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.
by vbindi on September 9, 2009
Currently there are 16 foreclosed homes and condos listed for sale in Laguna Niguel. A foreclosed property is one in which the homeowner fell behind on their mortgage payments, and the mortgage bank instituted a Foreclosure proceeding. After the 3 month Notice of Default process, and the 3 week Trustee Sale process, the property is sold in an Open Auction. If no one bids at this Auction, then the foreclosing bank winds up owning the home.
Banks are the ultimate motivated buyer. They have no emotions wrapped up in the home, and are extremely motivated to sell the home very quickly for several reasons. Therefore, most banks price their foreclosed home inventory below market value so they sell quickly.
Below is the list of all foreclosed bank owned homes currently listed for sale. These homes and condos range in price from $198,000 for a 1 bedroom, 1 bath condo, comprising of 873 square feet. On up to $775,000 for a 5 bedroom, 3 bath, 2,600 square foot detached home. Click on this Hyper-link to view all foreclosed homes currently listed for sale in Orange County, city by city.
If you would like to view any of the homes listed for sale, of if you have any questions about Laguna Niguel foreclosed homes, feel free to call us at: 949-388-3396 or email us at: Info@BankHomesMLS.com
| Type |
Address |
Bd |
Ba |
SqFt |
Price |
| CONDO |
9 Pearl |
1 |
1 |
873 |
$198,900 |
| CONDO |
24421 Avenida De Los Ninos 64 |
2 |
1 |
900 |
$220,000 |
| CONDO |
7 Avalon Cv |
2 |
2 |
1,120 |
$272,500 |
| CONDO |
21 Flamingo Ct 104 |
3 |
2 |
1,221 |
$309,900 |
| CONDO |
17 Glen Cv 2 |
2 |
2 |
1,100 |
$336,000 |
| CONDO |
27425 Newporter Way 255 |
3 |
3 |
1,597 |
$379,900 |
| SFR |
4 Tobago |
2 |
3 |
1,605 |
$413,900 |
| CONDO |
176 Cameray Hts |
2 |
3 |
1,450 |
$414,900 |
| SFR |
20 Stream St |
3 |
3 |
1,900 |
$499,900 |
| SFR |
30461 Via Alcazar Ave |
4 |
2 |
1,960 |
$589,000 |
| SFR |
24626 Los Serranos Dr |
5 |
3 |
2,100 |
$650,000 |
| SFR |
31662 Isle Royal Dr |
4 |
3 |
2,468 |
$651,000 |
| SFR |
21 Trestles |
4 |
3 |
2,719 |
$697,950 |
| SFR |
24036 Piragua Pl |
4 |
3 |
2,500 |
$759,000 |
| SFR |
30381 Via Alcazar Ave |
5 |
3 |
2,600 |
$775,000 |
by vbindi on September 4, 2009
Below is the list of all Bank REO homes and condos currently listed for Sale in Ladera Ranch, Orange County California. A Bank REO is a property that was was Foreclosed upon by the mortgage Bank, and is now owned by that same Bank. Bank Owned REO Homes most always present a great buying opportunity since many Banks today are financial difficulties and are required to quickly convert these non-performing assets into cash. Therefore, the Banks usually price these properties substantially below market in order to sell them very quickly.
In the past 3 years, the local real estate market in southern California has experienced a severe correction-recession, which includes Ladera Ranch. We are seeing signs that the market is now stabilizing in the lower end of the price scale, and appears to be a good time to buy since prices have pulled back nearly 40% from their peak in the Spring of 2006′.
To see more detail about the Bank Owned properties listed below, simply Click on the Property Address Hyperlink. If you would like see the inside of any of the homes below, or if you have questions about buying an REO Bank Home, contact one of our REO Specialists at: Info@BankHomesMLS.com or call us at: (949) 388-3396
| Type |
Address |
Bdrms |
Baths |
SqFt |
Price |
| SFR |
4 Drackert Ln , Ladera Ranch |
4 |
4 |
3,550 |
$830,000 |
| CONDO |
27 Tarleton Ln , Ladera Ranch |
3 |
4 |
1,662 |
$404,000 |
| SFR |
19 Maybeck Ln , Ladera Ranch |
3 |
3 |
1,910 |
$487,900 |
| SFR |
22 Michael Rd , Ladera Ranch |
5 |
6 |
3,730 |
$875,000 |
by vbindi on September 4, 2009
This report lists all of the Bank Owned REO homes and condos currently listed for sale in Costa Mesa. A Bank Owned REO home is a property that has gone through the 3 month, and 3 week Foreclosure process, and is now owned by the Bank. Banks are typically unwitting owners at this point, and most often price the homes at below market value so they will sell very quickly.
