1275 single family homes sold in Santa Maria and Orcutt in 2009. This excludes PUDs, condos, and manufactured homes. This figure is slightly higher than the 1255 homes which sold … [Read more...]
People’s Self Help Housing Holds Seminar in Santa Maria
The Santa Maria Times reports that People's Self Help Housing is offering a seminar to help homeowners who are trying to prevent foreclosure. People's Self Help Housing is a HUD … [Read more...]
Santa Maria CA & Lompoc CA Foreclosure Buyers Can Choose Local Escrow Companies
Finally! For those of you who read my blog recall my recent blog post on buying a foreclosure and not receiving your keys until the day after it closes, it appears that the … [Read more...]
Santa Maria & Lompoc Buyers Betting on Appraisals to Save Them From Bidding Wars
There is intense competition for homes in the Santa Maria and Lompoc markets, especially for homes priced under $300,000. There simply aren't enough homes for interested buyers. … [Read more...]
Buying Central Coast REOs (Foreclosures) & Market Trends
Appraisal Fears. It appears that banks are beginning to fear appraisals. In the last two months, twice I had banks come back and make my buyer agree that they would stick with … [Read more...]
Another Twist to REO Contracts in the Santa Maria CA Market
I just received a counter offer back on a Bank of America property (formerly Countrywide) with a new twist that I haven't seen before in REO contracts. Countrywide officially … [Read more...]
Bank Owned (REO) Delays in the Central Coast Market
You would think that once a bank found a willing buyer, who won the extended "highest and best" bidding process for a foreclosure property, they would be hot to close the … [Read more...]

