Huntington Beach Foreclosures Are On The Decline

Posted by Sam Smith on Friday, September 21st, 2012 at 3:57pm.

Huntington Beach foreclosures are on the decline as more and more sellers are electing to short sale their homes. The are a couple of reasons for this occurrence. First, the banks realize it's cheaper to work with the current owner of the home then let them house go into foreclosure. The foreclosure process can be a very long and drawn out process where the property is not taken care of. It's easier for banks to work with the current owner who is more likely to take care of the home during this process. The banks know that if they treat the short sale client with respect and help that someday this client may eventually buy a home through them again in the future.

Second, the banks are now offering huge incentives to sellers as much as $45,000 to short sale their home. It's money can be used to help with moving costs and to have off outstanding bills. For sellers, this is a much better win/win situation than letting the home slip into foreclosure. The short sale typically doesn't hurt the credit score as much as a foreclosure and in some cases can qualify to purchase a home in 2 years through an FHA or similar type loans. This is in contrast with a foreclosure that can ding your credit for up to 7 years. If you are thinking about short selling your home now has never been a better time. For Huntington Beach home buyers make sure to watch the short sale listings closely as these have replaced the large volume of distressed properties.

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Huntington Beach 16372 Ardsley Circle

WELCOME HOME! Spectacular resort style living at this waterfront property in Huntington Harbour. Enjoy being one of fourteen homes on Humboldt Island which has a private beach and 30ft Boat Dock. The property at 16372 Ardsley CIR , Huntington Beach 92649 has over 3,218 square feet, 4 bedrooms, 3.5 bathrooms, the large and open floor plan is ideal for entertaining. Large Master Suite Overlooking Water. Balconies Off All Bedrooms. Formal Living and Dining Rooms, Separate Family room, Side Court...$2,550,000

$2,550,000
4 Beds
4 Baths
3,218 SqFt
340 Days On Market

Huntington Beach 6586 Silent Harbor Drive

$2,200,000

$2,200,000
4 Beds
5 Baths
4,417 SqFt

Huntington Beach 16084 Bonaire Circle

3 Bed, 2 1/2 Bath Condominium has Plantation Shutters, Mirrored Walls, Family Rm, Sunken Liv Rm, Formal Din Rm, Upgraded Kitchen & Baths,large Master Bdrm W/cath Ceiling And Great Water View, Other Bedrooms Also Good Size, Oversized Waterfront Brick Patio W/slumpstone Fencing, 3rd Floor Attic Can Be 4th Bedrm Or Office(ask For Details) 2 Car Garage.$1,000,000

$1,000,000
3 Beds
3 Baths
1,826 SqFt
3 Days On Market

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