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COLDWELL BANKER - Campbell Realtors

 
   

 

 

   

Huntington Beach & Orange County -  Distressed Homes For Sale: Homes In Foreclosure, Bank Owned Homes, Probate Sales, Short Sales, Relocation Sales, Fixer-Uppers, and Home Auctions.


Are you interested in learning more about purchasing Huntington Beach & other Orange County area homes which are In Foreclosure or Bank Owned?  


If so, you have found the right web site because here you can actually find lists of these properties which are FOR SALE and AVAILABLE for purchase TODAY!  


The lists of properties For Sale are updated hourly by the Realtor MLS!

  
You will also find information about other distressed sales such as:  Probate, Short Sales, Relocations, Auctions, and more!


Lets start with some facts, then you can follow the links to the property lists… when you see a property on a list that you like, please contact us!

 


Homes in Foreclosure
When a property owner does not make their payments in California, the first step in the foreclosure process is the Notice of Default (NOD).  Once a NOD has been filed, the owner has approximately four months to negotiate with the lender, bring the payments current, or sell the property to avoid a TRUSTEE'S SALE.  


If the property owner elects to sell the property, he/she will very often list with a Realtor to achieve a quick sale as close to market value as possible. 


Click Here for Information on Huntington Beach & Orange County Homes FOR SALE which are in Foreclosure that you can BUY TODAY!


If you are interested in seeing the inside of any of the properties on the list or if you would like to write up an offer, please contact us at 714-960-0700 or Scot.Campbell@ColdwellBanker.com.


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Bank Owned Homes - Also Know as Real Estate Owned (REOs)
If a property goes into default and ultimately to Trustee's Sale sometimes the loan balance exceeds the market value.  In these cases there will be no bidders and the lender will obtain title to the home by default via Trustee's Deed. 


With the increase in homes in foreclosure, it is inevitable that some will make it all the way through foreclosure and become Bank Owned.  (Banks and Realtors call these properties REOs - which stands for the Real Estate Owned category on the Bank's Financial Balance Sheet).  


In almost all cases Banks list their REO properties with Realtors to show auditors and regulators that the bank is exercising its fiduciary duty to protect stockholders
Click Here for a List of Bank Owned Homes in Huntington Beach and Orange County that you can BUY TODAY! 


Note: Bank owned homes sell quickly. We can give you the sales comparable information you need and the write up the forms necessary to place a bid.  If you are interested in any of these properties, please do not wait to place your written bid.  Contact us at 714-960-0700 or Scot.Campbell@ColdwellBanker.com


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Probate Sales
When a property owner passes away, it is sometimes necessary to dispose of the property owned by the estate using a statutory process known as "Probate".  
Probate Sales are As-Is, they are exempted from most disclosure requirements, and sometimes require court confirmation.  


Probate Sales are almost always listed with Realtors to show the judge and heirs that the executor exercised his fiduciary responsibility to the estate.  
Click Here for a list of Probate Homes in Huntington Beach and Orange County that you can BUY TODAY!  


Note: Probate Sales sometimes sell quickly. We can give you the sales comparable information you need and the write up the forms necessary to place a Probate Offer.  Contact us at 714-960-0700 or Scot.Campbell@ColdwellBanker.com 


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Short Sales
A "Short Sales" is where the existing loan balance on a home exceeds the market value of the property.  These properties are also known as "Pre-Foreclosure" sales as often the owner is trying to do a short sale to avoid foreclosure.  


When the owner of the property (seller) cooperates it is often possible to have the bank lower the mortgage balance to facilitate the sale of the property at a bargain price.


Click Here if you are a Homeowner interested in learning how to do a short sale.
Click Here for a list of Short Sale homes in Huntington Beach and Orange County that you can BUY TODAY!


We are experts in the Short Sale Process and 90% of the short sale listings we list are successfully closed.  When we represent Short Sale Buyers, we know the right questions to ask the Listing Agent to determine if a short sale is going to be successful. 


We do our best not to waste the time of our short sale buyer clients on properties which will never close.  If you are interested in any of these properties, please do not wait to place your written bid as many Short Sale properties are in foreclosure and time is of the essence.  Contact us at 714-960-0700 or Scot.Campbell@ColdwellBanker.com.


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Relocation Sales also known as RELOs
When an executive is transferred by a large corporation, sometimes the executive is offered a relocation package.  As a part of the relocation package, the executive's existing home is purchased by a relocation company (funded by the employer) so the executive can quickly purchase a new home in the new city of employment. 


The relocation company will obtain an ERC (Employee Relocation Council) Appraisal of the property.  The Appraisal will be used to set the buy-out price paid to the executive, and the goal of the relocation company is to sell the property for a price as close to the ERC Appraisal as possible.


The relocation company will hire a Realtor and manage the sale of the executive's old home minimizing the monetary cost to the executive's employer.  


Click Here for a list of Orange County RELO properties in the Realtor MLS.            


NOTE: The search will take up to THREE minutes, as we are filtering the entire OC MLS. 


If you are interested in seeing the inside of any of the properties on the list or if you would like to write up an offer, please contact us at 714-960-0700 or Scot.Campbell@ColdwellBanker.com


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Home Auctions
Occasionally some homeowners and builders elect to Auction their homes to bring about a very quick sale.  I have represented three winning bidders at home auctions in the last 18 months.  If you are interested in learning more about purchasing properties via auction, please email or Scot.Campbell@ColdwellBanker.com.


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Fixer-Uppers
Some properties are in such poor condition that they need substantial improvements before a family can move-in.  Such properties typically sell for a discount because many buyers are not willing or able to effect the necessary repairs.  Another issue is that the repairs cannot be financed in the purchase loan since the fix-up work cannot be completed until after close of escrow.  


These properties are often a good buying opportunity.  


Click Here for a list of Huntington Beach and Orange County Fixer-Upper properties in the Realtor MLS. 

 

 

Last update: 05/03/2008