Four Seasons Realty: California: Oceanside

Just reduced!!!  Oceanside four bedroom two bath remodeled single story home on a large lot 

Fantastic Remodeled 5 bedroom Oceanside home! Situated on an elevated corner lot with views of the mountains, hills, and city lights.   This home has undergone extensive improvements including all new paint inside and out, new fixtures, carpet and more.   The kitchen boasts all new granite countertops and stainless steel appliances.  The home has been professionally landscaped front and back with new tropical plants and planters. Boasts High ceilings, Terra Cotta tile floors and all new carpet. Traditional sale.

Property Features:

5 Bedroom/ 3 1/2 bath

2585 square feet

Private/ Corner Lot

Fireplace

Upgrades thourghout

Great Schools

Price: 495,000 to 525,000

To Learn more about this listing visit our website by clicking here.

1305 Breeze St, Oceanside, CA 92058~ Ocean View Homes for Sale~ Real Estate

Come check out this new Ocean View Charmer.   The seller took this home all the way down to the studs and started over with all new plumbing, all new electrical, all new fixtures, all new stucco, all new windows, new doors, walls, paint, insulation, and more.  It's practically a brand new house inside and out including professional landscaping front and back.   Enjoy the stunning ocean views from the kitchen, master bedroom, garage, and backyard.   Only 1 mile to the beach, harbor, and entertainment.   This one is not a short sale or a bank owned REO and the seller will respond quicly to your offers.

Please give me a call to come see this one or learn more about it by clicking here.

Property Description:

Single Family

2 bedroom/ 1 bath

Built in 1954 and remodeled in 2010/2011.

Ocean View Lot, Flat Useable Lot.

Priced from: 269,000 to 309,000

Where else can you buy a fully remodeled ocean view home 1 mile to the beach in Southern California for under 300,000?  I'm not sure either...

Seller also has pictures available throughout the construction and remodel process available for the future owner.    Contact me today to come see this one and it will sell quickly!

Oceanside California Free Downloadable Foreclosure Auction Report and Guide.   Are you looking for a free way to track foreclosures in your area and download free reports of what Foreclosure Auctions are available on the market?   Then you have come to the right place.   We will offer you real time access to search all short sales on a map, even the ones that are not listed.   You can also download our Foreclosure Auction reports which will give you itemized addresses, property type, bedrooms, bathrooms,etc.  Click here to go to our free instant download page. 

Foreclosures scheduled for Auction:  We actually attend the Foreclosure auctions on a regular basis.  They are either held downtown San Diego on the courthouse steps or at the Courthouse in El Cajon.  These properties are ones that the lender was not able to work out a viable solution for the current homeowner by either refinancing them, modifying their loan, or facilitating a short sale.   In this case, they take them to the foreclosure auction to offer them up for sale to 3rd party investors.   There can be a lot of great deals to be had at these sales if you really do your homework and are diligent in your efforts.    Some important things to note about these sales:

• You have to pay cash on the spot if you are the winning bidder (Via Certified Cashiers Check)
• You can't buy Title Insurance, which protects you against any unknown or past liens
• The properties are sold in completely "as is" condition
• Many times the properties are still occupied by the current owners or tenant and it is up to the new buyer to handle the eviction process at this point
• Many times if the property is occupied before the foreclosure auction it is impossible to inspect these properties up front

These items listed above could really come back to haunt you if you don't thoroughly do your homework, however they also many times allow for great opportunities.   To learn more about upcoming foreclosure auctions, and to track upcoming foreclosures in Oceanside and other San Diego County cities click here.

These are just some thoughts to keep in mind when buying a property from a Foreclosure Auction, you will just want to factor in some of these potential costs when considering making an offer.   We answer these and many more questions at our Home Buyer Resources page which also gives you instant access to download our free list of Foreclosure Auction properties in Oceanside or other cities.   Click here to get access now for free!

Oceanside California Free Downloadable Bank Owned Foreclosure Report and Guide.   Are you looking for a free way to track foreclosures in your area and download free reports of what short sales are available on the market?   Then you have come to the right place.   We will offer you real time access to search all bank owned homes on a map, even the ones that are not listed.   You can also download our bank owned foreclosure reports which will give you itemized addresses, property type, bedrooms, bathrooms,etc.  Click here to go to our free instant download page. 

