Ar_home_b_search
 



short sales: Never Underestimate the Emotions in Real Estate - 01/30/12 06:45 PM
I had two recent closings that made me take a moment and really think about how real estate is more than just a transaction or deal.  One was a short sale listing of mine and the other a standard sale.  Both showed little to no emotion about selling the homes during most of escrow until the end, when the finality of closing escrow really means.  The first, being a short sale, seemed mostly relieved that the sale may actually happen and they could move on with their lives.  It didn't strike me just how emotional it was when I asked them … (5 comments)

short sales: El Camino Village Real Estate - By the Numbers - 01/19/12 01:24 PM
El Camino Village is a small pocket of Lawndale and Gardena with a very different feel than the surrounding areas.  I is an unincorporate part of LA with mailing addresses in both Gardena and Lawndale and the area is bordered by Crenshaw Blvd to the east, Prarie to the West, Manhattan Beach Blvd to the south and Marine Ave to the north.  El Camino Village has a very unique neighborhood feel with a wonderful quality of livng as it is a very walkable neighborhood with local schools often just around the corner, and is primarily zoned for single family homes only … (0 comments)

short sales: Fusion South Bay Townhome Update - October 2011 - 10/12/11 02:14 AM
Currently there are only 5 townhomes on the market in Fusion which is a significant decrease from the summer.  Of the 5 two are short sale properties and the other 3 are standard sales.  There is currently one property in escrow but as it's a short sale there is no current set closing date.  Due to the potential litigation issues in Fusion there has only been one closed escrow since the beginning of the year.
To view the details of the current Fusion townhome listings including pictures and additional information visit our Fusion South Bay website.  Fusion is a great option … (1 comments)

short sales: May 2011 a big month for Hermosa Beach home sales - 06/15/11 03:44 PM
May was a big month for home sales in Hermosa with inventory down and both closed and pending home sales up.  22 homes closed escrow in the month of May which is up significantly from both the previous year and almost double the number of sales of any other month in 2011.  See the list below of homes sold in May or for addtional information visit May 2011 home sales in Hermosa.  of the homes 2

 

… (0 comments)

short sales: 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)

short sales: 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)

short sales: 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)

short sales: 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)

short sales: 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.
 
… (0 comments)

short sales: 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)

short sales: HAFA Intended to Speed Up the Short Sale Process......Really? - 09/07/10 12:35 PM
*My apologies for the length of this post but there's simply no way to convey the short sale process in a shortened format* As if the short sale process (especially with Bank of America) needs anything additional to make it more difficult, along comes HAFA.  I've had a number of short sale listings with Bank of America and they're never easy.  They have certainly earned their reputation as far and away the most inefficient and non communicative lender in this difficult process.  So on a transaction originally started in late March we quickly received an offer and submitted it to Bank … (3 comments)

short sales: Manhattan Beach Short Sale and Foreclosure Update - August 14, 2010 - 08/14/10 11:32 AM
The number of distressed properties continues to rishe in the high end real estate market of Manhattan Beach with 12 properties currently active for sale.  The properties range from Manhattan Village townhomes to luxury estates.  To view more information visit our Manhatttan Beach foreclosure site.  Contact us to set up a private tour of any of the homes or visit the South Bay open house list to see an updated schedule for Manhattan Beach, Hermosa Beach and Redondo Beach.

Keith Kyle is a licensed Realtor, short sale specialist and Top Producer with South Bay Brokers in Manhattan Beach.  He serves … (1 comments)

short sales: Tremendous Short Sale and Foreclosure Inventory in South Redondo Beach - 07/21/10 02:37 AM
South Redondo Beach Short Sale and REO Update - July 21st 2010
With a marked increase in short sale and bank owned listings in South Redondo Beach opportunities abound.  There are currently 20 distressed homes on the market in South Redondo with 17 short sales and 3 bank owned properties.  Of the 20 homes there are 6 single family homes, 8 condominiums and 6 townhomes.
In addition to the 20 homes in South Redondo there are 26 short sale and bank owned listings in North Redondo Beach.
Click below for more information on individual homes.


Keith Kyle is a … (1 comments)

short sales: Bank of America's Equator only as good as the Short Sale Negotiator Assigned to It - 06/09/10 12:42 AM
For those agents unfortunate enough to have dealt with Countrywide and Bank of America and their short sale process, the use of their Equator system (it's not actually theirs but currently the only lender using it) was supposed to make the process more efficient, more manageable and more transparent.  The problem lies in the fact that the system is only as good as the people managing the files, which in my case has not been very good.  As every email and communication is tracked on the system, I do hope that the one real benefit to come from it is for … (3 comments)

short sales: Manhattan Beach Foreclosures and Short Sale Update - June 2010 - 06/07/10 12:55 AM
Opportunities continue to exist in the the luxury real estate market of Manhattan Beach with 13 distressed homes currently for sale at some stage of the foreclosure process.  Of the 13 homes there are 7 single family homes, 5 townhomes and 1 condominium.  3 of the homes are bank owned properties with the other 10 being either short sales or homes with NOD's filed.  Visit our Manhattan Beach short sale and foreclosure website to see more information.

Keith Kyle is a licensed Realtor, short sale specialist and Top Producer with South Bay Brokers in Manhattan Beach.  He serves his clients throughout … (2 comments)

short sales: Foreclosure and Short Sale Inventory Up in Manhattan Beach - 04/27/10 03:28 PM
April 27th, 2010
While the Manhattan Beach real estate market has fared far better than many areas in both California and nationally, this community of luxury homes isn't completely immune.  The number of distressed listings in Manhattan Beach has remained relatively steady but we have seen a recent increase in the inventory of homes at some stage of the foreclosure process.  There are currently 13 homes active on the market of which:
9 Single Family Homes, 4 townhomes, 11 short sale homes, 2 bank owned properties, 2 homes in the Sand Section, 2 homes in the Tree Section, 4 homes in … (0 comments)

short sales: The Only Thing Short in a Short Sale is the Payoff - 02/09/10 11:19 PM
Although I keep telling myself, and my clients, to not be surprised by anything the banks do in a short sale, it's sometimes hard to heed my own advice.  Last night I got the dreaded call from the buyers agent "my clients have found something else and can no longer wait for the banks to approve their offer".  This is just so frustrating and despite all of my efforts to keep the first time buyer and the buyers agent involved (weekly updates even though there's generally nothing to report, a slow and steady stream of disclosures, etc) it's just so hard … (3 comments)

short sales: Getting Lucky and Loving Every Minute of It.... - 11/21/09 01:12 AM
One thing I've written about in the past is how much I like the fact that every different kind of personality can not only survive in this business...but thrive.  The reason that so many various personality types can make it in this business is that ultimately it's a people business.  Clients are as varied as agents with some experiences certainly better than others.
And lately I've just been plain lucky.  For whatever reason every client I've worked with lately has been great and as I've seemed to tell most of them lately...it's a real bonus when you like the person or … (0 comments)

short sales: Manhattan Beach CA Foreclosure Update for August 2009 - 08/21/09 10:40 AM
While most of the current active "distressed" listings in Manhattan Beach have been on the market a while, there are some new properties on the market since July.  There are currently 11 properties on the market with the lowest priced home at $649,000 and the highest price at just under $3,350,000 with the average price around $1,250,000.  10 of the homes are single family residences with the newest listing a townhome.  Of the 11 properties 4 are located in the Manhattan Beach tree section, 5 in East Manhattan Beach, and two located in the Hill Section.  For more information on Manhattan Beach … (0 comments)

short sales: 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)