Tag Archives: Lompoc foreclosures

Lompoc Luxury Homes: Foreclosure Real Estate Update

Posted on October 18, 2010 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Looking at the luxury real estate market in Lompoc California, there are currently 29 homes priced above $400,000 with an average list price of about $592,000 and 145 days on market, and a median asking price of $499,000. Looking at the luxury foreclosure market, there was only one active luxury foreclosure listing and there were 2 available short sales in Lompoc. Continue reading →

Posted in Buyer Info, Lompoc / Vandenberg Village, Seller Info | Tagged , , , , , , , , , , , , , | Leave a comment

Lompoc Home For Sale $169,900

Posted on October 12, 2010 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Come see this Lompoc Delight! This exceptional home features a large family room addition off the kitchen for a great room effect and feel. Indoor laundry,large fireplace and slider access to the backyard. Formal living room off the entry and an informal dining area directly off the spacious kitchen. This home hasthree bedrooms and two updated bathrooms. Needs a little polish to bring it back to its prime – but the potential is definitely there. Modern touches andupdates throughout. Continue reading →

Posted in Buyer Info, Lompoc / Vandenberg Village | Tagged , , , , , , | Leave a comment

2010 Snapshot: Lompoc Foreclosures

Posted on September 28, 2010 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Lompoc California foreclosure activity: There are 213 active and pending homes and condos in Lompoc currently. Of those 213 properties, 49 homes and condos are foreclosures and 80 are short sales. So, 60% of Lompoc inventory is either a bank owned property or a distress sale. The median asking price for an actively listed home is $245,000 with 68 days on market; for condos the median is $135,000 with 49 days on market. Looking back six months, there have been 227 sales in Lompoc with an average listing price of $235,353, and an average selling price of $234,060, so sellers are getting about 99.4% of their asking prices in Lompoc indicating that there is not much bargaining room for buyers in this market. Continue reading →

Posted in Foreclosure / Bank Owned (REO) Info, Lompoc / Vandenberg Village | Tagged , , , , , , , | Leave a comment

How to Buy Short Sales in Santa Maria, CA (Part 2)

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

Sometimes, the second lien in a short sale situation is held or serviced by the same bank as the first mortgage. This can make the situation a little easier than whe that note is owned or serviced by two separate entities. But, not always. Often banks will “charge off” a second mortgage once it becomes too delinquent or after a Notice of Default is filed by the 1st mortgage. In those cases, the note can be sold for pennies on the dollar to what is essentially a collection agency. And, with that you are dealing with a completely different animal. Continue reading →

Posted in Buyer Info, Short Sale Info | Tagged , , , , , , | Leave a comment

Foothill Estates 2009 Update – Lompoc CA Homes and Real Estate

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

Tucked away in the hills of southwest Lompoc is the charming HOA community, Foothill Estates. The community is broken up into enclaves of duplex style units, with two units attached at one common wall. They have two car garages, and larger back yards than you get in other HOA communities. Amenities include a community pool, spa, and clubhouse. There are 2 and 3 bedroom models which range from about 1100 to 1300 square feet in size. The monthly HOA fees are $145 per month. But what you get for the money can’t be beat. The views from this development are breathtaking and unmatched, and if you have a large dog you can’t beat having a decent size yard versus the patio that most comparably priced condo units offer. Continue reading →

Posted in Lompoc / Vandenberg Village | Tagged , , , , , , , , , , , , | Leave a comment

Looking to Buy HUD Homes in Santa Maria or Lompoc CA?

Posted on January 1, 2010 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Are you interested in buying a HUD home in Santa Maria, Orcutt, or Lompoc? You can search for HUD homes by clicking here. Also, you need a registered HUD agent to write an offer on a HUD home. I am a registered selling agent with HUD and I can take you for a tour of any local HUD home, explain the bidding process, and write an offer. These homes are generally not listed on the MLS, so the potential for a buyer bargain is tremendous as they receive less exposure. Continue reading →

Posted in Lompoc / Vandenberg Village, Santa Maria / Orcutt | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Buying Central Coast REOs (Foreclosures) & Market Trends

Posted on July 14, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

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 the offered purchase price even if the home did not appraise. Frankly, I think this stinks. Buyers are forced to bid up on popular properties, and now they must risk that if the appraisal doesn’t come in, they will have to walk away from the property or pay the difference out of pocket. For buyers without a large pool of cash, this in effect will keep them from buying the property. Continue reading →

Posted in Central Coast Real Estate, Foreclosure / Bank Owned (REO) Info | Tagged , , , , , , , , | 2 Comments

Bank Owned (REO) Delays in the Central Coast Market

Posted on April 18, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

You would think that once a bank found a willing buyer, who won the “highest and best” bidding process for a foreclosure property, they would be hot to close the transaction. Well think again. I’ve actually had an all cash buyer trying to close in 10 days (or less) and the bank and their escrow company simply were not able to do it! The buyer couldn’t believe it, but having dealt with REO properties many times before I certainly could There are several delays that seem to happen time and time again in bank owned purchases: Continue reading →

Posted in Central Coast Real Estate, Foreclosure / Bank Owned (REO) Info | Tagged , , , , , , , , , | Leave a comment

Buying An Approved Short Sale in the Central Coast Market

Posted on March 1, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

What is an approved short sale? Let’s start with what a short sale is — a short sale is where the owner owes more on their loan than their home is worth but they still must sell the home. So, the home is placed on the market and offers are accepted — subject to lender approval. Lender approval can take months to obtain. An approved short sale is a short sale where the seller has already received approval from the bank. So, usually they list the property at a price that the bank has already indicated that they will accept, and they typically indicate how much closing costs credit and any repair credits the bank will allow. Continue reading →

Posted in Buyer Info, Central Coast Real Estate, Santa Maria / Orcutt, Short Sale Info | Tagged , , , , , , , , , , | 2 Comments

Santa Barbara & San Luis Obispo County Foreclosure Mini-Market Update

Posted on October 15, 2008 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Are we beginning to turn the corner on foreclosures on the central coast? The number of notices of default (“NODs”) filed in both counties marked a sharp decline last month. Continue reading →

Posted in Central Coast Real Estate | Tagged , , , , , , , , , , , , , , , | Leave a comment