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Neighborhood Beauties Available at Foreclosed Home Auctions

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Published: Thursday, April 30, 2009

Some buyers think all foreclosed homes sold at auction are located in rundown neighborhoods or require extensive rehabilitation. While some homes certainly need more work than others and foreclosures happen in neighborhoods representing all economic conditions, the truth is there are many foreclosed homes sold at auction that rival the finest traditional sale transactions in all the best neighborhoods. According to top auction house Real Estate Disposition Corporation, here are just a few of the currently listed home auctions among Southern California foreclosures:

  • 29104 Azara Street, Murrieta - located in the highly desired, master-planned Mapleton development in north Murrieta, this 3 bedroom, 2.5 bath beauty was built in 2004 and boasts 2,386 square feet. With a starting bid as low as $39,000, this Riverside County foreclosures dream is sure to sell.

  • 2535 Atchison Street, San Bernardino - a perfect example of California ranch architecture, this 4 bedroom, 2 bath home sits on nearly 1/4 acre of land in the beautifully maintained Rancho West neighborhood. This conveniently located San Bernardino County family home is being offered on a cash basis only, with a starting bid of just $500.

  • 13689 Mayflower Court, Victorville - growing families desiring a high desert lifestyle will appreciate this 3,157 square foot home on a 1/2 acre lot in Mountain View Acres, conveniently nestled between Highway 395 and Interstate 15. With 6 bedrooms and 4 bathrooms, this San Bernardino County bank home is perfect for large or extended families and is offered with a starting bid of $49,000.

  • 2001 Kilson Drive, Santa Ana - this charming 1940s bungalow is in great condition and sits on a corner lot just minutes from the heart of downtown. A beautiful example of mid-century architecture, this 2 bedroom, 1 bath home would be perfect for a young family starting out or empty nesters looking to downsize, capitalizing on the many Orange County foreclosures currently available.

The homes listed above are just a small sampling of the Southern California bank homes available at local real estate auctions. All located in high demand neighborhoods and offering great amenities at auction-low pricing, these homes highlight the terrific deals that can be found by buying your next home at a foreclosed home auction. By doing your homework and thoroughly inspecting the property, you too can find a great property at bargain pricing.

Other Recent Articles

Home Buyer Tax Credit Extended Until April, 2010

Category: Recent Articles

Published: Thursday, December 10, 2009

The federal tax credit has been extended to April, 2010, including an expanded benefit to existing home owners who sell their homes and then repurchase a new primary residence valued at $800,000 or less. This could be the perfect opportunity for buyers who wanted to cash in on home auction bargains but were fearful of lower resales on their existing homes.

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The Southern California foreclosures market may be shifting, with fewer homes entering foreclosure than in previous quarters. However there are still 57,000 existing foreclosures statewide that need to be sold, and lenders are looking at foreclosed home auctions as a major tool to sell large numbers of foreclosures in a short amount of time.

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Southern California foreclosures still account for the bulk of area homes sales and lenders are finding real estate auctions the fastest and most efficient method of clearing their books of REO properties. Buying a home at auction requires a little prep work, however and the experts at homeauctionexpo.com share their insight on how to find the best auction properties.

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About this Page: Some buyers think all foreclosed homes sold at auction are located in rundown neighborhoods or require extensive rehabilitation. To dispel that myth here’s a look at some recent Southern California foreclosures available at local real estate auctions.