Archive for March, 2008
Chico CA REO Property Listings! Full list- Search here!
March 31st, 2008 Categories: Chico CA Foreclosure Listings, Chico CA Real Estate News
Chico CA Foreclosure Listings!
Welcome to the most comprehensive, up-to-date list of Chico CA foreclosure properties available for sale on the MLS.
Interested in buying a Chico foreclosure?
Please be forewarned that purchasing a foreclosure or short sale property is quite a bit different than purchasing an average real estate listing.
Everything from the marketing, negotiating, forms, disclosures, and escrow process varies significantly from what most buyers and real estate agents are accustomed to. It is imperative that you, as a buyer, are represented by a foreclosure specialist who understands the complexities of the transaction so that you are adequately protected! Look for a Chico real estate professional that regularly lists and sells foreclosure properties.
Updated: 03/31/2008
Chico (and surrounding areas) Foreclosure Properties Coming Soon!
Want the inside scoop on foreclosure properties not yet listed? The following are scheduled for marketing within the next 30 days:
174 Artesia, Chico
852 Lindo Lane, Chico
475 Sacramento, Hamilton City
254 E 15th Street, Chico
2136 Rosedale, Oroville
762 1st Avenue, Chico
CHICO FORECLOSURES
1412 N CHERRY STREET Condos $114,900 2bed 1 bath, 864 sqft, built 1982 (Pending)
2200 NOTRE DAME BLVD Condos $119,900 2 bed 1 bath, 864 sqft, built 1981
269 W Rio Bonito, Biggs SFD $138,000 3 bed, 1.5 bath, 1222 sqft, built 1970 (Pending)
2159 SHOSHONEE AVE SFD $174,500 3 bed 2 bath, 1336 sqft, built 1988
2752 KEITH HOPKINS PL SFD, $179,900 3 bed 2 bath, 1221 sqft, built 1997
1527 B Street, Chico SFD $179,900 3 bed 2 bath, 1108 sqft, built 1989
569 WHITE AVE SFD $194,000 3 bed 1 bath, 989 sqft, built 1959
946 EATON RD SFD $194,900 3 bed 2 bath, 1167 sqft, built 1973 (Pending)
2099 HARTFORD DR SFD $199,900 3 bed 2 bath, 1382 sqft, built 2005
87 KEY WEST LOOP SFD $219,000 3 bed 2 bath, 1126 sqft, built 2006 (Pending)
709 POMONA AVE Duplex ($219,900) 2 bed 1 bath, 1436 sqft, built 1948
8 SUN CIRCLE CT SFD $219,900 3 bed 2 bath, 1160 sqft, built 1986
1276 CALLA LN SFD $227,424 4 bed 1.5 bath, 1746 sqft, built 1963 (Pending)
1081 REY CIR SFD $232,900 4 bed 1.75 bath, 1414 sqft, built 1972 (Pending)
15 GLENSHIRE LN SFD $235,900 4 bed, 1.5 bath, 1305 sqft, built in 1987
747 WATERFORD DR SFD $237,450 3 bed 2 bath, 1374 sqft, built 1980
23 GLENSHIRE LN SFD $239,000 4bed 1.5 bath, 1305 sqft, built 1987 (Pending)
1482 DAYTON RD SFD 2 bed 1 bath, 1001 sqft, built 1990 $249,500
713 WAYNE LN SFD $265,500 4 bed 2 bath, 1525 sqft, built 1956
3106 GRAPE WAY SFD $268,090 3 bed 2 bath, 1820 sqft, built 1935
4330 KEITH LN SFD $269,000 3 bed 1.5 bath, 1392 sqft, built 1976 (Pending)
100 BENSON TERR SFD $279,900 3 be, 2 1/2 bath, 1967 sqft, built 2004
1260 RAVENSHOE WAY SFD $287,000 4 bed 2.5 bath, 1532 sqft, built 1997 (Pending)
2 WINDMILL CT SFD $289,000 3 bed 2 bath, 1573 sqft, built 1980 (Pending)
2631 SAN JOSE ST SFD $289,900 4 bed 3 bath, 2135 sqft, built 1960
25 BUNKER CT SFD $299,900 3 bed 2 bath, 1801 sqft, built 2003 (Pending)
13200 HAMILTON NORD SFD $325,000 3 bed 2 bath, 1888 sqft, built 1976
1134 11TH AVENUE SFD $335,300 3 bed 2 bath, 1853 sqft, built in 2004
305 MESA VERDE COURT SFD $347,624 4 bed 3 bath, 2325 sqft, built 2005 (Pending)
832 JACOBS CT SFD $359,900 3 bed 2 bath, 1760 sqft, built 1999
3006 TOP HAND CT SFD $379,900 3 bed 2.5 bath, 2336 sqft, built 1980
2721 ESCALLONIA WY SFD $439,000 4 bed 3 bath, 2435 sqft, built 2001
454 BROOKSIDE DRIVE SFD $498,000 3 bed 3 bath, 2811 sqft, built 1993
3517 SHADOWTREE LN SFD $549,000 3 bed 3 bath, 3240 sqft, built 2004
10696 PLAYER LN SFD $649,900 3 bed 3 bath, 3342 sqft, built 2005 (Pending)
2766 ALAMO AVE SFD $695,000 4 bed 3 bath, 3600 sqft, built 1996
LOS MOLINOS FORECLOSURES
24890 KELLIE WAY SFD $199,900 3 bed 2 bath, 1252 sqft, built 1968
MAGALIA FORECLOSURES
13996 JARVIS CIR MFD $89,000 3 bed 2 bath, 1536 sqft, built 1976
13721 ENDICOT CIR MFD $129,500 2 beds 2 baths, 1616 sqft, built 1979
14549 CARNEGIE RD SFD $159,000 3 beds 2 baths, 1486 sqft, built 1992
