Category Archives: Foreclosure / Bank Owned (REO) Info

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

Posted on June 5, 2011 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

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. Continue reading →

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

Posted on May 17, 2011 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

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. Continue reading →

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

Posted on November 14, 2010 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

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. Continue reading →

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Pismo Beach Luxury Foreclosure Real Estate Update

Posted on November 8, 2010 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

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. Continue reading →

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

Posted on November 7, 2010 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

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. Continue reading →

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When is a Foreclosure Removed from Your Credit Report?

Posted on October 26, 2010 by admin

When is a foreclosure removed form your credit report? Continue reading →

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Nipomo Luxury Foreclosure Real Estate Update

Posted on October 24, 2010 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

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. Continue reading →

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How to Buy HUD Foreclosures in Santa Maria & Orcutt

Posted on October 20, 2010 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

First you should find a HUD selling agent, as only HUD selling agents can show and write offers on HUD properties. Mint Properties is a HUD selling agent and can assist you with this process. Sometimes HUD properties are advertised on the local MLS, but I’ve found that often they are not. Typically, HUD homes are listed on Friday and you must check the HUD website to find their newly listed foreclosures.

Continue reading →

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Santa Maria Orcutt Luxury Foreclosures: Homes & Real Estate Update

Posted on October 15, 2010 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Looking at the luxury real estate market in Santa Maria and Orcutt California, there are currently 57 homes priced above $400,000 with an average list price of $657,303 and 179 days on market, and a median asking price of $515,000. Continue reading →

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Santa Maria Foreclosure Market Tip: What is a “Contingent REO?”

Posted on October 11, 2010 by admin

If you’ve been tracking the market for foreclosures for awhile, I’m sure you’ve come across a contingent REO and wondered what that means. An REO is an industry term for a foreclosure, and a contingent REO is one where an offer has been verbally accepted by the bank or the asset manager, but the paperwork is still being signed. Continue reading →

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