Paul's Bellingham Blog

My thoughts on Bellingham, the Real Estate market, and more

Bank Foreclosures in Bellingham in 2010

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I track all bank repo’s that go on the market, and in many cases, I find out about some of the best deals weeks before they are listed. Many of these are fixers that need a lot of work, and therefore don’t work out to be a great deal…But since I’ve been tracking these, I’ve seen many screaming deals listed in the last year. More and more, I am seeing newer homes, and others that just needed cosmetic repair. Many banks are listing 10-20% below market value, just to get these homes sold and off their books.  Expectations are that bank repo’s will continue to flood the market in to 2010.  

If you are considering buying Real Estate in 2010, the smart move is to start tracking these properties, so you can see what they are listing for, what is selling, and get familiar with the repossessed inventory.  I can add you to my email list to receive weekly or daily updates. Just fill out the form at this New Listing Notifier form.  Or you can search for Foreclosures in Bellingham and Whatcom County on my website.