14569 ASHEVILLE DR SFD $169,900 2 bed 2.25 bath, 1738 sqft, built 1981 (Pending)
13980 CASCADE DR SFD $172,500 3 bed 1.75 bath, 1080 sqft, built 1980
13695 ANDOVER DR SFD $178,900 3 bed 1 bath, 1564 sqft, built 1982
6560 HURON CT SFD $209,900 2 bed 2 bath, 1260 sqft, built 1980
14560 CARNEGIE RD SFD $212,900 2 bed 2 bath, 1751 sqft, built 1979
14569 ASHEVILLE DR SFD $219,900 2 bed 2.25 bath, 1738 sqft, built 1981
15220 SKYWAY SFD $225,000 3 bed 2 bath, 1696 sqft, built 1979
14658 BRIDGEPORT CIR SFD $261,250 3 bed 2 bath, 1903 sqft, built 2005
ORLAND FORECLOSURES
801 PECAN ST SFD $145,000, 3 bed 1.5 bath, 1080 sqft, built 1986
1311 FAIRVIEW ST SFD $145,500 3 bed 1 bath, 1000 sqft, built 1993
802 DATE ST SFD $149,900 3 bed 2 bath, 1080 sqft, 1988
803 PECAN CIR SFD $152,900 3 bed 2 bath, 1080 sqft, built 1986
1309 FAIRVIEW ST SFD $169,000 3 bed 1.5 bath, 1080 sqft, built 1993
802 DATE ST SFD $169,900 3 bed 2 bath, 1080 sqft, built 1988
611 WOODWARD AVE SFD $190,000 3 bed 2 bath, 1402 sqft, built 1948 (Pending)
778 JACQUELYN DRIVE SFD $249,900 3 bed 2.5 bath, 1773 sqft, built 2006
120 THIRD STREET SFD $259,000 3 bed 2 bath, 2063 sqft, built 2005
6202 CO RD 15 SFD $299,900 3 bed 2.5 bath, 2300 sqft, built 1977 (Pending)
OROVILLE FORECLOSURES
2364 A STREET SFD $69,900 2 bed 1 bath, 864 sqft, built 1935 (Pending)
881 POMONA Ave SFD $78,900 2 bed 1 bath, 988 sqft, built 1921 (Pending)
2985 ELGIN ST SFD $78,500 1 bed 1 bath, 444 sqft, built 1964
2765 ORO BANGOR HWY SFD $84,900 3bed, 1bath, 1008 sqft, built in 1987
292 APACHE CIR SFD $91,080 2 bed 2 bath, 1440 sqft, built 1976
29 ROSITA WAY SFD $98,000 3 bed 1 bath, 960 sqft, built 1963 (Pending)
2151 OROVILLE BANGOR Duplex! $99,900 built 1954
1080 TEHAMA AVE SFD $104,900 1 bed 1 bath, 912 sqft, built 1949
118 NELSON AVE SFD $109,990 3 bed 2 bath, 1552 sqft, built1965
2126 GRAY ST SFD $120,900 3 bed 2 bath, 1080 sqft, built 1992
3451 ORO BANGOR HWY SFD $134,900 3 bed 1 bath, 1266 sqft, built 1950
1020 BUTTE AVE SFD $139,900 2 bed 1 bath, 1030 sqft, built 1959
1604 SWEEM ST SFD $149,000 4 bed 2 bath, 1597 sqft, built 1960
1687 LETA LN SFD $152,600 2 bed 2 bath, 1038 sqft, built 1978
220 CANYON DR SFD $149,900 4 bed 2 bath, 1894 sqft, built 1954
853 HARLAN AVE SFD $159,900 3 bed 1 bath, 1088 sqft, built 1951
3081 ORANGE AVE SFD $161,000 3 bed 2 bath, 1443 sqft, built in 1954
1445 7TH AVENUE SFD $173,000 2 bed 1 bath, 1228 sqft, built 1925
11 GLEN CIR SFD $178,900 3 bed 2 bath, 1936 sqft, built 1963
18 WESTWOOD WAY SFD $179,900 3 bed 2 bath, 1152 Sqft, built 1979
37 SELF LN SFD $184,000 2 bed 1 bath, 1240 sqft, built 1982 (Pending)
21 LA CRESENTA DR $189,900 3 bed 2 bath, 1338 sqft, built 1951
3131 TRES VIAS RD $199,900 3 bed 2 bath, 1787 sqft, built 1968
105 ANTLER DRIVE $221,900 4 bed 2 bath, 1687 sqft, built 2005 (Pending)
17 LA FORET DR SFD $259,900 3bed 3 bath, 2344 sqft, built 1983
3615 HILDALE AVE SFD $277,200 3 bed 2 bath, 1778 sqft, built 1961
2680 HWY 70 SFD $339,900 2 bed 2 bath, 1836 sqft, built 1981
PARADISE FORECLOSURES
6221 CLARK RD SFD $99,900 1 bed 1bath, 1182 sqft, built 1955 (Pending)
1835 DRENDEL CIR SFD $114,900 4 bed 1 bath (Pending)
6338 DIAMOND AVE SFD $129,900 2 bed 1 bath, 1147 sqft, built 1949 (Pending)
1537 SYLVAN WAY SFD $130,000 2 bed 1 bath, 1056 sqft, built 1954 (Pending)
5371 SAWMILL RD SFD $139,000 2bed 1 bath, 1014 sqft, built 1950 (Pending)
5757 HOLLY LN SFD $139,900 1bed 1 bath + den, 1080 sqft, built 1948
6340 TABERNACLE LN SFD $139,900 2 bed 2 bath, 1058 sqft, built 1949 (Pending)
5571 KEITH LN SFD $144,900 2 bed 1 bath, 904 sqft, built 1940
6399 LUCKY JOHN RD SFD $144,900 2 bed 1 bath, 1065 sqft, built 1948 (Pending)
463 VALLEY VIEW DR SFD $138,000 2 bed 2 bath, 1020 sqft, built 1947 (Pending)
1115 NUNNELEY SFD $150,900 3 bed 2 bath, 1626 sqft, built 1950
1462 ELLIOTT RD SFD $158,900 2 bed 1 bath, 1064 sqft, built 1954 (Pending)
1481 MAGGIES LN SFD $159,900 2 bed 1.5 bath, 996 sqft, built 1980
6893 LUNAR LN SFD $169,900 2 bed 1.5 bath, 988 sqft, built 1970
6104 OLIVER RD SFD $169,900 2 bed 1 bath, 1054 sqft, built 1950 (Pending)
1363 PEARSON RD SFD $177,900 3 bed 1 bath, 1056 sqft, built 1988 (Pending)
