeautifulPasadenaHomes.com has Pasadena Real Estate Agents that are specializing in finding good foreclosures for buyers. If you would like a hot list of foreclosed homes in Pasadena, sign up for the REO - Foreclosure - Bank Owned List and be the first to get an email with pictures when a new bank owned property goes on the market.