Foreclosure / Bank Owned (REO) Info Archives

5 Reasons Why You May Not Want to Buy A Central Coast Foreclosure

May 11, 2012
Vandenberg AFB Homes
Buyer Info, Foreclosure / Bank Owned (REO) Info

5 Reasons Why You May Not Want to Buy A Foreclosure In my area, we are finally seeing a small decrease in the number of foreclosure (REO) properties sold. Given the state of the economy and the ever-present and ever-threatening…

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Foreclosures in Arroyo Grande, Avila Beach, Buellton, Grover Beach, Lompoc, Los Alamos, Nipomo, Oceano, Pismo Beach, San Luis Obispo, Santa Maria-Orcutt, Santa Ynez, Solvang

Santa Maria – Orcutt CA HUD Home For Sale in Desirable Foxenwood Estates – 1037 Foxenwood Drive

June 5, 2011
Vandenberg AFB Homes
Foreclosure / Bank Owned (REO) Info, Santa Maria

Come see this Orcutt California HUD Home For Sale in desirable Foxenwood Estates. This spacious one story home offers 4 bedrooms and 2.5 baths and is over 2000 square feet in size. This home was built in 1977 and has a quarter acre lot with established fruit trees.

5 Facts About Buying HUD Homes on the Central Coast

May 22, 2011
Vandenberg AFB Homes
Buyer Info, Foreclosure / Bank Owned (REO) Info, Santa Maria

You need a HUD Selling Broker to purchase a Central Coast HUD property. Only a registered HUD Selling Broker can place a bid on a HUD property for you. Mint Properties is a HUD Selling Broker and can help you place a bid on a local HUD home.

How Many Foreclosures Are Closing Escrow in Santa Maria, California?*

May 17, 2011
Vandenberg AFB Homes
Foreclosure / Bank Owned (REO) Info, Santa Maria

In the Santa Maria - Orcutt California area, there are currently 667 active, contingent, or pending homes and condos for sale. Of those 667 homes, 167 are foreclosure listings. Of those 167 REO listings, 7 are “contingent REO.” A contingent REO is a foreclosure listing with a verbally accepted offer.

Do Santa Barbara County Tax Assessor’s Records Tell You If an Improvement to a Home is Permitted?

November 14, 2010
Vandenberg AFB Homes
Buyer Info, Foreclosure / Bank Owned (REO) Info

The answer is no. The Assessor’s records tell you only what the county assessor has discovered (through its many methods) about a property, it does not tell you if improvements have been permitted. Just this past week, I investigated two properties in Lompoc for a client.

Pismo Beach Luxury Foreclosure Real Estate Update

November 8, 2010
Vandenberg AFB Homes
Buyer Info, Central Coast Real Estate, Foreclosure / Bank Owned (REO) Info, Market Trends, Pismo Beach

Looking at the luxury real estate market in Pismo Beach, there are currently 52 homes and condos priced above $700,000 with an average list price of about $1,289,000 and 180 days on market, and a median asking price of $1,062,500. Average asking price is about $550 per square foot. Looking at the Pismo Beach luxury foreclosure market, there was one active luxury foreclosure listing and there were no available short sales in Pismo Beach. There are two contingent short sales, and one pending foreclosure (REO) sale.

How to Buy Foreclosures in Santa Maria – What Type of Offers do the Banks Want?

November 7, 2010
Vandenberg AFB Homes
Foreclosure / Bank Owned (REO) Info, Santa Maria

Cash Offers. Banks love cash offers. Why? Because they can close quickly and without any requests for repairs from a buyer. What is the down side to a cash offer from a bank’s point of view? Cash offers tend to be lower than financed offers.

When is a Foreclosure Removed from Your Credit Report?

When is a foreclosure removed form your credit report?

Nipomo Luxury Foreclosure Real Estate Update

October 24, 2010
Vandenberg AFB Homes
Central Coast Real Estate, Foreclosure / Bank Owned (REO) Info

Looking at the luxury real estate market in Nipomo California, there are currently 37 homes priced above $600,000 with an average list price of about $1,066,000 and 191 days on market, and a median asking price of $749,000. Looking at the Nipomo luxury foreclosure market, there were no active luxury foreclosure listings and there was one available short sale in Nipomo.