5575 SIERRA PARK DR SFD $190,000 3 bed 2 bath, 1420 sqft, built 1948
5811 PERRY MASON LN SFD $195,000 2 bed 1.5 bath, 1799 sqft, built 1956
490 WILLS LN SFD $199,900 3 bed 2 bath, 1505 sqft, built 1976 (Pending)
5892 COPELAND RD SFD $225,000 3bed 2 bath, 1715 sqft, built 1966
1658 JARAMILLO SFD $239,000 2 bed 2 bath, 1530 sqft, built 2006
1752 WHITAKER RD SFD $239,900 3 bed 1.5 bath, 1435 sqft, built 1962 (Pending)
1635 ALEXIS LN SFD $262,000 6bed 3 bath, 2977 sqft, built 1981
6165 SAWMILL RD SFD $269,900 4 bed 2 1/2 bath, 1936 sqft, built 1979
1246 ELLIOTT RD SFD $345,000 4 bed 3 bath, 2236 sqft, built 1960
3366 HAMLIN CANYON CT SFD $ 384,900 4 bed 3 bath, 2548 sqft built 1992 (Pending)
3591 SUNVIEW RD SFD $389,900 3 bed 2.5 bath, 2107 sqft, built 2002
WILLOWS FORECLOSURES
319 N SHASTA STREET SFD $85,000 2 bed 1 bath, 703 sqft, built 1950 (Pending)
1052 ELM ST SFD $121,900 2 bed 1 bath, 958 sqft, built 1970 (Pending)
651 GLENNWOOD LN SFD $125,000 3 bed 2 bath, 1354 sqft, built 1979 (Pending)
430 W ASH ST SFD $145,000 3 bed 1 bath, 1535 sqft, built 1910
833 W SYCAMORE ST SFD $149,500 3 bed 1 bath, 1100 sqft, built 1915
695 E WOOD ST SFD $145,000 3 bed 2 bath, 1200 sqft, built 1940 (Pending)
1271 E 9TH STREET SFD $168,500 2 bed 1 bath, 1296 sqft, built in 1943
612 GLENNWOOD LN SFD $174,900 3 bed 2 bath, 1100 sqft, built 1972
SOLD
3217 SHALLOW SPRINGS SFD $894,900 4/4, 4361 sqft, built 2005 (SOLD)
2675 ORO AVE $155,000 2 bed 1 bath, 1082 sqft, built 1949 (SOLD)
4135 KEEFER RD SFD $279,900 2 bed 1 bath, 1100 sqft, built 1978 (SOLD)
4771 V E AVE SFD $129,900 3 bed 1 bath, 1014 sqft, built 1964 (SOLD)
2 MARYDITH LN SFD $254,500 3 bed 2 bath, 1720 sqft, built 1969 (SOLD)
2759 CERES AVE SFD $184,900 3 bed 2 bath, 1039 sqft, built 1980 (SOLD)
2788 CEANOTHUS AVE SFD $259,900 (SOLD)
1186 E 1ST AVENUE Condos $135,700 (SOLD)
16 DELAWARE DR SFD $255,900 3 bed 2 bath, 1550 sqft, built 1991 (SOLD)
800 BUSCHMANN RD SFD $649,900 (SOLD)
975 LUPIN AVE SFD $289,000 (SOLD)
32 EL CERRITO DR SFD $230,000 (SOLD)
7 DONNA ST SFD $242,000 3 bed 2 bath, 1646 sqft, built 2005 (SOLD)
835 BLACK WALNUT WAY SFD $239,900 (SOLD)
2630 CEANOTHUS AVE SFD $264,900 (SOLD)
395 E 8TH STREET SFD $100,000 (SOLD)
2752 Rafael St SFD $205,000 (SOLD)
2733 CEANOTHUS AVE SFD $215,000 (SOLD)
6479 GREGORY LN SFD $269,900 (SOLD)
| Discussion: No Comments »
Which Chico Realtor Should You Hire to Sell Your Home?
March 30th, 2008 Categories: Chico CA Real Estate News, Chico Sellers
by Mike Wiegert
So life takes another turn and now it’s time to get down to the business of selling your Chico home. You’ve been told that you should interview three or more Chico Realtors to determine who is most suitable to accompany you on your journey. Your agent needs to be honest, knowledgeable, experienced, successful and above all, your advocate when dealing with a buyer.
Your deductive reasoning tells you that you want to interview one agent who has worked with someone you trust. Another inner voice tells you to call the largest company in town and get their top producer. Maybe a third option is that nice Mr. X down the street who waves every morning.
Now here come the Chico Realtors with their smiling faces, newly pressed business suits and freshly washed luxury cars. Oh gosh, they all seem so nice!
Realtor number one is impressive. He has really done his homework and presents you with all the competitive sales and listings in your neighborhood.. Although complimentary of your home, he spends the time to make you aware of some of your home’s weak points and areas that you could improve to get a maximum price for your home.
Realtor number two crosses the threshold in a blaze of glory. You are instantly made aware that she has been salesperson of the month for an infinite period of time and that no one knows real estate like she does. Your home will fit nicely into her stable of homes and it really reminds her of the house she just closed down the street. She rushes off to ninety more appointments that day and presses her glossy real estate card with all the discount offers on the back into your now trembling hand.
