From the category archives:

6 – Orange County Bank Foreclosure REO Homes

Huntington Beach Bank Foreclosure Real Estate report.

by vbindi on January 26, 2012

This article was written by the Distressed Property team at eVantage Real Estate, who specialize in short sale and bank owned homes here in Huntington Beach . This article will report the statistics for Active for Sale and Sold standard listing properties, as compared to Bank Owned foreclosure properties. Currently, there are 251 detached homes listed for sale in Huntington Beach , California. The median price of these homes for sale is $729,000 and the average price per square foot is $405 . 13 of these active listings are Bank Owned REO’s, which represent 5% of the total inventory of detached homes for sale. The median price of these bank foreclosure properties is $526,000 and the average price per square foot is $321 .

For homes under contract, there are 171 detached homes in escrow on this date, and the median price is $599,000 . Of this total, 11 are bank foreclosures in escrow, which is 6% of the total detached properties in escrow in Huntington Beach , and the bank owned property median price in escrow is $565,250 .

In the past 3 months, there have been a total of 205 detached homes that have sold and closed escrow in Huntington Beach . The median price was $584,000 and the average price per square foot was $342 . Of this total were 13 were Bank Owned properties in the city of Huntington Beach in the past 3 months. This number of sold bank foreclosures is 6% of the total. The median price was $427,500 , and the average price per square foot was $283 .

If you would like more info regarding bank foreclosure properties for sale, click the following link to visit our website at: Huntington Beach Bank Owned Homes & Condos. If you would like to speak with a real estate professional, or see the inside of any Foreclosure property, feel free to call: (949) 388-3396, or email us at: Info@eVantageRE.com.

{ 0 comments }

San Clemente Bank Foreclosure Real Estate report.

by vbindi on January 19, 2012

This article was written by the Distressed Property team at eVantage Real Estate, who specialize in short sale and bank owned homes here in San Clemente. This article will report the statistics for Active for Sale and Sold standard listing properties, as compared to Bank Owned foreclosure properties. Currently, there are 198 detached homes listed for sale in San Clemente California. The median price of these homes for sale is $797,000 and the average price per square foot is $384. 10 of these active listings are Bank Owned REO’s, which represent 5% of the total inventory of detached homes for sale. The median price of these bank foreclosure properties is $590,100 and the average price per square foot is $270.

For homes under contract, there are 102 detached homes in escrow on this date, and the median price is $650,000. Of this total, 10 are bank foreclosures in escrow, which is 10% of the total detached properties in escrow in San Clemente and the bank owned property median price in escrow is $624,900.

In the past 3 months, there have been a total of 104 detached homes that have sold and closed escrow in San Clemente. The median price was $640,000 and the average price per square foot was $271. Of this total were 11 were Bank Owned properties in the city of San Clemente in the past 3 months. This number of sold bank foreclosures is 11% of the total. The median price was $496,000 and the average price per square foot was $214.

If you would like more info regarding bank foreclosure properties for sale, click the following link to visit our website at: San Clemente Bank Owned Homes & Condos. If you would like to speak with a real estate professional, or see the inside of any Foreclosure property, feel free to call: (949) 388-3396, or email us at: Info@eVantageRE.com.

{ 0 comments }

San Juan Capistrano Bank Owned Homes Real Estate report.

by vbindi on January 12, 2012

This report is for standard sales and bank owned foreclosure properties in San Juan Capistrano , and is brought to you by the Broker at eVantage Real Estate. Currently, there are a total of 80 detached homes listed for sale in San Juan Capistrano , California. The median price of these active homes for sale is $1,149,000 and the average price per square foot is $333 . Of this total, 5 are bank owned listings active for sale. These foreclosure listings represent 6% of the total inventory of detached homes for sale. The median price of these bank owned properties is $399,900 and the average price per square foot is $242 .

Currently, there are 50 detached homes under contract in escrow, and the median price of these pending properties is $599,000 . Of this total pending properties, 4 are bank owned REO properties, which is 8% of the total detached properties in escrow in San Juan Capistrano . The median price is $569,800 .

