Tag Archives: Santa Maria short sales

Will My Lender Pay My Delinquent Property Taxes As A Part of My Short Sale?

Posted on April 10, 2011 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

The answer is maybe. It is not uncommon for a short sale seller in financial distress to have unpaid property taxes. During the housing boom, many lenders did not require tax and insurance impounds. Continue reading →

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Short Sale Approval Received in 26 Days from Well Fargo Home Mortgage!

Posted on April 7, 2011 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

I just received short sale approval from Wells Fargo in 26 days! It was a total of twenty six days from when the short sale application was submitted to the lender until I received the short sale approval letter in my email box. Continue reading →

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Will the Bank Pay My HOA Dues As a Part of My Short Sale?

Posted on March 26, 2011 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Even without a lien, a large amount of unpaid dues can become an issue. And, if the bank won’t pay and you as the seller can’t pay – it could make your short sale difficult to close. A better solution is to start on your short sale early while not much is owed on HOA dues, keep those dues current, or, at the very least out of collections. Continue reading →

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How Time Can Run Out On Your Santa Maria Short Sale

Posted on March 13, 2011 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

One of the worst things that distressed Central Coast homeowners do is waiting until the clock is ticking before contacting a short sale agent. When does the clock start ticking? I tell people it starts ticking when you stop paying. Ideally, if you know a financial hardship is imminent, you should begin exploring your options, including a short sale, before any payments are even missed. In its recent Open Letter on Short Sales, the California Association Realtors reports that according to surveyed California Realtors® only about three out of five short sales close. Continue reading →

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Can I offer less than the asking price on an approved short sale?

Posted on October 19, 2010 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

The answer to this is, yes, definitely. An approved short sale is a short sale where the bank has already indicated acceptable price and terms. As the HAFA program comes into greater usage, we will supposedly see more approved short sales on the market. The HAFA program provides a way for sellers to get an approved price on their short sale before listing it on the market.

Continue reading →

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Top 5 Short Sale Myths

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

Myth #1: I have to be an owner occupant to qualify for a short sale. Where did this myth come from? I’ve done short sales for investors and non-owner occupants. They happen all the time. I just listed a home where the lender told the owner to do a short sale on their rental property. You can sell your investment or rental property via short sale. Continue reading →

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Santa Maria Real Estate: Tips for Buying Santa Maria Foreclosures

Posted on October 5, 2010 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

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. Continue reading →

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Santa Maria – Orcutt 2009 Real Estate & Foreclosure Market Update

Posted on January 14, 2010 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

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. Continue reading →

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The Hidden Pines Development, Santa Maria CA Gated Homes Community Update

Posted on December 28, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Are you looking for a home in a gated community in Santa Maria? You may want to check out the homes in Hidden Pines. It is located near Preisker Park and across the street from the gated community of Regency Estates. Continue reading →

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Where Have all the Houses Gone in Santa Maria – Orcutt?

Posted on July 15, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

When I searched the MLS for active properties this morning, I came up with 158 single family homes or condos for sale. 29 of those listings are short sales, and 35 are active REO listings. There are 234 contingent listings, and 222 of them are short sales. In the last 30 days, 131 homes have sold, with an average price of about $250,000, average price per square foot of $150, and averaging about 75 days on market. 28 of those sold homes were closed short sales, and 61 were REO (bank owned property) sales. Average days on market for short sales were about 120 days (this reflects the time period to obtain bank approval), and average days on market for REO listings was about 53 (this includes the time it takes to get the contract finalized by the bank). Continue reading →

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