Lompoc CA bank owned homes Archives

Lompoc Home For Sale $169,900

Come see this Lompoc Delight! This exceptional home features a large family room addition off the kitchen for a great room effect and feel. Indoor laundry,large fireplace and slider access to the backyard. Formal living room off the entry and an informal dining area directly off the spacious kitchen. This home hasthree bedrooms and two updated bathrooms. Needs a little polish to bring it back to its prime - but the potential is definitely there. Modern touches andupdates throughout.

Lompoc CA & Vandenberg Village CA Homes For Sale

Currently, there are 184 homes for sale in the Lompoc and Vandenberg Village CA areas. Of those 184 homes, 86 are short sales, and 37 are bank owned properties. So, 45% of the market is short saled and 20% of…

Buying Bank Owned Properties (REOs) in the Santa Maria/Orcutt and Lompoc/Vandenberg Village Foreclosure Market

October 7, 2008
Vandenberg AFB Homes
Foreclosure / Bank Owned (REO) Info, Lompoc / Vandenberg Village, Santa Maria

The Santa Maria and Lompoc real estate markets are currently dominated by foreclosure listings. Of the 663 active listings for homes/condos in the Santa Maria - Orcutt area, approximately 25% (165) are bank owned properties (REOs), and about 50% (339) were short sales. Similarly in the Lompoc - Vandenberg Village active market for homes and condos, there are 198 total listings, and 20% (39) were REOs and 40% (81) were short sales. This means that 75% of the active market in Santa Maria and 60% of the active market in Lompoc and its surrounding areas could be classified as either a foreclosure or a pre-foreclosure. Certain trends or practices are becoming fairly routine in this market.