On Cinco De Mayo, the lenders didn't take a holiday.  Instead, they took back more properties because there were not enough bidders to swallow up the outstanding deals....  Just look at how much you could have saved on these three homes in Orange County.....

An Estate-sized Family Home on a secluded corner of Orange County at 10 Night Sky in Newport Coast was valued at $4,235,500.00, with loans in excess of $7 Million.  The price at auction was only $2,426,678.00.  It is now an REO!!!

A large 4BR/2.5BA Family Home at 1817 E. Cypress St. in Anaheim was valued at $289,500.00, which is already a very low price for a nice home near Disneyland.  It went to auction at only $182,802.00.  It is now an REO!!!

A 2BR/1BA Home at 1133 W. Cubbon St. in Santa Ana was valued at $427,000.00.  The auction price was only $210,000.00.  It is now an REO!!!

If you are waiting for the market to hit a bottom....   know that no one knows what the bottom looks like until it's over.  Is it going to be a shallow bottom?  We think so.  Which means the time to buy is already here.  A buy and hold strategy is looking like the best and smartest way to create your long-term portfolio.  Even if prices take another fall, you will be fine if you buy wisely.  Always find a bargain, and you will be ready to weather anything.  If the market swings back up, you will be even better off.  Want to know more?   Come to our next seminar and ask Kurt or Ward your questions...