From the category archives:

Aliso Viejo Foreclosure – Bank REO Homes

Aliso Viejo Short Sale Realtor report.

by vbindi on February 10, 2010

This report is for standard sales, short sales and bank REO sales statistics in Aliso Viejo . This article is brought to you by the realtor experts at the Short Sales ASAP group, who are #1 in short sale property listings and closings in Orange County. Currently, there are 41 detached homes listed for sale in Aliso Viejo , California. The median price of these active homes for sale is $585,000 and the average price per square foot is $293 . Of this total, 19 are short sale listings active for sale, and another 1 are bank owned REO’s, for a total of 20 financially distressed single family homes in Aliso Viejo . These distressed home listings represent 49% of the total inventory of detached homes for sale. The median price of these distressed properties is $570,000 and the average price per square foot is $265 .

For attached condominiums, there are 68 condo units currently listed for sale in Aliso Viejo . The median price for these listed condominiums is $349,000 and the average price per square foot is $270 . Of this total, 43 short sale condo listings, and another 3 are bank owned foreclosed condos listed for sale in Aliso Viejo , for a grand total of 46 financially distressed condo listings. The median price of these distressed condos is $319,000 , and the average price per square foot is $256 . The ratio of distressed condo listings to the total listings is 68% .

Currently, there are 57 detached homes under contract in escrow, and the median price of these pending properties is $529,000 . Of this total pending properties, 37 are short sales, and another 2 are bank owned REO properties. This is a total of 39 financially distressed homes, which is 68% of the total detached properties in escrow in Aliso Viejo , and the median price is $550,000 .

For condominiums, there are now 132 attached units in escrow, and the median price is $310,000 . Of this number, 101 are short sales in escrow, and 14 are bank owned REO condos in escrow in Aliso Viejo . This total of 115 distressed condos is 87% of the total units in escrow, and the median price is $357,000 .

In the past 90 days, there have been a total of 70 detached homes that have sold and closed escrow in Aliso Viejo . The median price of these sold homes was $542,000 and the average price per square foot was $288 . Comprising of this total were 17 short sale properties, and 7 bank owned foreclosure homes, for a total of 24 distressed homes that have sold in Aliso Viejo in the past 3 months. This number of distressed sales is 34% of the total, and the median price was $534,000 , and the average price per square foot was $286 .

For attached condos, there have been a total of 126 condo sales in the past 3 months. The median price was $320,000 , and the average price per square foot was $252 in Aliso Viejo . In addition, there were 50 condos that sold and closed, and another 27 REO units that sold in the past 90 days. This was a total of 77 distressed condos, which is 61% of the total number of units sold in this period. The median price of the sold condos was $290,000 , and the average price per square foot was $238 .

As can be seen above, the ratio of Active distressed listings, to Active total listings is a much higher percentage, compared to the ratio of Sold distressed properties to Sold total properties. This illustrates that short sales fail at a high rate. Therefore, property owners who owe more than their home is worth, should work with an experienced Aliso Viejo short sale realtor. For more information, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.

Home Sales in Aliso Viejo, CA – Sept 2008′

by Vincent Bindi on September 21, 2008

Currently there are 94 detached home currently list for sale.  Of these, 35 are pre-foreclosure Short Sales and 1 is a bank owned REO.  That is a total of  38% of the total inventory is a property in financial distress.  The Median price for the Short Sale and Bank Owned REO listings is $559,000.  The Median price for the none Short Sale/Bank Owned REO detached home listings is $745,900. 

In the past 90 days, there were 55 detached homes that sold and closed that were not Short Sale/Bank Owned, and the Median price of these 55 homes was $565,000.  In this same period of time, there were 32 detached homes that sold and closed, which represents 37% of the total sold.  The Median price of these 32 detached homes was $529,400. 

Today, there are 134 Condos listed for sale in Aliso Viejo, CA.  Of these, 67 of the active listings are Short Sales (50%), and 12 are Bank Owned REO condos (9%).   The Median priced Condo for the 79 Short Sales/Bank Owned condos is $309,400, and the median price for the none short Sales/Bank Owned condos is  $394,900.