Below is a list of all of the Foreclosed Bank Owned homes currently active for sale in Costa Mesa. The homes and condos range in price from a low of $254,400 for a 2 bedroom, 3 bath , 1,282 condo, on up to $545,000 for a 5 bedroom, 4 bath, 2,821 square foot detached home located in central Costa Mesa.
Our small team of Realtors specialize in purchasing Bank Owned REO properties at below market value for our clients, and we have a proven track record of success. If you would like more information about any of the Foreclosed homes listed below, or if you want to see the inside of any of these Costa Mesa REO properties listed for sale, please feel free to call us at: (949) 388-3396 or drop us an email at: Info@BankHomesMLS.com. If you would like more details on the properties listed below, simply click on the Address Hyperlink shown below.
| Type |
Address |
Bdrms |
Baths |
SqFt |
Price |
| CONDO |
405 Bryson Spgs 53 , Costa Mesa |
2 |
3 |
1,282 |
$254,400 |
| CONDO |
3431 Timber Lk 46 , Costa Mesa |
3 |
2 |
1,317 |
$265,000 |
| CONDO |
114 Yorktown Ln , Costa Mesa |
3 |
2 |
1,240 |
$289,900 |
| CONDO |
748 Wingate Bay 5 , Costa Mesa |
2 |
2 |
1,017 |
$308,888 |
| CONDO |
2518 Elden Ave B2 , Costa Mesa |
3 |
3 |
1,364 |
$331,650 |
| CONDO |
785 W 18th St C1 , Costa Mesa |
2 |
3 |
1,227 |
$344,900 |
| CONDO |
2674 Orange Ave A2 , Costa Mesa |
3 |
3 |
1,431 |
$350,000 |
| CONDO |
2526 Poplar Ln , Costa Mesa |
3 |
3 |
1,500 |
$427,900 |
| SFR |
151 MESA Dr , Costa Mesa |
2 |
2 |
1,225 |
$439,000 |
| SFR |
2758 De Soto Ave , Costa Mesa |
4 |
2 |
1,729 |
$478,900 |
| SFR |
132 Virginia Pl , Costa Mesa |
5 |
4 |
2,821 |
$545,000 |
by vbindi on September 2, 2009
We have compiled an exclusive list of all Bank Foreclosed homes currently listed for sale in Irvine, CA. These Bank Owned REO properties consist of attached Condos and detached single family homes ranging in price from $222,000 up to $1,719,900. Our team at REOBenefit has a proven track record of success in getting great buying value for our clients with a high rate of closing success. If you would like more information on any of the homes listed below, or if you want to see the inside of any of these Irvine REO homes for sale, please feel free to call us at: (949) 388-3396 or drop us an email at: Info@BankHomesMLS.com
If you would like more details on the properties listed below, simply click on the Address Hyperlink shown below. Click on the following link if you want to search for any homes listed for sale in Irvine.
| Type |
Address |
Bd |
Ba |
SqFt |
Price |
| Condo |
2105 Apricot Dr 2105 , Irvine |
2 |
2 |
910 |
$222,000 |
| Condo |
162 Greenfield , Irvine |
3 |
2 |
1,267 |
$333,900 |
| Condo |
38 Hollowglen 25 , Irvine |
2 |
2 |
1,125 |
$350,000 |
| Condo |
2210 Scholarship , Irvine |
1 |
1 |
868 |
$359,000 |
| Condo |
8 Sunstream , Irvine |
2 |
2 |
1,100 |
$429,000 |
| SFR |
19 Amoret Dr , Irvine |
4 |
3 |
1,900 |
$589,050 |
| SFR |
5232 Skinner , Irvine |
4 |
3 |
2,300 |
$649,900 |
| SFR |
21 Orangetip , Irvine |
4 |
3 |
2,300 |
$729,900 |
| SFR |
12 Rutherford , Irvine |
3 |
3 |
2,200 |
$830,000 |
| Condo |
3141 Michelson Dr 1504 , Irvine |
2 |
3 |
2,063 |
$839,800 |
| SFR |
52 Crimson Rose , Irvine |
3 |
4 |
2,651 |
$1,125,000 |
| SFR |
35 Hidden Trl , Irvine |
4 |
5 |
3,675 |
$1,719,900 |
by vbindi on April 1, 2009
Bank Owned REO homes are a great buy in today’s Mission Viejo CA marketplace. The typical bank owned home is selling for 98% of the asking price and are Sold within 17 days on average according to the statistics from the Orange County MLS. In addition, Bank Owned detached (SFR) homes in Mission Viejo are selling at an average price of $254/SqFt , and bank foreclosure condos are selling at an average of $215/SqFt.
Many of these foreclosure homes need some modest repairs such as paint and carpet, but sometimes needed repairs can be much more. If you are planning in buying a bank REO home, make sure you are working with an experienced Realtor, and you employ the services of a professional home inspector. If you are planning on buying a Condo, make sure you check with your mortgage lender to see if the condo tract is approved with FHA, if you intend to use such a loan.