Bank Owned REO Homes for Sale:  This is an area in the current market place that I think can have tremendous opportunities for buyers.   These properties have gone through the foreclosure process and are now owned by the bank alone.   The banks traditionally don't like to own these homes because it ties up money that they could be using to lend.   Usually offers on bank owned homes for sale are responded to quickly and you don't have the time of waiting around for months to hear back like you do with short sales.   Here are some important bullet points about Bank Owned REO Homes for Sale:

• In most cases you can use traditional financing on these properties just like you would with buying a Resale or New Home.
• You can also inspect the property thoroughly up front and have appraisals, termite inspections, home inspections, etc, performed in advance before closing.
• You can buy title insurance.  Unlike with foreclosure auctions, Bank owned homes for sale allow you to protect yourself and buy the property with clean title.
• The last owner or tenants have already been evicted and the properties are vacant.
• The banks are motivated to sell.

I believe that in many cases bank owned REO Homes for Sale are just as good of a deal as Short Sales or Foreclosure Auctions.   It still comes back to your personal situation and your risk tolerance for what is right for you.   If you are looking at this as an investment, but its also a home that you and your family are going to live in, than I would suggest a bank owned REO home, a Resale home, or potentially even a short sale.   If you are a saavy investor, you don't plan on living in the home, and you have a higher risk tolerance, than maybe buying at the Foreclosure Auction is the solution for you.   Either way, we can help you make that decision easier for you.    To learn more about Bank Owned REO Homes for Sale and actually search available bank Owned Homes in Oceanside California and other San Diego County Cities click here!

These are just some thoughts to keep in mind when buying a Bank Owned Foreclosure, you will just want to factor in some of these potential costs when considering making an offer.   We answer these and many more questions at our Home Buyer Resources page which also gives you instant access to download our free list of Bank Owned Foreclosure properties in Oceanside or other cities.   Click here to get access now for free!

Oceanside California Free Downloadable Short Sale Report and Guide.   Are you looking for a free way to track foreclosures in your area and download free reports of what short sales are available on the market?   Then you have come to the right place.   We will offer you real time access to search all short sales on a map, even the ones that are not listed.   You can also download our pre-foreclosure reports which will give you itemized addresses, property type, bedrooms, bathrooms,etc.  Click here to go to our free instant download page. 

What is a Short Sale: Properties that are in default, meaning the current owner is at least 3 months behind on their mortgage or more.   Short sale's require the lender approve the sale if the amount the property is selling for is less than what is owed.   I recommend these to our clients when it is a property that they absolutely love and are willing to wait on.   Many times it can take 3 to 6 months to get the lender to approve a short sale, and even though its under contract between the buyer and the current seller, the lender can still say no in the end!  However, in many cases banks are now being incentivized by the government to approve short sales.  If it's a property that the buyer isn't that crazy about, they are probably not worth the time and effort.   However, sometimes waiting and being patient, can not only get you a great deal, but a great home that you love all in one.   To learn more about listed short sales and to search all available short sales in Oceanside click here.    If you want to view unlisted short sales on a map click here.

Things to keep in Mind when considering a short sale.

• The lender usually won't pay for any necessary repairs before purchase
• They can take 3 to 6 months before approval
• Lenders usually won't pay for a home warranty
• Lenders in many cases won't pay for a termite report or any work to be performed
• Lenders in Some cases may ask the new buyer to pay HOA dues that are past due.

Short Sale Process Explained - Oceanside California - Short Sale My Home

Do you think you are in a potential short sale situation?  Do you know your options?   You do have them...

Overview:   Short sales typically occur when a borrower is in a situation where the home is worth less than what is owed to the lender on the property.   In some cases depending on the borrowers situation, the lender may approve a short sale which allows the property to be sold for less than the amount owed.   In this case the lender approves the short sale and takes less, and the borrower is no longer responsible to pay the loan.   In some cases the lender can ask that the borrower take back a loan to pay the deficiancy amount between what was owed and what the property sold for.   However, in many cases, this can be avoidable and the borrower can walk away and in return the lender can sell the home and get their money out.    

The Process:   The Short sale process unfortunately can take some time, 2 to sometimes 6 months.   The bank will want to review the borrowers situation, see that there has been some form of hardship, the lender will want the property to be listed on the market by a Real Estate agent, and will want to review offers.   Once an offer is received for the property, the bank will then usually order an appraisal.   Once the lender reviews the appraisal, the offer, and the client's paperwork, the lender will then either approve or deny the short sale.    If the short sale is approved, the lender will usually issue a short sale approval letter.   This letter will outline the price the lender will accept and terms.   It usually will always have an expiration date to which a new approval will have to then be rendered or they may cancel the short sale all together.   To learn more about the short sale process click here.

Who may qualify?:  Typically people who are in some form of financial hardship or have had some change in income or assets who no longer can financially afford to pay the loan may qualify for a short sale.   If you may be in a situation like this, you owe it to yourself to give us a call, we may be able to help.