Softly a knock on the door is heard and upon opening you find Chico Realtor number three (and neighbor) enveloped in a warm and almost ethereal glow. Number three is not holding any competitive sales or listings, no fancy folders with glossy pictures of happy buyers and sellers, nothing at all. Just all smiles and warmth. Number three strongly disagrees with the market analysis of the first two. He knows this neighborhood. He lives here. Your home is better than everybody else’s. He can get you a lot more than the others. So now you are really excited! Realtor number three is soooooo nice, and he’s going to get you a lot more for your home, right?
Wrong!
Unfortunately, many sellers often choose the Chico Realtor or listing agent who suggests the highest list price, which is the worst mistake a seller can make.
In a market such as ours, the only opinion of value that matters is the buyer who makes an offer. Todays buyers know the market. They’ve researched the neighborhood and know what has sold and what hasn’t. Money is tight and they’re not about to part with theirs capriciously. They also know that if you don’t take their offer, some other motivated Seller will. Pricing a home is not an exact science but with proper knowledge of recent sales and competitive inventory these educated findings will put you close to the actual market value.
But now you’re caught in the trap. Number three has convinced you that he is the best Realtor for the job. What has just happened is called “he bought your listing”. Your agent makes a practice of preying on a common weakness, you love your home. You really believe that it IS superior to most homes in the neighborhood. I wish it was, but it isn’t. Your friendly Realtor will be calling you in the next 15-30 days complaining about poor market conditions and rising interest rates. He will beg you to lower the price.
Unfortunately, you will find yourself spending a lot more than the average market time to sell your “shopworn” home. More often than not you’ll get significantly less than the price you would have if you had priced it right the first time. Do you drive all over town looking for the highest priced meats and vegetables of the same quality? Real estate is not a whole lot different and the prudent Seller accepts this fact.
Next week, we’ll spend a few more “moments” looking at common mistakes Sellers can make.
| Discussion: 5 Comments »
Search here! Chico CA Foreclosures
March 24th, 2008 Categories: Chico CA Foreclosure Listings
Chico CA Foreclosures Listings!
Updated: 03/24/2008
Welcome to the most comprehensive, up-to-date list of Chico CA real estate foreclosure properties available for sale on the MLS.
Interested in buying a Chico foreclosure?
Please be forewarned that purchasing a foreclosure or short sale property is quite a bit different than purchasing an average real estate listing.
Everything from the marketing, negotiating, forms, disclosures, and escrow process varies significantly from what most buyers and real estate agents are accustomed to. It is imperative that you, as a buyer, are represented by a foreclosure specialist who understands the complexities of the transaction so that you are adequately protected! Look for a Chico real estate professional that regularly lists and sells foreclosure properties.
Chico (and surrounding areas) Foreclosure Properties Coming Soon!
Want the inside scoop on foreclosure properties not yet listed? The following are scheduled for marketing within the next 30 days:
852 Lindo Lane, Chico
475 Sacramento, Hamilton City
254 E 15th Street, Chico
2136 Rosedale, Oroville
762 1st Avenue, Chico
CHICO FORECLOSURES
1412 N CHERRY STREET Condos $114,900 2bed 1 bath, 864 sqft, built 1982 (Pending)
2200 NOTRE DAME BLVD Condos $119,900 2 bed 1 bath, 864 sqft, built 1981
269 W Rio Bonito, Biggs SFD $138,000 3 bed, 1.5 bath, 1222 sqft, built 1970
2159 SHOSHONEE AVE SFD $174,500 3 bed 2 bath, 1336 sqft, built 1988
1527 B Street, Chico SFD $179,900 3 bed 2 bath, 1108 sqft, built 1989 (contingent)
569 WHITE AVE SFD $194,000 3 bed 1 bath, 989 sqft, built 1959
946 EATON RD SFD $194,900 3 bed 2 bath, 1167 sqft, built 1973 (Pending)
2099 HARTFORD DR SFD $199,900 3 bed 2 bath, 1382 sqft, built 2005
87 KEY WEST LOOP SFD $219,000 3 bed 2 bath, 1126 sqft, built 2006 (Pending)
709 POMONA AVE Duplex ($219,900) 2 bed 1 bath, 1436 sqft, built 1948
