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 4611 Winthrop Drive

Cape Cod style two story home at Brightwater, Huntington Beach’s premier coastal community. The Trails Plan 3, the largest of all models at the Trails with only twelve constructed, features a main floor chef’s kitchen with built in Viking stainless steel refrigerator & appliances, family room with fireplace, and a den which can be used as a reading room, or a formal dining room. The second floor features include an individual laundry room, another den area great for a kid’s play space, two be...$1,145,000

$1,145,000
3 Beds
3 Baths
2,073 SqFt
41 Days On Market

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

Huntington Beach 1319 Alabama Street

Charming single level home. Master suite on one side with 2 good sized rooms on the front side of home with full size bath. Home has been maintained well. The garage is behind the home accessed on small road that is backed by a greenbelt.$790,000

$790,000
3 Beds
2 Baths
1,236 SqFt
3 Days On Market

Huntington Beach 8462 Deepcliff Drive

Excellent opportunity in Huntington Beach. Nice location, towards the end of a on a cul-de-sac street. Bring your sweat equity to turn this pool home into your dream home.$700,000

$700,000
5 Beds
3 Baths
2,269 SqFt
160 Days On Market

Huntington Beach 6472 Yale Circle

Beautiful Single Level 4 bedrooms, 2 baths located at the end of a Cultisak near the shopping mall and the 405 frwy. This home features a 2 car garage, 4 additional parking spots outside the garage. Back yard is filled with different types of fruit trees. This property was built in 1962 and has original hardwood floors and several modern upgrades. Schools, Malls and the 405 Frw are all close by.$679,000

$679,000
4 Beds
2 Baths
1,274 SqFt
8 Days On Market

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