NewswireToday - /newswire/ -
San Diego, CA, United States, 2008/04/24 - In a real estate market riddled with foreclosures and Real Estate Owned (REO), real estate giant HouseRebate.com is again causing a buzz by outpacing competition in providing the most comprehensive Foreclosure Search Tool to San Diego home buyers.
With just one quick click, San Diego home buyers can get on the virtual Foreclosure tour bus to view all the REO foreclosures for sale in listed in the San Diego Multiple Listing Service (MLS) real estate market.
This new Bank Owned foreclosure search tool saves consumers time and money by allowing them access from any internet connection to view the latest REO foreclosures. "To view Real Estate Owned properties, most real estate agents are loading people on a bus to drive around wasting the day looking at properties that might not even fit their criteria," states Brian Yui, CEO of HouseRebate.com. "Our San Diego Foreclosure Search Tool allows investors and home buyers to view properties that match their search criteria from the comfort of their computer."
In the past, the process of buying foreclosed home in San Diego meant buying a list of San Diego real estate with the hopes that the property will actually be auctioned off for sale. Unlike those lists of property in foreclosure, REO properties offered by HouseRebate.com are have been foreclosed already and are ready for sale by banking institutions. Real Estate buyers now get to benefit from the lenders selling their San Diego foreclosed properties at discounts.
With discounts of up to 10% or more off existing sales comparables, the San Diego REO foreclosures and San Diego banked owned properties are priced competitively to allow the lenders to remove these properties off the books in 30 days or less. "The silver lining for San Diego home buyers is finally here in savings and availability," states Brian Yui. "The new San Diego Foreclosure Search Tool of bank owned properties, only available through HouseRebate.com, gives home buyers the ability to shop for San Diego real estate properties on their terms and save thousands of dollars on available properties."
In a foreclosure market, many lenders require all contingencies, including loans, be removed within 10 days. Through HouseRebate.com's strong alliance with Aimloan.com, San Diego home buyers can take advantage of these REO foreclosures quicker than other buyers as Aimloan.com provides full loan approval within 10 days. Having full loan approval in 10 days gives borrowers a competitive advantage over other potential buyers. "Borrowers can get loan approval instantly online subject to title and appraisal," states Vince Kasperick, CEO of Aimloan.com. "Aimloan.com can complete the title and appraisal within 10 days so San Diego real estate buyers can have full loan approval faster than the usually 17 to 30 days approval."
HouseRebate (houserebate.com) is a full service value real estate company. HouseRebate maintains a seasoned staff of agents who provide all the services that traditional real estate offices offer at discount pricing, offering reduced commissions on sales and rebates 33% of its commissions on purchases. HouseRebate is a member of the National Association of Realtors®.
AimLoan.com is a San Diego-based direct lender, licensed in 43 states, as well as by Fannie Mae, Freddie Mac and HUD. Since 1998, AimLoan has funded over $3 Billion in mortgages to over 15,000 customers throughout the country. AimLoan's website allows customers to view rates and obtain a Good Faith Estimate online, 24/7. Customers may apply online, obtain an online approval and lock their rate online, the entire process taking about 20 minutes.