Santa Maria CA foreclosures Archives - Santa Maria CA Real Estate Blog & Information, REALTOR® Selling Santa Maria CA Homes

How Many Foreclosures Are Closing Escrow in Santa Maria, California?*

05/17/2011
Foreclosure / Bank Owned (REO) Info, Santa Maria

In the Santa Maria - Orcutt California area, there are currently 667 active, contingent, or pending homes and condos for sale. Of those 667 homes, 167 are foreclosure listings. Of those 167 REO listings, 7 are “contingent REO.” A contingent REO is a foreclosure listing with a verbally accepted offer.

Santa Maria Foreclosure Market Tip: What is a “Contingent REO?”

10/11/2010
Foreclosure / Bank Owned (REO) Info

If you’ve been tracking the market for foreclosures for awhile, I’m sure you’ve come across a contingent REO and wondered what that means. An REO is an industry term for a foreclosure, and a contingent REO is one where an offer has been verbally accepted by the bank or the asset manager, but the paperwork is still being signed.

Santa Maria – Orcutt 2009 Real Estate & Foreclosure Market Update

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.

Arborwalk & Autumn Glen Townhomes – Santa Maria CA Homes Update

01/03/2010
Santa Maria, Seller Info

The Arborwalk and Autumn Glen townhome communities are newer homes built between 2003 - 2006 and offer an ideal location in south Santa Maria. Both communities are close to shopping, restaurants and other amenities. Arborwalk is a gated community at the intersection of Miller & McCoy, and Autumn Glen is located across from the Crossroads Shopping Center at the intersection of Crossroad Lane & Bradley Rd.

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

01/01/2010
Lompoc / Vandenberg Village, Santa Maria

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.

River Oaks Development, Santa Maria Homes Market Update 2009

12/26/2009
Santa Maria

Home to Jim May Park (an 11 acre park which includes a lake and walking trails) and Ida Redmond Taylor Elementary, the River Oaks development offers an idyllic setting which parallels the Santa Maria riverbed in northeast Santa Maria. Built from 1999 -2003, these homes range from 1400 sq.ft. up to almost 3000 sq.ft. in size. Current asking prices for active and pending homes in the River Oaks development range from $260,000 to $299,900. In the past 6 months, home sales prices in River Oaks ranged from $235,000 - $310,000.

Santa Maria CA & Lompoc CA Foreclosure Buyers Can Choose Local Escrow Companies

12/09/2009
Central Coast Real Estate, Foreclosure / Bank Owned (REO) Info, Santa Maria

Finally! Those of you who read my blog recall my recent blog post on buying a foreclosure and not receiving your keys until the day after it closes. It appears that the Claifornia legislature has take a stab at the heart of the problem, which was the fact that buyers were not allwoed to pick their own excrow companies in these transactions. Banks would hire title and escrow companies to complete their foreclosure proceeding and when they turned around to sell the property as an REO, they would compel the buye to use that same title/escrow company to complete the purchase.

The Santa Maria CA Market is Tough on Buyers

05/16/2009
Buyer Info, Santa Maria

Currently, there is intense competition among buyers in the Santa Maria market. If this is a buyer's market, it sure doesn't feel like it anymore. Indeed, with the banks calling almost all the shots in the under $300,000 market (short sales and foreclosures), it certainly feels like a sellers market.