8 SUN CIRCLE CT SFD $219,900 3 bed 2 bath, 1160 sqft, built 1986
1276 CALLA LN SFD $227,424 4 bed 1.5 bath, 1746 sqft, built 1963 (Pending)
1081 REY CIR SFD $232,900 4 bed 1.75 bath, 1414 sqft, built 1972 (Pending)
15 GLENSHIRE LN SFD $235,900 4 bed, 1.5 bath, 1305 sqft, built in 1987
747 WATERFORD DR SFD $237,450 3 bed 2 bath, 1374 sqft, built 1980
23 GLENSHIRE LN SFD $239,000 4bed 1.5 bath, 1305 sqft, built 1987 (Pending)
1482 DAYTON RD SFD 2 bed 1 bath, 1001 sqft, built 1990 $249,500
713 WAYNE LN SFD $265,500 4 bed 2 bath, 1525 sqft, built 1956
3106 GRAPE WAY SFD $268,090 3 bed 2 bath, 1820 sqft, built 1935
4330 KEITH LN SFD $269,000 3 bed 1.5 bath, 1392 sqft, built 1976 (Pending)
4135 KEEFER RD SFD $279,900 2 bed 1 bath, 1100 sqft, built 1978 (Pending)
1260 RAVENSHOE WAY SFD $287,000 4 bed 2.5 bath, 1532 sqft, built 1997 (Pending)
2 WINDMILL CT SFD $289,000 3 bed 2 bath, 1573 sqft, built 1980 (Pending)
2631 SAN JOSE ST SFD $289,900 4 bed 3 bath, 2135 sqft, built 1960
25 BUNKER CT SFD $299,900 3 bed 2 bath, 1801 sqft, built 2003 (Pending)
100 BENSON TERR SFD $299,900 3 be, 2 1/2 bath, 1967 sqft, built 2004
13200 HAMILTON NORD SFD $325,000 3 bed 2 bath, 1888 sqft, built 1976
1134 11TH AVENUE SFD $335,300 3 bed 2 bath, 1853 sqft, built in 2004
305 MESA VERDE COURT SFD $347,624 4 bed 3 bath, 2325 sqft, built 2005 (Pending)
832 JACOBS CT SFD $359,900 3 bed 2 bath, 1760 sqft, built 1999
3006 TOP HAND CT SFD $379,900 3 bed 2.5 bath, 2336 sqft, built 1980
2721 ESCALLONIA WY SFD $439,000 4 bed 3 bath, 2435 sqft, built 2001
454 BROOKSIDE DRIVE SFD $498,000 3 bed 3 bath, 2811 sqft, built 1993
10696 PLAYER LN SFD $649,900 3 bed 3 bath, 3342 sqft, built 2005 (Pending)
2766 ALAMO AVE SFD $695,000 4 bed 3 bath, 3600 sqft, built 1996
3217 SHALLOW SPRINGS SFD $894,900 4/4, 4361 sqft, built 2005 (Pending)
LOS MOLINOS FORECLOSURES
24890 KELLIE WAY SFD $199,900 3 bed 2 bath, 1252 sqft, built 1968
MAGALIA FORECLOSURES
13996 JARVIS CIR MFD $89,000 3 bed 2 bath, 1536 sqft, built 1976
13721 ENDICOT CIR MFD $129,500 2 beds 2 baths, 1616 sqft, built 1979
14549 CARNEGIE RD SFD $159,000 3 beds 2 baths, 1486 sqft, built 1992
14569 ASHEVILLE DR SFD $169,900 2 bed 2.25 bath, 1738 sqft, built 1981 (Pending)
13980 CASCADE DR SFD $172,500 3 bed 1.75 bath, 1080 sqft, built 1980
13695 ANDOVER DR SFD $178,900 3 bed 1 bath, 1564 sqft, built 1982
6560 HURON CT SFD $209,900 2 bed 2 bath, 1260 sqft, built 1980
14560 CARNEGIE RD SFD $212,900 2 bed 2 bath, 1751 sqft, built 1979
14569 ASHEVILLE DR SFD $219,900 2 bed 2.25 bath, 1738 sqft, built 1981
15220 SKYWAY SFD $225,000 3 bed 2 bath, 1696 sqft, built 1979
14658 BRIDGEPORT CIR SFD $261,250 3 bed 2 bath, 1903 sqft, built 2005
ORLAND FORECLOSURES
801 PECAN ST SFD $145,000, 3 bed 1.5 bath, 1080 sqft, built 1986
1311 FAIRVIEW ST SFD $145,500 3 bed 1 bath, 1000 sqft, built 1993
802 DATE ST SFD $149,900 3 bed 2 bath, 1080 sqft, 1988
803 PECAN CIR SFD $152,900 3 bed 2 bath, 1080 sqft, built 1986
1309 FAIRVIEW ST SFD $169,000 3 bed 1.5 bath, 1080 sqft, built 1993
802 DATE ST SFD $169,900 3 bed 2 bath, 1080 sqft, built 1988
611 WOODWARD AVE SFD $190,000 3 bed 2 bath, 1402 sqft, built 1948 (Pending)
778 JACQUELYN DRIVE SFD $249,900 3 bed 2.5 bath, 1773 sqft, built 2006
120 THIRD STREET SFD $259,000 3 bed 2 bath, 2063 sqft, built 2005
6202 CO RD 15 SFD $299,900 3 bed 2.5 bath, 2300 sqft, built 1977 (Pending)
OROVILLE FORECLOSURES
2364 A STREET SFD $69,900 2 bed 1 bath, 864 sqft, built 1935 (Pending)
881 POMONA Ave SFD $78,900 2 bed 1 bath, 988 sqft, built 1921 (Pending)
2765 ORO BANGOR HWY SFD $84,900 3bed, 1bath, 1008 sqft, built in 1987
292 APACHE CIR SFD $91,080 2 bed 2 bath, 1440 sqft, built 1976
29 ROSITA WAY SFD $98,000 3 bed 1 bath, 960 sqft, built 1963
2151 OROVILLE BANGOR Duplex! $99,900 built 1954
1080 TEHAMA AVE SFD $104,900 1 bed 1 bath, 912 sqft, built 1949
118 NELSON AVE SFD $109,990 3 bed 2 bath, 1552 sqft, built1965
2126 GRAY ST SFD $120,900 3 bed 2 bath, 1080 sqft, built 1992
4771 V E AVE SFD $129,900 3 bed 1 bath, 1014 sqft, built 1964 (Pending)
3451 ORO BANGOR HWY SFD $134,900 3 bed 1 bath, 1266 sqft, built 1950
1020 BUTTE AVE SFD $139,900 2 bed 1 bath, 1030 sqft, built 1959
1604 SWEEM ST SFD $149,000 4 bed 2 bath, 1597 sqft, built 1960
1687 LETA LN SFD $152,600 2 bed 2 bath, 1038 sqft, built 1978
220 CANYON DR SFD $149,900 4 bed 2 bath, 1894 sqft, built 1954