Below, we have listed all bank owned foreclosure homes currently listed for sale in Mission Viejo. These homes and condos range in price from $129,900 for a 1 bedroom, 1 bath condo, up to $799,000 for a 4 bedroom, 3 bath detached home. If you would like to see the inside of any of these homes for sale, please feel free to give us a call at: (949) 388-3396 or drop us an email at: Info@OCBankREO.com
BANK OWNED FORECLOSED HOMES LISTED FOR SALE IN MISSION VIEJO, CA
- S564473 — Condo — 23336 La Mar D — 1 Bdrm — 400 SqFt — $129,900
- MRM-C08155981 — Condo — 25899 MARGUERITE 101 — 1 Bdrm — 722 SqFt — $143,500
- R810416 — Condo — 25899 Marguerite Pkwy 1101 — 1 Bdrm — 722 SqFt — $149,900
- S564902 — Condo — 26282 Los Viveros 178 — 2 Bdrm — 812 SqFt — $161,950
- S525739 — Condo — 25869 Marguerite Pkwy 203 — 2 Bdrm — 1,040 SqFt — $174,900
- S565963 — Condo — 27878 Auburn 109 — 2 Bdrm — 840 SqFt — $189,900
- S543053 — Condo — 26834 Alexandrite — 2 Bdrm — 860 SqFt — $199,900
- MRM-T09035138 — Condo — 26251 VIA ROBLE 13 — 3 Bdrm — 1,200 SqFt — $199,900
- S563084 — Condo — 26034 Via Pera B3 — 3 Bdrm — 1,156 SqFt — $200,100
- S556238 — Condo — 21074 Lavender 58 — 2 Bdrm — 1,000 SqFt — $220,000
- P663148 — Condo — 23386 La Crescenta C — 2 Bdrm — 1,000 SqFt — $255,000
- S542835 — Condo — 26922 Poppy Pl — 2 Bdrm — 1,317 SqFt — $274,900
- S564544 — Condo — 26945 Braemar 147 — 3 Bdrm — 1,464 SqFt — $323,900
- S569216 — House — 23032 Via San Gabriel — 3 Bdrm — 1,099 SqFt — $333,000
- S564312 — House — 28451 Lorente — 3 Bdrm — 1,109 SqFt — $357,900
- S567002 — House — 26941 Colmenar — 3 Bdrm — 1,120 SqFt — $370,000
- S564642 — Condo — 24436 Verena Ct — 3 Bdrm — 2,000 SqFt — $374,000
- P678416 — House — 27422 La Cabra — 4 Bdrm — 1,472 SqFt — $399,000
- S565635 — House — 27462 Limones — 4 Bdrm — 1,650 SqFt — $449,900
- S559660 — House — 23881 Cypress Ln — 4 Bdrm — 2,124 SqFt — $464,900
- S567951 — House — 26501 Via Lara — 5 Bdrm — 2,172 SqFt — $499,900
- S567319 — House — 26531 Estanciero Dr — 4 Bdrm — 2,625 SqFt — $539,900
- S565939 — House — 27421 Via Amistoso — 4 Bdrm — 2,150 SqFt — $544,900
- S558451 — House — 26451 Via Logrono — 4 Bdrm — 2,100 SqFt — $549,900
- S542283 — House — 26541 Alicante Dr — 5 Bdrm — 2,400 SqFt — $595,000
- S562860 — House — 26432 San Ramon Way — 4 Bdrm — 2,601 SqFt — $665,000
- S564353 — House — 27118 Pacific Terrace Dr — 4 Bdrm — 2,780 SqFt — $674,000
- P675071 — House — 23046 Stoneridge — 4 Bdrm — 2,865 SqFt — $799,900
by Vincent Bindi on February 20, 2009
There are some great bargains in the Aliso Viejo marketplace today. Due to the nations financial crisis, and the severe real estate recession that started in 2007′ here in Aliso Viejo, has resulted in a selection of Bank Owned REO homes for sale at bargain basement prices.
One of these newly listed properties we will feature herein is located at: 17 Rue De Chateau, Aliso Viejo, Ca. This 3 bedroom detached home was built in 2000′ and listed for just $409,000 (subject to change at any time). This home is located in the Soleil Tract, and is close to the intersections of Aliso Creek Rd and Liberty street. For more details about this home for sale, click on the Link above. The home is being sold in it’s “As Is” condition and should sell fast at this price. Aliso Viejo boasts of some of the areas finest public schools and this home is a short walk to the Aliso Canyon Regional Park.
