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foreclosures: 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)

foreclosures: Do certain cities even have standard sales anymore? - 12/22/09 01:45 AM
As I work with a number of short sale sellers and buyers I do realize that the market has been dramatically impacted by these distressed sales.....but the reality even surprises me once in a while.  I was just doing a quick search of single family homes in Gardena California, for homes with 3 bedrooms and priced under $400,000.  Now granted that anything in the South Bay under $400,000 is a reach but I just couldn't believe the results.
Of the 18 homes priced under $400,000 that are currently active, 13 of them are "distressed" sales with 12 short sales and one bank … (2 comments)

foreclosures: 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)

foreclosures: 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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