2675 ORO AVE $155,000 2 bed 1 bath, 1082 sqft, built 1949
853 HARLAN AVE SFD $159,900 3 bed 1 bath, 1088 sqft, built 1951
3081 ORANGE AVE SFD $161,000 3 bed 2 bath, 1443 sqft, built in 1954
1445 7TH AVENUE SFD $173,000 2 bed 1 bath, 1228 sqft, built 1925
11 GLEN CIR SFD $178,900 3 bed 2 bath, 1936 sqft, built 1963
18 WESTWOOD WAY SFD $179,900 3 bed 2 bath, 1152 Sqft, built 1979
37 SELF LN SFD $184,000 2 bed 1 bath, 1240 sqft, built 1982 (Pending)
21 LA CRESENTA DR $189,900 3 bed 2 bath, 1338 sqft, built 1951
3131 TRES VIAS RD $199,900 3 bed 2 bath, 1787 sqft, built 1968
105 ANTLER DRIVE $221,900 4 bed 2 bath, 1687 sqft, built 2005 (Pending)
17 LA FORET DR SFD $259,900 3bed 3 bath, 2344 sqft, built 1983
3615 HILDALE AVE SFD $277,200 3 bed 2 bath, 1778 sqft, built 1961
2680 HWY 70 SFD $339,900 2 bed 2 bath, 1836 sqft, built 1981
PARADISE FORECLOSURES
6221 CLARK RD SFD $99,900 1 bed 1bath, 1182 sqft, built 1955
1835 DRENDEL CIR SFD $114,900 4 bed 1 bath (Pending)
6338 DIAMOND AVE SFD $129,900 2 bed 1 bath, 1147 sqft, built 1949 (Pending)
1537 SYLVAN WAY SFD $130,000 2 bed 1 bath, 1056 sqft, built 1954 (Pending)
5371 SAWMILL RD SFD $139,000 2bed 1 bath, 1014 sqft, built 1950 (Pending)
5757 HOLLY LN SFD $139,900 1bed 1 bath + den, 1080 sqft, built 1948
6340 TABERNACLE LN SFD $139,900 2 bed 2 bath, 1058 sqft, built 1949 (Pending)
5571 KEITH LN SFD $144,900 2 bed 1 bath, 904 sqft, built 1940
6399 LUCKY JOHN RD SFD $144,900 2 bed 1 bath, 1065 sqft, built 1948 (Pending)
463 VALLEY VIEW DR SFD $138,000 2 bed 2 bath, 1020 sqft, built 1947 (Pending)
1115 NUNNELEY SFD $150,900 3 bed 2 bath, 1626 sqft, built 1950
1462 ELLIOTT RD SFD $158,900 2 bed 1 bath, 1064 sqft, built 1954 (Pending)
1481 MAGGIES LN SFD $159,900 2 bed 1.5 bath, 996 sqft, built 1980
6893 LUNAR LN SFD $169,900 2 bed 1.5 bath, 988 sqft, built 1970
6104 OLIVER RD SFD $169,900 2 bed 1 bath, 1054 sqft, built 1950 (Pending)
1363 PEARSON RD SFD $177,900 3 bed 1 bath, 1056 sqft, built 1988 (Pending)
5575 SIERRA PARK DR SFD $190,000 3 bed 2 bath, 1420 sqft, built 1948
5811 PERRY MASON LN SFD $195,000 2 bed 1.5 bath, 1799 sqft, built 1956
490 WILLS LN SFD $199,900 3 bed 2 bath, 1505 sqft, built 1976 (Pending)
5892 COPELAND RD SFD $225,000 3bed 2 bath, 1715 sqft, built 1966
1658 JARAMILLO SFD $239,000 2 bed 2 bath, 1530 sqft, built 2006
1635 ALEXIS LN SFD $262,000 6bed 3 bath, 2977 sqft, built 1981
6479 GREGORY LN SFD $269,900 4 bed 2 bath, 2088 sqft, built 1985 (Pending)
6165 SAWMILL RD SFD $269,900 4 bed 2 1/2 bath, 1936 sqft, built 1979
1246 ELLIOTT RD SFD $345,000 4 bed 3 bath, 2236 sqft, built 1960
3366 HAMLIN CANYON CT SFD $ 384,900 4 bed 3 bath, 2548 sqft built 1992
3591 SUNVIEW RD SFD $389,900 3 bed 2.5 bath, 2107 sqft, built 2002
WILLOWS FORECLOSURES
319 N SHASTA STREET SFD $85,000 2 bed 1 bath, 703 sqft, built 1950 (Pending)
1052 ELM ST SFD $121,900 2 bed 1 bath, 958 sqft, built 1970
651 GLENNWOOD LN SFD $125,000 3 bed 2 bath, 1354 sqft, built 1979 (Pending)
430 W ASH ST SFD $145,000 3 bed 1 bath, 1535 sqft, built 1910
833 W SYCAMORE ST SFD $149,500 3 bed 1 bath, 1100 sqft, built 1915
695 E WOOD ST SFD $145,000 3 bed 2 bath, 1200 sqft, built 1940 (Pending)
1271 E 9TH STREET SFD $168,500 2 bed 1 bath, 1296 sqft, built in 1943
612 GLENNWOOD LN SFD $174,900 3 bed 2 bath, 1100 sqft, built 1972
SOLD
2 MARYDITH LN SFD $254,500 3 bed 2 bath, 1720 sqft, built 1969 (SOLD)
2759 CERES AVE SFD $184,900 3 bed 2 bath, 1039 sqft, built 1980 (SOLD)
2788 CEANOTHUS AVE SFD $259,900 (SOLD)
1186 E 1ST AVENUE Condos $135,700 (SOLD)
16 DELAWARE DR SFD $255,900 3 bed 2 bath, 1550 sqft, built 1991 (SOLD)
800 BUSCHMANN RD SFD $649,900 (SOLD)
975 LUPIN AVE SFD $289,000 (SOLD)
32 EL CERRITO DR SFD $230,000 (SOLD)
7 DONNA ST SFD $242,000 3 bed 2 bath, 1646 sqft, built 2005 (SOLD)
835 BLACK WALNUT WAY SFD $239,900 (SOLD)
2630 CEANOTHUS AVE SFD $264,900 (SOLD)
395 E 8TH STREET SFD $100,000 (SOLD)
2752 Rafael St SFD $205,000 (SOLD)
2733 CEANOTHUS AVE SFD $215,000 (SOLD)
6479 GREGORY LN SFD $269,900 (SOLD)
MUST HAVE information:
Foreclosures: What you should know BEFORE you make an offer, Part 1
Foreclosures: What you should know BEFORE you make an offer, Part 2
Foreclosures: What you should know BEFORE you make an offer, Part 3
Chico, California Foreclosures and West Nile Virus
Subscribe to: Chico CA Real Estate Blog and MLS Listings Search!
