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bank owned homes: South Redondo Bank Owned - Foreclosure Update - 01/23/12 11:40 AM
The number of bank owned homes in South Redondo Beach has continued to be steady with any new pending or closed sales quickly being replaced with new listings and the overall number generally hovering under 10.  While bank owned homes, or REOs (Real Estate Owned) may not be quite the discounted price that is often seen in short sales, much of the delays, unknowns and aggrevations are alleviated.  Currently ther are 6 bank owned homes on the market with all of them being townhomes or foreclosures.  For an updated list of the foreclosures and short sales in Redondo Beach visit our … (0 comments)

bank owned homes: North Redondo Beach Foreclosure and Short Sale Update - 01/03/10 11:28 PM
Well with the holidays winding down and the market getting ready to ramp up it's time to take a look at some South Bay real estate markets to see what is happening in the world of short sales, bank owned homes and other distressed properties.
North Redondo Beachhas seen the bulk of the distressed sales in the South Bay and there are currently 9 active properties.  Of the 9 homes all are short sales except for the home at 506 Phelan, Redondo Beach which is a REO or bank owned home.  6 of the properties are single family homes and 3 … (0 comments)

bank owned homes: Patience is a virtue.....and a requirement in a short sale - 03/17/09 01:18 AM
As I've mentioned in the past, I just can't seem to avoid bank owned homes and short sales.  They seem to be everywhere in the South Bay and we even see a continuing rise in places like Manhattan Beach.  As many buyers, and especially first time home buyers, are looking for the great deal, that often inevitably leads to short sales.  A short sale is basically a sale in which the homeowner owes more money than they can sell their home for and therefore need bank approval to allow the sale to go through.  That's where the problems start. Today I'll focus … (0 comments)

bank owned homes: Don't call for status.....if it shows active it is available (Unless it's not) - 02/03/09 04:47 PM
In this continually changing South Bay real estate market in which you just can't seem to avoid short sales and bank owned homes, I keep running across listings with the agent remarks "Please don't call for availability.  If it shows active it is available."  That's great and all, but it seems that more often than not I go view it with my clients, call the listing agent with a question about my clients wanting to write and offer only to be told.....it's actually in escrow.  Now I realize that many of the agents that specialize in REOs and short sales have quite a … (5 comments)

bank owned homes: Lower Priced Hollyglen/Del Aire Housing Market Really Picking Up - 01/08/09 01:08 PM
With downward pricing pressure from foreclosures and short sales, the market for lower priced homes in Del Aire is really picking up.  Homes that had been sitting on the market are now going into contract.  Of the 5 single family homes priced below $400,000 (which would have been unheard of a year ago) 4 have gone into escrow in the past month after some were sitting on the market for quite a while.  Of the 5 homes 2 are bank owned homes, 1 is a short sale, one is a court ordered (not probate) sale and only one is traditional seller.  Click … (0 comments)

 
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Keith Kyle

Redondo Beach, CA

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South Bay Brokers

Address: 2501 N Sepulveda Blvd, Manhattan Beach, CA, 90266

Office Phone: (310) 546-7611 x 366

Cell Phone: (310) 251-2344

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