In the past 90 days, there were a total of  70 Condos that sold and closed escrow that were not Short Sales/Bank REO’s.  The median price of these 70 condos was $375,000.  In addition, there we 75 condos that sold and closed in Aliso Viejo that were Short Sales or Bank Owned REO’s.  The median price for these 75 condos was $295,000.  Of these 75 sold condos,  38 were Short Sales and  37 were Bank Owned REO’s.

If you would like more information on homes or condos for sale in Aliso Viejo, feel free to visit our website at:  Search OC Homes for Sale.  If you would like an email list of all Short Sales or Bank Owned REO homes for sale, visit:  www.OCBargainHomes.com

 

 

Aliso Viejo CA Foreclosure, Short Sales and Bank REO sales Stats – April, 2008

by Vincent Bindi on May 25, 2008

Currently, there are 293 homes and condos Active for Sale in Aliso Viejo, CA.   170 of which are Attached Condos and the other 123 are Detached Single Family Homes.  Of these 293 properties, 116 of these are Short Sale homes or condos listed for sale, which represents 39% of the Inventory.  In addition, there are 16 homes and condos listed for sale which are Bank owned REO properties in Aliso Viejo, which represents 5.5% of total inventory.

Today, there are 110 properties in Pending in Escrow in Aliso Viejo, CA.  Of these properties, 37 are Short Sale listings under contract which represents 33% of the properties in Escrow.  15 of these escrows are Bank Owned Foreclosures which represent 13.6% of the properties currently in escrow in Aliso Viejo.

For the month of April, there were 56 properties that sold and closed escrow in Aliso Viejo, CA.  7 of these closed properties were Short Sales which represent 12% of all closings for last month.  14 of the homes and condos that sold and closed in April where Bank Owned foreclosure homes, which represent 25% of all closings for last month.

If you are interested in receiving a VIP list of all Bank Owned Foreclosures, and Short Sale properties listed for sale, please visit our website at:  OCBargainHomes.com.  If you have any questions about Bank Owned REO or short Sale Properties, please feel free to call us at: 949-388-3396.

Aliso Viejo Foreclosure Condo – Beat the Bank!

by Vincent Bindi on January 14, 2008

Price (subject to change):  $489,900
Type:  Attached Condo
Bedrooms:  3
Baths:  3
Living Area (SqFt):   1,640
No. of Garages:  2
Stories:  2
Year Built:  1989
Lot Size (SqFt):  3,695
City:  Aliso Viejo
Tract:    California Renaissance
Street:  Giotto
School District:  Capistrano Unified

Property Description:   Beautiful 3 bedroom 3 bath two story condo. 1 bedroom, 1 bath downstairs. Gourmet kitchen with tile flooring and newer cabinets. Large living/dining room with cathedral ceilings and custom fireplace. Wood flooring. Private patio great for entertaining. Master bedroom has cathedral ceilings and balcony.   

Financing:    Conventional financing with 10% or 20% down is available.  Interest rates have recently dropped to 6.6% with No Points for Jumbo loans greater then $417,000.    Seller needs to sell  this Short Sale property quickly and is priced as such..

Contact:  To view this bank owned REO home, feel free to Call Us at:  949-388-3396, or email us at:  Info@SearchOCHomes.com , or Text Message at:  949-283-4679.  We’re easy to talk too.  Let us negotiate a great price for you on this bank owned property for sale in Orange County.  Join our FREE and No Obligation Bank Foreclosure and Short Sale home finder service at:  www.OCBargainHomes.com  

Bank Repo – 2 Br, 2 Ba Condo – Big Price Drop – Aliso Viejo, CA.

by Vincent Bindi on October 25, 2007

Price (subject to change):  $375,000
Bedrooms:  2
Baths:  2
Living Area (SqFt):   1,221
No. of Garages:  1
Stories:  2
Year Built:  1987
Lot Size (SqFt):  – condo -
City:  Aliso Viejo
Area:  Central Aliso Viejo
Tract:  Glenwood Village
Street:  Baywood street
School District:  Capistrano Unified

Property Description:   This is a Bank Owned Repo that was foreclosed on by US Bank back on July of 2007′.   Great starter upper unit condo. 1 bedroom and loft/bedroom, 2 baths. View of the park, city lights. Walking distance to school, park, shops, golf course, community pool, spa, tennis courts. Entertainment plaza is close by. Great schools and quiet neighborhood. The bank wants this home sold now, and it is being sold in it’s As-Is condition.