In the past 90 days, there have been a total of 55 detached homes that have sold and closed escrow in San Juan Capistrano . The median price of these sold homes was $575,000 and the average price per square foot was $260 . Of this total were 13 REO foreclosure properties, which was 24% of the total sales. The median price was $400,000 , and the average price per square foot was $235 .

For more information about bank owned foreclosure properties, please visit our website at: San Juan Capistrano Bank Owned Homes & Condos. For Questions, or if you would like to see the inside of any Foreclosure property, feel free to call: (949) 388-3396, or email us at: Info@eVantageRE.com.

{ 0 comments }

Mission Viejo Bank Owned Condos Market Update.

by vbindi on January 5, 2012

This report is for standard sales and bank owned foreclosure Condominiums in Mission Viejo , and is brought to you by the Broker at eVantage Real Estate. Currently, there are a total of 81 condo units currently listed for sale in Mission Viejo . The median price for these listed condominiums is $272,000 and the average price per square foot is $221 . Of this total, 12 are bank foreclosure condo listings. The median price of these bank REO condos is $214,900 , and the average price per square foot is $205 . The ratio of bank owned condo listings to total listings is 15% .

For condominiums, there are now 75 attached units in escrow, and the median price is $229,900 . Of this number, 10 are bank foreclosure Condos in escrow in Mission Viejo . These bank Owned condos are 13% of the total units in escrow, and the median price is $239,900 .

For attached condos, there have been a total of 67 condominium sales in the past 3 months. The median price was $260,000 , and the average price per square foot was $214 in Mission Viejo . In addition, there were 18 bank foreclosure condos that sold and closed escrow during this same period of time, which was 27% of the total number of units sold. The median price of the sold bank owned condominiums was $209,500 , and the average price per square foot was $201 .

For more information about bank owned foreclosure properties, please visit our website at: Mission Viejo Bank Owned Homes & Condos. For Questions, or if you would like to see the inside of any Foreclosure property, feel free to call: (949) 388-3396, or email us at: Info@eVantageRE.com.

{ 0 comments }

Lake Forest Bank Foreclosure Real Estate report.

by vbindi on January 4, 2012

This article was written by the Distressed Property team at eVantage Real Estate, who specialize in short sale and bank owned homes here in Lake Forest . This article will report the statistics for Active for Sale and Sold standard listing properties, as compared to Bank Owned foreclosure properties. Currently, there are 106 detached homes listed for sale in Lake Forest , California. The median price of these homes for sale is $519,000 and the average price per square foot is $265 . 6 of these active listings are Bank Owned REO’s, which represent 6% of the total inventory of detached homes for sale. The median price of these bank foreclosure properties is $534,900 and the average price per square foot is $257 .

For homes under contract, there are 83 detached homes in escrow on this date, and the median price is $444,900 . Of this total, 6 are bank foreclosures in escrow, which is 7% of the total detached properties in escrow in Lake Forest , and the bank owned property median price in escrow is $369,900 .

In the past 3 months, there have been a total of 107 detached homes that have sold and closed escrow in Lake Forest . The median price was $453,000 and the average price per square foot was $249 . Of this total were 15 were Bank Owned properties in the city of Lake Forest in the past 3 months. This number of sold bank foreclosures is 14% of the total. The median price was $417,000 , and the average price per square foot was $233 .

If you would like more info regarding bank foreclosure properties for sale, click the following link to visit our website at: Lake Forest Bank Owned Homes & Condos. If you would like to speak with a real estate professional, or see the inside of any Foreclosure property, feel free to call: (949) 388-3396, or email us at: Info@eVantageRE.com.

{ 0 comments }

Rancho Santa Margarita Bank Foreclosure Real Estate report.

by vbindi on December 31, 2011

This article was written by the Distressed Property team at eVantage Real Estate, who specialize in short sale and bank owned homes here in Rancho Santa Margarita . This article will report the statistics for Active for Sale and Sold standard listing properties, as compared to Bank Owned foreclosure properties. Currently, there are 95 detached homes listed for sale in Rancho Santa Margarita , California. The median price of these homes for sale is $528,400 and the average price per square foot is $244 . 10 of these active listings are Bank Owned REO’s, which represent 11% of the total inventory of detached homes for sale. The median price of these bank foreclosure properties is $529,900 and the average price per square foot is $234 .