Interest rates are at an all time historic low, and there are plenty of FHA loans available that allow you to buy this home with 3% to 3.5% down payment. Our mortgage banks also offer the 203K FHA rehab loan which will let you borrow additional funds for renovation at very low fixed interest rates amortized over 30 years.
If you would like to view all Bank Owned REO homes currently listed for sale in Aliso Viejo, CA., please click on the Link in this sentence. If you would like to view the above featured home for sale at 17 Rue De Chateau, or any other Bank Owned home for sale, fell free to give us a call at: (949) 388-3396 or drop us an email at: Info@OCBankREO.com
by Vincent Bindi on November 10, 2008
We are show casing one of our many Short sale successes in Orange County, CA. The exact address and buyer seller details will not be published to protect their privacy.
The home was located in Coto De Caza and was a beautiful 5 bedroom, 3 bath, 3 car garage estate with a golf course view. At the time, this home was worth $910,000 (April 2008′). There was a 1st Mortgage with Saxon Mortgage with a total outstanding loan balance $1,140,000, and this lender had filed Foreclosure about 4 months earlier. There was also a 2nd Mortgage with Homecomings with a total outstanding loan balance of $150,000 on the property as well, plus $9,000 in back property taxes. This resulted in a total outstanding debt of just about $1.3 Million The homeowner first came to us on a Thursday afternoon, desiring a Short Sale, and he told us that the Foreclosure Trustee Sale was next Tuesday at 1PM at the Courthouse steps in Santa Ana – just 3 working days away.
We told the homeowner, that we could not guarantee success, for we had very little time left to work with the mortgage banks, but we would give it our bet efforts. To make a long story short, in the first few days, we were able to convince the 1st mortgage bank to postpone the foreclosure sale for 1 month. During the next 3weeks, we gathered and packaged the short sale documents for both the 1st and 2nd mortgage banks – submitted these packages and got the negotiators assigned – we obtained the BPO/appraisal for both lenders. The week before the postponed foreclosure sale, we obtained a good offer to purchase from another buyer, this time for a fair price of $900,000. We were again able to postpone the foreclosure sale one more month.
During that next month, we conducted expert negotiations in order to get the loan balances reduced to allow the purchase of the property. The 1st Lender, Saxon, eventually agreed to a discounted settlement of $800,000, which represented a 29% discount from the total outstanding loan balance owed… plus we convinced the 1st Mortgage to pay all of the back property taxes. The 2nd lender, Homecomings, agreed to a settlement of just $15,000, for an outstanding loan balance of $150,000, which represents a 90% discount. Sounds hard to believe I know, but the 2nd mortgage was faced with the tough decision of either accepting this massive discount, or receiving nothing from the eminent foreclosure sale.
The grand total outstanding mortgage debt was $1.3 Million before the short sale, and after our expert negotiations were completed, were able to negotiate this debt down to $815,000 plus misc costs, in order to close the short sale purchase escrow. It was a win win for all. The 1st mortgage bank got 70% of the original balance plus arrears. If they were to foreclose, they probably would have only received 65% from an REO sale 6 months down the road. The 2nd mortgage lender received $15,000, and if the 1st foreclosed, the 2nd would not have received a dime…
The homeowner also won, in that they were able to sell their home in a relatively dignified manner, versus being evicted by the sheriff in a bank foreclosure. Plus the credit will be more easily corrected/improved down the road as compared to a foreclosure. Plus within 2 years, FNMA will underwrite a mortgage loan for them, if they so choose, versus having to wait 5 years for such a privilege if they chose foreclosure.
The Team at ShortSalesASAP is one of the leading short sale experts in Orange County. To be great at short sales, a firm needs to be dedicated full time plus, to this endeavor, for bank negotiations are very trying frustrating and time consuming. Also, an expert short sale team must be cunning negotiators and know what banks expect in terms of negotiations, packaging, settlements and more. Plus there is no substitute for results. Our team at ShortSalesASAP.com has over a 90% success rate for all short sale clients we have accepted.
by Vincent Bindi on November 5, 2008
Price (subject to change): $509,900
Type: Attached Condo
Bedrooms: 3
Baths: 3
Living Area (SqFt): 1,510
No. of Garages: 2
Stories: 2
Year Built: 2002
Lot Size (SqFt): – condo -
City: Tustin Unified School District
Area: Northpark
Tract: Monterey (MREY)
Street: El Cajon
School District:
Property Description: DUAL MASTER SUITE WITH UPGRADES THROUGHOUT. CUSTOM PAINT COLORS, PLANTATION SHUTTERS, UPGRADED BASEBOARDS, AND CROWN MOLDING. PRIVATE GREENBELT LOCATION. NEAR SHOPPING AND NEXT TO ALISO VIEJO GOLF COURSE.
Financing: FHA 3% down payment financint is availbe to purchase this Condo.
Contact: To view this Bank Owned REO condo for Sale, 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 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
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
