bank owned homes: South Bay Foreclosures aren't necessarily the deals you think they are - 03/29/11 05:48 PM
I work with many potential home buyers that are just starting their search. Many of them are from out of the area or live locally and are looking to own instead of rent but, unfortunately, many find out that their price range makes it a real challenge to find something that works for them. As many feel priced out of the market, most think that their solution lies in finding a short sale or bank owned homes. Many new buyers have read about the deals to be had in the distressed home market and have the perception that short sales and bank … (0 comments)
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bank owned homes: Torrance Bank Owned Home Update - 03/24/11 01:58 AM
Keith Kyle is a licensed Realtor, short sale specialist and Top Producing agent with South Bay Brokers in Manhattan Beach. He serves his clients throughout the South Bay and his websites KeithKyleHomes.com, ManhattanBeachLuxuryRealEstate.com and FindYourSouthBayHome.com offer the most comprehensive real estate destinations in the South Bay with free MLS access, current home listings, open houses, recent home sales information and more. Keith can be reached at 310-251-2344 or by email at info@KeithKyleHomes.com. For more information on the South Bay, visit my Beach Cities Real Estate blog.
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bank owned homes: Manhattan Beach Foreclosure Update - March 7th - 03/07/11 01:53 PM
Inventory of bank owned homes, short sale listings and pre foreclosures seems to be dwindling just a bit as several listings have gone into escrow in the past few weeks. Currently there are 9 homes on the market in Manhattan Beach with 8 of the 9 being single family homes and 1 a court home in Manhattan Village. Of the 9 homes 8 are short sales with only the listing at 1412 Wendy Way in East Manhattan's Liberty Village being owned by the bank. The homes are in various neighborhoods with 3 short sales in the Tree Section, 1 in the … (1 comments)
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bank owned homes: Redondo Beach Bank Owned Homes and Foreclosures - February 19 2011 - 02/20/11 02:29 AM
Inventory of bank owned homes has been reduced recently as the market has picked up and buyers are actively searching for "deals" and bank owned homes have generally been priced very competitively. Currently in North Redondo there are 3 bank owned homes on the market ranging from $583,000 for a 2 bedroom single family home in fairly original condition to $809,000 for a newer 5 bedroom townhome at 2110 Curtis. For information on any of these homes feel free to contact us or to see an updated list of bank owned homes and short sales in Redondo Beach visit our foreclosure … (0 comments)
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bank owned homes: More REOs or Bank Owned Homes in the Luxury Market of Manhattan Beach and Hermosa Beach - 01/05/11 06:35 PM
I have many clients contact me about "foreclosures" in Manhattan Beach and Hermosa Beach and I often have to go into the details of what this means and that foreclosures generally can mean anything from notice of defaults filed, to short sales listed on the MLS, to bank auctions, to actual REOs or bank owned homes. Each have their own challenges but most of the time they're primarily looking for bank owned homes. Although short sales have gotten much easier and quicker in most cases, bank owned homes are a much more straightforward transaction as most of the unknowns, as to … (0 comments)
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bank owned homes: Redondo Beach Bank Owned and REO Opportunities - 11/30/10 08:33 PM
With interest rates remaining historically low, the market slowing down, and sellers becoming more motivated all of the time it's a great time to be a home buyer. Possibly the best source of great homes at below market prices are bank owned or REO properties. While not as prevalent as in more distressed areas around the state, Redondo Beach has seen a recent increase in these properties. Although dealing with banks isn't as simple as dealing with a standard sale, they're still generally much simpler then the short sale process which also offers great opportunities but often with long waits and … (0 comments)
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bank owned homes: Torrance Bank Owned and REO Update - November 10th 2010 - 11/09/10 03:38 PM
Opportunities abound in the Torrance real estate market with a recent increase in both bank owned homes and short sales. The current foreclosure market offers buyers some very nice opportunities whether buying as a primary residence or looking for investment and income property. View the current bank owned homes and REOs as of November 10th 2010. To view the current Torrance short sale opportunities visit our South Bay foreclosure information site.
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bank owned homes: Torrance Bank Owned Homes on the Rise - 09/16/10 12:15 PM
With short sales probably being the best way to find "deals" in the South Bay and Torrance, many home buyers simply don't want to put up with the delays and unknowns that go along with buying a short sale home. Although often not priced quite as aggressively REOs or bank owned homesare possibly the next best thing as the lenders have gone through the foreclosure process, own the home outright, and are generally willing to sell for the list price, without the endless levels of beaurocracy involved. Torrance offers an abundance of these bank owned homes with some in great condition … (0 comments)
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bank owned homes: Why is it that when a listing says "don't call for status"....it's usually wrong? - 08/04/09 04:58 PM
From the pet peeve department......One thing that drives me crazy is when I see a listing that states...."if it shows active, it is. Please do not call for update or status". Now I have a number of listings and do often struggle to keep up with the volume of calls that I receive asking if the home is still for sale so I do sympathize, especially for those doing REOs or bulk short sales with more listings then they can keep track of. But here's the problem....If you're going to put in the listing "don't call, listing status continually updated" then continually update it. In my … (6 comments)
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bank owned homes: Are South Bay foreclosures really the "deals" they're made out to be? - 04/16/09 11:51 AM
With prices in the South Bay becoming more affordable and interest rates at historic lows, more buyers are deciding that the time is now to purchase a home. In the current market many buyers are more focused on finding a "deal" than finding a great home. They approach me hoping to find these bargains that they've heard about and are concentrating solely on the foreclosure market. It's understandable as the news and headlines (as well as some sales pitches from realtors, internet companies, etc) are all touting finding these homes as a simple process and a get rich quick scenario. They make it sound simple to … (0 comments)
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bank owned homes: Short Sales On the Rise....Even In Manhattan Beach - 12/16/08 03:14 PM
The real estate market in Manhattan Beach remains very strong compared with some surrounding areas, but it appears as though the number of short sales and notice of default filings has been rising and there are now 10 distressed homes listed on the South Bay MLS. This increase in bank owned and short sale homes should provide some opportunities for home buyers in the area.
Click on the links below to see pictures and descriptions.
Keith Kyle - Realtor, e-Pro - South Bay Brokers- 2501 N Sepulveda Blvd Manhattan Beach, CA 90266 - 310-251-2344 - Keith.Kyle@SouthBayBrokers.com
For real estate … (0 comments)
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bank owned homes: Keep in mind that short sale prices can be a bit misleading - 10/21/08 01:40 AM
Many of my clients find me through the internet and are often looking for "deals" in the South Bay and often think that the best place to be searching is short sales and bank owned opportunities. Short sales and REO properties both generally fit under the moniker of foreclosure listings, but they're quite a bit different in terms of the process and simplicity of purchasing a home. While looking to purchase a bank owned home can be fairly straightforward, buying a short sale may not be so simple.
What often draws people to these South Bay short sale listings is the price. … (0 comments)
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