Looking to buy a Chico CA Foreclosure? Need a knowledgeable Chico Realtor to guide you? Call Sandi Bauman 530-864-5407 or email sandibauman@sbcglobal.net. I specialize in bank-owned properties!
| Discussion: No Comments »
Chico CA Foreclosure (Bank owned) Listings!
March 22nd, 2008 Categories: Chico CA Foreclosure Listings
Chico CA Foreclosure (Bank owned) Listings!
Welcome to the most comprehensive, up-to-date list of Chico CA foreclosure properties available for sale on the MLS.
Interested in buying a Chico foreclosure?
Please be forewarned that purchasing a foreclosure or short sale property is quite a bit different than purchasing an average real estate listing.
Everything from the marketing, negotiating, forms, disclosures, and escrow process varies significantly from what most buyers and real estate agents are accustomed to. It is imperative that you, as a buyer, are represented by a foreclosure specialist who understands the complexities of the transaction so that you are adequately protected! Look for a Chico real estate professional that regularly lists and sells foreclosure properties.
Updated: 03/22/2008
Chico (and surrounding areas) Foreclosure Properties Coming Soon!
Want the inside scoop on foreclosure properties not yet listed? The following are scheduled for marketing within the next 30 days:
852 Lindo Lane, Chico
475 Sacramento, Hamilton City
254 E 15th Street, Chico
2136 Rosedale, Oroville
762 1st Avenue, Chico
CHICO FORECLOSURES
1412 N CHERRY STREET Condos $114,900 2bed 1 bath, 864 sqft, built 1982Â (Pending)
2200 NOTRE DAME BLVD Condos $119,900 2 bed 1 bath, 864 sqft, built 1981
269 W Rio Bonito, Biggs SFD $138,000 3 bed, 1.5 bath, 1222 sqft, built 1970
2159 SHOSHONEE AVE SFD $174,500 3 bed 2 bath, 1336 sqft, built 1988
1527 B Street, Chico SFD $179,900 3 bed 2 bath, 1108 sqft, built 1989Â (contingent)
569 WHITE AVE SFD $194,000 3 bed 1 bath, 989 sqft, built 1959
946 EATON RD SFD $194,900 3 bed 2 bath, 1167 sqft, built 1973 (Pending)
2099 HARTFORD DR SFD $199,900 3 bed 2 bath, 1382 sqft, built 2005
87 KEY WEST LOOP SFD $219,000 3 bed 2 bath, 1126 sqft, built 2006 (Pending)
709 POMONA AVE Duplex ($219,900) 2 bed 1 bath, 1436 sqft, built 1948
8 SUN CIRCLE CT SFD $219,900 3 bed 2 bath, 1160 sqft, built 1986
1276 CALLA LN SFD $227,424 4 bed 1.5 bath, 1746 sqft, built 1963 (Pending)
1081 REY CIR SFD $232,900 4 bed 1.75 bath, 1414 sqft, built 1972 (Pending)
15 GLENSHIRE LN SFD $235,900 4 bed, 1.5 bath, 1305 sqft, built in 1987
747 WATERFORD DR SFD $237,450 3 bed 2 bath, 1374 sqft, built 1980
23 GLENSHIRE LN SFD $239,000 4bed 1.5 bath, 1305 sqft, built 1987 (Pending)
1482 DAYTON RD SFD 2 bed 1 bath, 1001 sqft, built 1990 $249,500
713 WAYNE LN SFD $265,500 4 bed 2 bath, 1525 sqft, built 1956
3106 GRAPE WAY SFD $268,090 3 bed 2 bath, 1820 sqft, built 1935
4330 KEITH LN SFD $269,000 3 bed 1.5 bath, 1392 sqft, built 1976 (Pending)
4135 KEEFER RD SFD $279,900 2 bed 1 bath, 1100 sqft, built 1978 (Pending)
1260 RAVENSHOE WAY SFD $287,000 4 bed 2.5 bath, 1532 sqft, built 1997 (Pending)
2 WINDMILL CT SFD $289,000 3 bed 2 bath, 1573 sqft, built 1980 (Pending)
2631 SAN JOSE ST SFD $289,900 4 bed 3 bath, 2135 sqft, built 1960
25 BUNKER CT SFD $299,900 3 bed 2 bath, 1801 sqft, built 2003 (Pending)
100 BENSON TERR SFD $299,900 3 be, 2 1/2 bath, 1967 sqft, built 2004
13200 HAMILTON NORD SFD $325,000 3 bed 2 bath, 1888 sqft, built 1976
1134 11TH AVENUE SFD $335,300 3 bed 2 bath, 1853 sqft, built in 2004
305 MESA VERDE COURT SFD $347,624 4 bed 3 bath, 2325 sqft, built 2005 (Pending)
832 JACOBS CT SFD $359,900 3 bed 2 bath, 1760 sqft, built 1999
3006 TOP HAND CT SFD $379,900 3 bed 2.5 bath, 2336 sqft, built 1980
2721 ESCALLONIA WY SFD $439,000 4 bed 3 bath, 2435 sqft, built 2001
454 BROOKSIDE DRIVE SFD $498,000 3 bed 3 bath, 2811 sqft, built 1993
10696 PLAYER LN SFD $649,900 3 bed 3 bath, 3342 sqft, built 2005 (Pending)
2766 ALAMO AVE SFD $695,000 4 bed 3 bath, 3600 sqft, built 1996