Financing:    Two sources of Government Subsidized loans are available to purchase this low priced home with Zero Down payment.  One of these 100% Financed loans offers 6.5% Fixed interest rate, and one needs to be a first time home buyer.  The other Zero Down loan offers 6.9% Fixed interest rate over 30 years, and does not charge PMI, and one need not be a first time home buyer.   Seller needs to sell now.

Contact:  To view this Bank Foreclosed home, feel free to Call Us at:  949-388-3396, or email us at:  Info@SearchOCHomes.com , or Text Message at:  949-283-4679.  We’re easy to talk too.  Let us negotiate a great price for you on this REO bank owned foreclosure property for sale in Orange County.  Join our FREE and No Obligation Bank Foreclosure and Short Sale home finder service at:  www.OCBargainHomes.com  

Bank Foreclosure detached Home for Sale in Aliso Viejo

by Vincent Bindi on October 15, 2007

This is currently the lowest priced Bank Owned Foreclosure detached home on the market for sale in Aliso Viejo.   The price was just reduced on October 6th to $485,000.  It’s a 2 bedroom, 2.5 bath, 1,200 square foot home with a 2 car garage and a full length driveway.

The previous owner installed some nice upgrades such as tile flooring, custom window coverings, and very nice landscaping.  It’s in pretty clean and basically move-in condition.  The association dues are about $98 per month and $25 per month for the city of Aliso Viejo. 

This Bank Owned Foreclosure is located on Andaluz street in the desirable San Simeon tract of Aliso Viejo.  The Bank is currently offering to pay for $5,000 of the Buyers closing costs.  This home could be purchased using several Zero Down loan programs that are government subsidized which are CalHFA loans, Acorn loans, CalVet and VA loans.  These loan programs offer below market fixed interest rates ranging from 5.5% to 6.9%, fully amortized over 30 years, with no negative amortization and no pre-payment penalty.  At 5.5% the Principal and Interest payment would be $2,754 per month, and at the 6.9% fixed interest, P&I payment would be $3,194 per month.  With the combination of the Zero Down loan and the $5,000 seller credit, one could possibly buy this home with only a few Thousand dollars out of pocket…

There are some exciting opportunities in the market today.  If you would like to see the inside of the home for sale, then give us a call…  If you want to work with a professional who will go to bat for you in tough negotiations to get the lowest possible price, then give us a call…  If you want more information on these little known Zero Down, below market, government subsidized loan programs, give us a call at:  949-388-3396 or email us at:  Info@SearchOCHomes.com

Aliso Viejo Bank Owned Foreclosure Home for Sale

by Vincent Bindi on February 15, 2007

This 3 bedroom, 2.5 bath detached home with 1,698 square feet of living area and a 2 car attached garage. This home is located in the Cape Series in Aliso Viejo close the intersection of  Oak Grove and Wood Canyon.  This Cape Code styled home was foreclosed upon and is now bank owned. It was listed for sale for $559,900. 

This home needs some fix-up and the bank is in the process of doing some repairs and cleaning.  This REO home will be sold in it’s ‘As Is’ condition.  The association dues are about $87 and the Mello-Roos tax rate is average for the area.  

Currently, this is the only home for sale in the Cape Series tract of Aliso Viejo and there have only been 3 sales in the past 6 months which attest to this communities desirability.  These three homes that were sold were: 

  • 3 bedroom, 2.5 bath, 1,520 SqFt on Spring Harbor — $594,900.
  • 3 bedroom, 2.5 bath, 1,660 SqFt on Ocean Mist — $640,000.
  • 3 bedroom, 2.5 bath, 1,900 SqFt on Water Mill — $720,000.

If you would like to see the inside of this home or receive a list of other Foreclosure or Bank Owned homes for sale, please visit our website at:  www.Search-OCHomes.com  or give us a call at:  949-388-3396