Tag Archives: Santa Maria bank owned

Santa Maria Foreclosure Alert: Are foreclosures frozen in Santa Maria, CA?

Posted on October 23, 2010 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

I realize this is a controversial subject, but I do agree that freezing foreclosures or trying to turn back the clock only benefits a limited group of people. In California, most people who are losing their home to foreclosure are severely underwater and I find that once the foreclosure happens, a sense of relief soon follows that they can put the whole thing behind them. Continue reading →

Posted in Buyer Info, Santa Maria / Orcutt | Tagged , , , | Leave a comment

List of Cheap Foreclosure Homes in Santa Maria

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

Wondering what the cheap foreclosure homes sell for in Santa Maria? Last month, the average foreclosure property in Santa Maria sold for $210,630, and for over its list price by nearly 2%. But, how much for the cheap ones you ask? There wer 30 homes that sold, and the cheapest was a 2 bedroom one bath fixer on West Mill which sold for $90,350. After that the cheapest foreclosure sold in Santa Maria was 3 bedroom one bath home on East Las Flores (near Hancock College) which sold for $109,900.*
Continue reading →

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

Selling Your Home as a Short Sale in the Santa Maria CA & Orcutt CA Market

Posted on July 6, 2008 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Short sales dominate the Santa Maria and Orcutt CA market. Simply put, short sales are sales where the owner owes more than the house is currently worth. Currently, 50% of the active listings in Santa Maria and Orcutt are short sales. However, 60% of the homes sold in the past 30 days are bank owned homes (REOs), and only 10% of sold homes in the last month were short sales. Continue reading →

Posted in Santa Maria / Orcutt, Short Sale Info | Tagged , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Santa Maria CA & Orcutt CA Bank Owned / Foreclosure Market Update

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

The Santa Maria/Orcutt CA market for foreclosure properties is certainly not unique. However, because of media reports on overall trends in the national real estate market, many who venture into the local home buying market are under the misimpression that there are hundreds of cheap houses sitting out there for the picking. That is not exactly how it is currently working. I might say that about the local condo market — but not the market for homes. That is not to say that there are not bargains out there. There clearly are. But, the local market for foreclosed properties is extremely competitive. On one particularly choice recent bank owned listing, the listing agent reported 28 offers in 5 days. Continue reading →

Posted in Foreclosure / Bank Owned (REO) Info, Santa Maria / Orcutt | Tagged , , , , , , , , , , , , , , , , , | 1 Comment