Lafayette CA Foreclosure Properties

Well, we knew it was coming: Jake Pavelka and Vienna Girardi have called it quits.

Yes, the stars of the television show “The Bachelorette” are no longer together.  And there is only one way for poor Jake to mend his broken heart – to sink his teeth into one of these incredible Lafayette CA foreclosures!

REO’s (“Real Estate Owned”, meaning bank foreclosed properties) can be a great way to get into a home for far less than it would normally cost.  But the transactions are not for the faint of heart!

Jake will need to understand the way these things are handled, then prepare himself for some ups and downs! 

First, you are not dealing with a normal Seller.  These homes are typically handled by an agent of the lending institution that held the loan on the home.  This person has never lived in the home – they probably have never even seen the home – and has no personal interest in whether or not the home sells.

And even though banks hate to admit it, this is not what they are good at doing.  I have seen banks make incredible mistakes and only end up costing themselves money, but they can also frustrate and chase away a perfectly good Buyer in the meantime.

And Jake thought Vienna Pavelka was a handful!

Also, banks do have the same burden of disclosure that typical human owners have. 

All the same, banks do have to operate in a non-deceitful manner and must disclose all material facts known to them. They must disclose the existence of seismic zones, fire hazard areas, and special studies or flood zones that may have an effect on the property. 

Depending upon how much the bank wants to get the non-performing loan off the wrong side of its balance sheet, you may be able to make an offer the bank simply will not refuse!

If you do decide this is the kind of opportunity that you would like to take advantage of, there are some things to remember:

1. Cash is king.  The closer you can get to a cash transaction, the more eager the bank will be to accepting your offer.  At a minimum, get pre-approved from an established lender.

2. Forget the funny stuff.  Make your offer as neat and clean as possible.  Credits and/or repairs are not typically the kinds of things the banks want to deal with.  Simple is better.

3. By all means, inspect the property.  But don’t think this allows you to make a honey-do list for our little banker!  You may very well have some work to do, and the bank wants you to know that you are the one who will be doing it.

Now for the good stuff:

Here are the best deals in Lafayette California – and they are all Lafayette CA foreclosures.  From modest 3 bedroom 2 bath homes around 2000 square feet to 5 bedroom 6000 square foot mansions on 11 acres.  All have garages – some 2 car and some 3 car – some have in-law or au pair units.  And two of them are simply spectacular!

From Burton Valley to Saranap to Happy Valley, this could be a way to get your dream home for a song or remodel and redecorate your way into one of the best locations in Contra Costa County!

Please note: These listings are active as of June 22, 2010.  If you are viewing it after that date, some may be pending or sold and will not show.

However, if you would like information on this home, or if you would like to see the LATEST listings in any Contra Costa County locale, please contact me at: mailto: Bob@RobertLilley.com   and I will happy to send an update directly to you!

Showing properties 1 - 5 of 7. See more Lafayette foreclosure homes for sale 6/22/2010.
(all data current as of 9/5/2010)

1. $1,119,000 : 889 Mountain View Dr, Lafayette
   
   4 beds, 3 full, 1 part baths

   Size: 4,778 sq ft

   Lot size: 23,870 sq ft
2. $656,900 : 3151 Withers Ave, Lafayette
   
   4 beds, 3 full baths

   Size: 2,455 sq ft

   Lot size: 16,500 sq ft
3. $969,000 : 23 El Cajon, Lafayette
   
   6 beds, 4 full baths

   Size: 2,991 sq ft

   Lot size: 1.01 ac
4. $503,880 : 1075 Elizabeth St, Lafayette
   
   1 beds, 1 full bath

   Size: 1,056 sq ft

   Lot size: 24,140 sq ft
5. $579,000 : 630 Francis Dr, Lafayette
   
   3 beds, 2 full baths

   Size: 2,180 sq ft

   Lot size: 11,200 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Take a look at our Buyers Page and see how we can save you money and guarantee your next home will be the Home of your Dreams!

Still didn’t find what you are looking for?  We can find it!  Just send your request and we will send a list of homes directly to you!

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