What are my best chances of buying a Irvine Townhome in Foreclosure?
It has been a dream for me to own a home and start my new family in Irvine, CA since my early 20s. Three years ago, I flew out to the Irvine ranch to be on the lottery to purchase a towhhome in Irvine, CA for $459,000 for a 3bed/3bath 1600 square feet. At that time i was single, and i had cold feet when my name was called. I thought the price was too high then. Til this day i regret not purchasing. Now as i am trying again to move to Irvine. I am looking for a townhome between 0-5 years (3 bed/ 3 bath 1600 square feet )for about $550,000 in Irvine. What are my best chances to get a home in foreclosure in Irvine. How can i go about seeking those opportunities? Also i am waiting to see if the Irvine real estate cools down a bit. Do you think the prices will go down about 10% by first quarter of 2008?
I have a feeling prices will not increase but also certainly not decrease. The market is slow but housing costs are still steady. You may want to look into buying a foreclosure. There are plenty of sites that you can search for properties nationwide or specifically in Irvine. There is a lot involved but it may be worth it if your motivated.
I use http://www.foreclosure.com when I was purchasing rental properties. You can take the 7-day trial to see if that’s really what route you want to take.
Happy hunting. You sound pretty motivated. That’s great just keep saving and go get that house in Irvine!
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