How does this help or hurt my situation?:   While performing a short sale may have an adverse effect on your current credit situation; the short to long term benefits may highly outweigh it going to foreclosure.   Foreclosures effect you for up to 7 years, while in many cases, you can recover from a short sale much quicker!  

What if I have been declined for a loan mod?   Many borrowers have tried to do loan modifications without much success.    If you have been declined for a loan modification, this does not mean you wouldn't get approved for a short sale.  It may be that your income has changed since you bought the home that they declined the loan modification, however this could be a good sign that they would approve a short sale due to the hardship financially.

What are the next steps?:  The first step is to contact us.   We can give you a no obligation consultation regarding your current situation to see if a short sale may be right for you.   We are highly experienced in handling short sales and are we are standing by ready to help!   Don't wait til it's too late!   Call us or click here.

If you are interested in purchasing short sales in Oceanside or other cities you can view all active short sale listings on our website by clicking here.

Daily Foreclosure Auction Results Oceanside California - Oceanside Bank Owned Homes for Sale

This is your resource for daily numbers from the Downtown San Diego Foreclosure Auction.   We want to bring you a brief summary daily of the results at the auction for Downtown San Diego which handles sales throughout the entire county.

The foreclosure auction sales are open to the public on a daily basis and they usually start at 10am every weekday, excluding holidays and are held at 220 West Broadway, San Diego, Ca.  There is also an auction held at the El Cajon courthouse daily, but these numbers are from the Downtown Auction.   We attend these auctions on a regular basis and would be happy to provide you additional insight into buying properties at them, just contact me direct.   To track upcoming homes going up for sale at the auctions click here.

If you would like a detailed list of foreclosures in your actual neighborhood in Oceanside or an area you are looking to purchase in, contact us directly or visit our website here.

Here is an overview of the days numbers for Friday, September 3rd, 2010 

Oceanside saw 36 properties up for Sale on this date.   Of these 36, only 1 was sold to a 3rd party, 4 went back to the banks, and the rest were postponed or cancelled.      

However, please view the results for San Diego County for the same day to get a good picture of what took place.

Total Properties up for Sale    Cancelled    Postponed   Sold to 3rd Party   Back to Bank

         236                                       32                 185                   6                        13

Percentage sold to 3rd party: 2%

Percentage going back to lenders: 5%

Percentage Postponed: 78%

You will obviously notice from these numbers that the majority are being postponed or cancelled until some date in the future.    You will also notice of the 19 sold, 13 of them went back to the bank.   These homes will now become bank owned homes or (REO) inventory.   The bank usually will then evict the current owner or tenant and then put the properties up for sale with a local Real Estate company.   To search current Bank Owned Homes for sale in Oceanside or all of San Diego County click here.

Of the properties that sold to 3rd party investors here is what we find:

Sold to 3rd Party Investorts

(Opening Bid)                                                         (Sale Price)

190,900                                                                    217,100

711,000                                                                    711,000.01

182,700                                                                    191,600

207,000                                                                    207,000.01

163,400                                                                    180,200

86,800                                                                        90,400

As you can see from above, of the properties the banks took to auction and sold to 3rd party investors, they are taking a pretty large discount from what they are owed.   However, as we can see from the numbers, the majority are still being delayed until some date in the future.   Banks will delay properties for multiple reasons as many times they are working something out with the current owner, entertaining short sale offers, or just delaying it for their own internal reasons.   However, you can clearly see the bottleneck of properties that are being delayed.   Many times we find that the properties that go back to the lenders become great investment opportunities as well for a myriad of reasons.   To find out more about and search bank owned homes for sale in Oceanside click here.

What about short sales?   Banks dealing with short sale situations are now being incentivised through government programs to sell through the short sale process rather than taking them through foreclosure.   This is helping make short sales a great option for both home buyers and investors now as well.

As I mentioned above, we attend the foreclosure auctions on a weekly basis.  If you have questions about them, please feel free to call or email and I will give you an overview of how the process works to find out if its right for you.   There can be great benefits of buying at these auctions, but it's not right for everyone.  Sometimes a Bank Owned Home, a Resale, or Short sale can be a better fit for you and still a great buy!

From our website you can search all Pre-Foreclosure, Short sale, Foreclosure, Resale, and Bank Owned Listings for free!   You can also sign up for our Property Watch Service which will automatically keep you updated of any new listings that fit your guidelines 24 hours a day!   All this is free to you, all we ask is the opportunity to be of service to you or someone you know in the future!  

I look forward to hearing from you soon!