Tag Archives: Grover Beach CA foreclosures

Buying Central Coast Foreclosures: Pre-Qualification Blues

Posted on March 3, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Home buyers focusing on central coast foreclosure properties are running up against lender pre-qualification requirements when bidding for bank owned properties. Many of the bank owned (REO) property listings require that potential buyers get pre-qualified with their company in order to place a bid on the property. Countrywide, Wells Fargo and Fannie Mae (Express Path) listings frequently have this requirement. Continue reading →

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Buying Central Coast Foreclosed Properties at Auction

Posted on February 25, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

I attended a foreclosed home property auction hosted by Hudson & Marshall in Ventura last evening. Fortunately, my client was successful in his bid so it was worth the trip down for both of us. He was also able to save about $80,000 off the list price of the property. It was an exciting event and we were both still on a high while we waited with the other winners to sign contracts. All the winning bids are subject to investor/bank approval which will take about 5-7 days to obtain, so we will know if the deal will stick in about a week. Continue reading →

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Grover Beach Market Update & Free Property Search

Posted on December 28, 2008 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

There are currently 73 active home and condo listings on the Grover Beach market, with a median asking price of $350,000. Of those 73 listings, 8 are short sales (sometimes referred to as pre-foreclosures) and 5 are REOs (bank owned properties). Continue reading →

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