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!
My
expertise is in locating those motivated owners, and helping you
structure your offer in a win-win format which will result in an
acceptance and closed escrow. During the last slow real estate
market in Orange County 1989-1996, I sold hundreds of foreclosures,
bank owned homes, probate sales, short sales, and other distressed
properties. As these opportunities become more abundant again,
I can help people like you buy homes at a
discount.
Lets
start with some facts, then you can follow the links to the
property lists.
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
me at 714-960-0700 or Scot@campbellrealtors.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. I 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
me at 714-960-0700 or
Scot@campbellrealtors.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 typically sell quickly. I can give you the sales
comparable information you need and the write up the forms necessary
to place a Probate Offer Please do not wait to place your
written bid. Contact
me at 714-960-0700 or
Scot@campbellrealtors.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 for a list of Short Sale homes in Huntington Beach and
Orange County that you can BUY TODAY!
Please be aware that only 25 to 50%
of all short sales are approved by the Bank; therefore, completing
these purchases is not certain and can take months. Many of
our buyer clients have been very disappointed with the time required
to complete short sale purchases.
Note:
I can give you the sales comparable information you need and the
write up the forms necessary to place a bid... more importantly I
know how to interview the Listing Agent for the property to make
sure you are not wasting your time by placing a bid.
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
me at 714-960-0700 or
Scot@campbellrealtors.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
me at 714-960-0700.
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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 scot@campbellrealtors.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.
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