As foreclosure numbers decline, the buying business changes. Since 1990, California real estate has been hurting. Building has been way down, prices have declined, and foreclosures skyrocketed. When the boom of the 1985-1990 period ended, prices had escalated to an all time high of 211% of the average national price. Only 17% of Californians could [...]
Author Archives: Bruce Norris
Get ready to rock!!
October 1, 1998 – 5:28 pm
California reminds me of the stages a volcano goes through prior to eruption. The lenders are taking less property back and being able to sell existing inventory more easily. Trustee sales are down statewide for the first time since 1990. Population in most California counties is growing steadily and the job market is picking up [...]
GOING…GOING…GONE…
September 1, 1998 – 5:10 pm
If the results of the last HUD action are any indication, The California Comeback is in full swing.
HUD auctions have been about 400 homes. They usually began advertising about four weeks prior to the auction and the auctions were spaced about three months apart. This last auction was completely different. There were 753 properties for [...]
Joining Together Can Benefit All
August 1, 1998 – 4:59 pm
Investors, imagine being educated in the art of finding great deals and having a statewide source of money, partners, or people to flip to.
Imagine being able to work together with fellow investors, advertising properties to flip or sell with no qualifying in the largest newspapers at a fraction of its former cost. Further imagine a [...]
OPPORTUNITIES FOR LEASE OPTIONS
July 1, 1998 – 4:52 pm
I once had a picture in my office of a lonely mountain goat standing on the side of a deserted mountain. The caption was, “I’m so far behind, I think I’m first!”
That’s how it feels to be talking about the benefits of holding on to property. My reputation has been built by developing the ability [...]
MY STORY [Excerpted From ``Food Stamps to Fortune"]
June 1, 1998 – 4:41 pm
My story starts on Monday 6, 1970 my wedding date to Marsha, my wife now of over twenty-seven years. It was my life’s greatest decision. The only problem with that decision was we were only 17 years old. At 18 years and 10 months, we were the proud parents of two baby boys. My childhood [...]
WHAT REAL ESTATE PRICES CAN WE EXPECT?
May 1, 1998 – 4:27 pm
I have been very fortunate to find data relating to Notices of Default and Notices of Trustee Sale recorded statewide in California. Since the trends for both Northern and Southern California were similar, my study of the Southern California notices gives an excellent view of how foreclosures have affected prices throughout the state.
I will start [...]
April 1998 The Results Are In
April 1, 1998 – 4:12 pm
I couldn’t have been more pleased with the result of my new three day workshop and the new “private party” boot camp. With The California Comeback beginning to pick up steam, the buying business is shifting from lender inventory to private party owners.
Buying systems change and so do the skills needed to pull them off. The [...]
Why Real Estate Prices Will Double in the Next Eight Years
February 1, 1998 – 3:57 pm
LEARNING TO MAKE PROFITABLE DEALS
The year 1997 goes down as one of the greatest buying opportunities ever in California. Fortunately, 1998 will be exactly the same. Foreclosures are still high and inflation of real estate is just beginning. Those investors who buy during 1998 will be the millionaires of tomorrow.
To make sure you get your share, [...]
Why Real Estate Prices Will Double in the Next Eight Years
January 1, 1998 – 5:52 pm
WOW! WHAT A YEAR 1997 HAS BEEN!
For the past two years or so it has been my incredible privilege to be associated with Tim, Alexis and the entire staff of Foreclosures.com. I searched for a long time for a team of honest educational promoters. If you think it’s hard to find a 50% buy, try finding [...]
