Mission Viejo and Orange County, California Real Estate Blog Foreclosure Deals March 9th, 2007 12:25 PM Daily Real Estate News  |  March 5, 2007Foreclosure Deals Require Crunching the Numbers Buying foreclosures can make good financial sense, but it’s not as easy as the “If I can do it, you can do it” that television infomercials make it seem. “This is hard work,” says Daryl White, a foreclosure investor in Valencia, Calif. White uses a spreadsheet to figure the costs associated with investing in a particular property. The goal, he says, is to buy at 30 percent below the after-repaired market value. Half of the discount allows him to cover such expenses as holding costs and repairs, while the other half earns him a profit. The formula is taught through Foreclosures.com, a foreclosure listing service. In the “changing market” White says he's experiencing, he has to factor in that houses are taking three to five months to sell, which adds to his holding costs, he says. Never rely on appreciation to make a foreclosure deal work, White and others advise. Source: MarketWatch, Amy Hoak (03/03/07) Posted by Gail McClendon on March 9th, 2007 12:25 PMPost a Comment (0) * Name: * Email Address: URL: Comment:         Type the characters you see in this picture, click "Submit" when finished.   This helps us prevent automated programs from posting comments and sending spam. * Name: * Email Address: Address: City: State: Zip:   This helps us prevent automated programs from creating bogus contacts and adding them to your contacts database.

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Feel free to contact me about anything do with Real Estate including, short sales, forclosures, buying a home, selling a home,Orange county schools, lakes, activities, taxes, relocation, Mission Viejo houses with lake views, lake front.  Call Gail direct @ 949-422-4343