Santa Maria foreclosures Archives - Page 2 of 3 - Santa Maria CA Real Estate Blog & Information, REALTOR® Selling Santa Maria CA Homes

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.

People’s Self Help Housing Holds Seminar in Santa Maria

01/02/2010
Foreclosure / Bank Owned (REO) Info, Local Interests / Events

The Santa Maria Times reports that People's Self Help Housing is offering a seminar to help homeowners who are trying to prevent foreclosure. People's Self Help Housing is a HUD approved counseling agency. They have offices in San Luis Obispos and Santa Barbara and serve, SB, SLO, and Ventura counties.

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.

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

12/28/2009
Santa Maria

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.

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.

Buying Central Coast REOs (Foreclosures) & Market Trends

07/14/2009
Central Coast Real Estate, Foreclosure / Bank Owned (REO) Info

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.

Another Twist to REO Contracts in the Santa Maria CA Market

05/17/2009
Foreclosure / Bank Owned (REO) Info, Santa Maria

I just received a counter offer back on a Bank of America property (formerly Countrywide) with a new twist that I haven't seen before in REO contracts. Countrywide officially became Bank of America Home Loans about two weeks ago. I've sold quite a few Countrywide REOs and was used to how they did things. However, it appears that the switch over to Bank of America has changed some things.