Foreclosure is a legal process that allows the lender to take possession of the property and sell it to recover the outstanding loan balance.8.

A lot of buyers in the past couple years purchased with the intent to rent their homes on a short-term basis (Airbnb) which caused prices to shoot up and for one reason or another, a lot of these buyers are deciding to cash out which is creating a large inventory of homes in residential neighborhoods and putting downside pressure on home prices.We are definitely seeing home prices in residential neighborhoods coming down a lot and with the high level of inventory, there seems to be more room to come down.Home prices on acreage in the more affluent parts of Joshua Tree and Yucca Valley (south of the 62 Highway) are slower to come down.

You would need to pay back the lienholder the outstanding principal balance of your loan plus any associated fees (Prepayment, discharge, etc.)

However, the Perseid meteor shower hits the Joshua Tree area in August and this brings a lot of stargazers to the area in August because you can see TONS of shooting stars in August.Regarding saturation, you want to avoid buying a property in a residential neighborhood and opt for something on acreage with good separation from neighbors and ideally south of Highway 62.

AKA it is a way to access some of the money you've put into your home while also making sure you can still afford your mortgage payments and other debts.You will need a renter in place as rental income is apart of the calculations when underwriting these loans in addition to the other factors you mentioned like monthly housing expenses (PITIA: principle, interest, taxes, insurance, assocaited fees ARV, debt outstanding.

They are also both just over the County line in Yuba County where there are virtually no short-term rental restrictions (we were Airbnb'ing the larger house for a while and averaging $4-5k per month).8911 and 8917 state highway 20 smartsville

Offer free services or models of sharing that data to other brokers at a price that do not equate to highway robbery.  

Did you already return their security deposit without checking for outstanding bills on the property?

On the opposite side of the coin you can buy land for storage units in places where the land can't really be used for anything else (Near RR bridges, highway off ramps, etc..) .

Verify if there are any outstanding violations or issues that need to be addressed.Financial Analysis: Review the property's financial records, including income statements, expense reports, tax assessments, and utility bills.