For homes under contract, there are 82 detached homes in escrow on this date, and the median price is $500,000 . Of this total, 6 are bank foreclosures in escrow, which is 7% of the total detached properties in escrow in Rancho Santa Margarita , and the bank owned property median price in escrow is $409,500 .

In the past 3 months, there have been a total of 92 detached homes that have sold and closed escrow in Rancho Santa Margarita . The median price was $502,000 and the average price per square foot was $239 . Of this total were 11 were Bank Owned properties in the city of Rancho Santa Margarita in the past 3 months. This number of sold bank foreclosures is 12% of the total. The median price was $455,000 , and the average price per square foot was $231 .

If you would like more info regarding bank foreclosure properties for sale, click the following link to visit our website at: Rancho Santa Margarita Bank Owned Homes & Condos. If you would like to speak with a real estate professional, or see the inside of any Foreclosure property, feel free to call: (949) 388-3396, or email us at: Info@eVantageRE.com.

{ 0 comments }

Irvine Bank Owned Homes Real Estate report.

by vbindi on December 22, 2011

This report is for standard sales and bank owned foreclosure properties in Irvine , and is brought to you by the Broker at eVantage Real Estate. Currently, there are a total of 222 detached homes listed for sale in Irvine , California. The median price of these active homes for sale is $799,000 and the average price per square foot is $415 . Of this total, 10 are bank owned listings active for sale. These foreclosure listings represent 5% of the total inventory of detached homes for sale. The median price of these bank owned properties is $569,000 and the average price per square foot is $327 .

Currently, there are 102 detached homes under contract in escrow, and the median price of these pending properties is $689,900 . Of this total pending properties, 7 are bank owned REO properties, which is 7% of the total detached properties in escrow in Irvine . The median price is $639,900 .

In the past 90 days, there have been a total of 171 detached homes that have sold and closed escrow in Irvine . The median price of these sold homes was $705,000 and the average price per square foot was $347 . Of this total were 14 REO foreclosure properties, which was 8% of the total sales. The median price was $555,000 , and the average price per square foot was $320 .

For more information about bank owned foreclosure properties, please visit our website at: Irvine Bank Owned Homes & Condos. For Questions, or if you would like to see the inside of any Foreclosure property, feel free to call: (949) 388-3396, or email us at: Info@eVantageRE.com.

{ 0 comments }

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.

Foreclosure Homes for Sale in Laguna Niguel

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 BdBaSqFt Price
CONDO9 Pearl11873$198,900
CONDO24421 Avenida De Los Ninos 6421900$220,000
CONDO7 Avalon Cv221,120$272,500
CONDO21 Flamingo Ct 104321,221$309,900
CONDO17 Glen Cv 2221,100$336,000
CONDO27425 Newporter Way 255331,597$379,900
SFR4 Tobago231,605$413,900
CONDO176 Cameray Hts231,450$414,900
SFR20 Stream St331,900$499,900
SFR30461 Via Alcazar Ave421,960$589,000
SFR24626 Los Serranos Dr532,100$650,000
SFR31662 Isle Royal Dr432,468$651,000
SFR21 Trestles432,719$697,950
SFR24036 Piragua Pl432,500$759,000
SFR30381 Via Alcazar Ave532,600$775,000

Ladera Ranch Bank Owned Homes Listed for Sale

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

TypeAddressBdrmsBathsSqFtPrice
SFR 4 Drackert Ln  , Ladera Ranch 443,550$830,000
CONDO 27 Tarleton Ln  , Ladera Ranch 341,662$404,000
SFR 19 Maybeck Ln  , Ladera Ranch331,910$487,900
SFR 22 Michael Rd  , Ladera Ranch 563,730$875,000

← Previous Entries