santa maria bank owned properties Archives - Santa Maria CA Real Estate Blog & Information, REALTOR® Selling Santa Maria CA Homes

Santa Maria Real Estate: Tips for Buying Santa Maria Foreclosures

10/05/2010
Buyer Info, Foreclosure / Bank Owned (REO) Info, Santa Maria

1) For an “as-is” purchase – Banks don’t like to make repairs, and you will find that the Santa Maria real estate is littered with bank sellers who intend to make no repairs to their properties. This may even include situations where the property has been cited by the City of Santa Maria for violations of the municipal code.

01/14/2010
Foreclosure / Bank Owned (REO) Info, Santa Maria, Short Sale Info

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 1230 homes which sold last year. 175 condos and PUDs sold during the same period in 2009; compared to 130 units in 2008. So, overall the number of sales in Santa Maria and Orcutt is up.