3217 SHALLOW SPRINGS SFD $894,900 4/4, 4361 sqft, built 2005 (Pending)
LOS MOLINOS FORECLOSURES
24890 KELLIE WAY SFD $199,900 3 bed 2 bath, 1252 sqft, built 1968
MAGALIA FORECLOSURES
13996 JARVIS CIR MFD $89,000 3 bed 2 bath, 1536 sqft, built 1976
13721 ENDICOT CIR MFD $129,500 2 beds 2 baths, 1616 sqft, built 1979
14549 CARNEGIE RD SFD $159,000 3 beds 2 baths, 1486 sqft, built 1992
14569 ASHEVILLE DR SFD $169,900 2 bed 2.25 bath, 1738 sqft, built 1981 (Pending)
13980 CASCADE DR SFD $172,500 3 bed 1.75 bath, 1080 sqft, built 1980
13695 ANDOVER DR SFD $178,900 3 bed 1 bath, 1564 sqft, built 1982
6560 HURON CT SFD $209,900 2 bed 2 bath, 1260 sqft, built 1980
14560 CARNEGIE RD SFD $212,900 2 bed 2 bath, 1751 sqft, built 1979
14569 ASHEVILLE DR SFD $219,900 2 bed 2.25 bath, 1738 sqft, built 1981
15220 SKYWAY SFD $225,000 3 bed 2 bath, 1696 sqft, built 1979
14658 BRIDGEPORT CIR SFD $261,250 3 bed 2 bath, 1903 sqft, built 2005
ORLAND FORECLOSURES
801 PECAN ST SFD $145,000, 3 bed 1.5 bath, 1080 sqft, built 1986
1311 FAIRVIEW ST SFD $145,500 3 bed 1 bath, 1000 sqft, built 1993
802 DATE ST SFD $149,900 3 bed 2 bath, 1080 sqft, 1988
803 PECAN CIR SFD $152,900 3 bed 2 bath, 1080 sqft, built 1986
1309 FAIRVIEW ST SFD $169,000 3 bed 1.5 bath, 1080 sqft, built 1993
802 DATE ST SFD $169,900 3 bed 2 bath, 1080 sqft, built 1988
611 WOODWARD AVE SFD $190,000 3 bed 2 bath, 1402 sqft, built 1948Â (Pending)
778 JACQUELYN DRIVE SFD $249,900 3 bed 2.5 bath, 1773 sqft, built 2006
120 THIRD STREET SFD $259,000 3 bed 2 bath, 2063 sqft, built 2005
6202 CO RD 15 SFD $299,900 3 bed 2.5 bath, 2300 sqft, built 1977 (Pending)
OROVILLE FORECLOSURES
2364 A STREET SFD $69,900 2 bed 1 bath, 864 sqft, built 1935 (Pending)
881 POMONA Ave SFD $78,900 2 bed 1 bath, 988 sqft, built 1921 (Pending)
2765 ORO BANGOR HWY SFD $84,900 3bed, 1bath, 1008 sqft, built in 1987
292 APACHE CIR SFD $91,080 2 bed 2 bath, 1440 sqft, built 1976
29 ROSITA WAY SFD $98,000 3 bed 1 bath, 960 sqft, built 1963
2151 OROVILLE BANGOR Duplex! $99,900 built 1954
1080 TEHAMA AVE SFD $104,900 1 bed 1 bath, 912 sqft, built 1949
118 NELSON AVE SFD $109,990 3 bed 2 bath, 1552 sqft, built1965
2126 GRAY ST SFD $120,900 3 bed 2 bath, 1080 sqft, built 1992
4771 V E AVE SFD $129,900 3 bed 1 bath, 1014 sqft, built 1964 (Pending)
3451 ORO BANGOR HWY SFD $134,900 3 bed 1 bath, 1266 sqft, built 1950
1020 BUTTE AVE SFD $139,900 2 bed 1 bath, 1030 sqft, built 1959
1604 SWEEM ST SFD $149,000 4 bed 2 bath, 1597 sqft, built 1960
1687 LETA LN SFD $152,600 2 bed 2 bath, 1038 sqft, built 1978
220 CANYON DR SFD $149,900 4 bed 2 bath, 1894 sqft, built 1954
2675 ORO AVE $155,000 2 bed 1 bath, 1082 sqft, built 1949
853 HARLAN AVE SFD $159,900 3 bed 1 bath, 1088 sqft, built 1951
3081 ORANGE AVE SFD $161,000 3 bed 2 bath, 1443 sqft, built in 1954
1445 7TH AVENUE SFD $173,000 2 bed 1 bath, 1228 sqft, built 1925
11 GLEN CIR SFD $178,900 3 bed 2 bath, 1936 sqft, built 1963
18 WESTWOOD WAY SFD $179,900 3 bed 2 bath, 1152 Sqft, built 1979
37 SELF LN SFD $184,000 2 bed 1 bath, 1240 sqft, built 1982 (Pending)
21 LA CRESENTA DR $189,900 3 bed 2 bath, 1338 sqft, built 1951
3131 TRES VIAS RD $199,900 3 bed 2 bath, 1787 sqft, built 1968
105 ANTLER DRIVE $221,900 4 bed 2 bath, 1687 sqft, built 2005 (Pending)
17 LA FORET DR SFD $259,900 3bed 3 bath, 2344 sqft, built 1983
3615 HILDALE AVE SFD $277,200 3 bed 2 bath, 1778 sqft, built 1961
2680 HWY 70 SFD $339,900 2 bed 2 bath, 1836 sqft, built 1981
PARADISE FORECLOSURES
6221 CLARK RD SFD $99,900 1 bed 1bath, 1182 sqft, built 1955
1835 DRENDEL CIR SFD $114,900 4 bed 1 bath (Pending)
6338 DIAMOND AVE SFD $129,900 2 bed 1 bath, 1147 sqft, built 1949 (Pending)
1537 SYLVAN WAY SFD $130,000 2 bed 1 bath, 1056 sqft, built 1954 (Pending)
5371 SAWMILL RD SFD $139,000 2bed 1 bath, 1014 sqft, built 1950 (Pending)
5757 HOLLY LN SFD $139,900 1bed 1 bath + den, 1080 sqft, built 1948
6340 TABERNACLE LN SFD $139,900 2 bed 2 bath, 1058 sqft, built 1949 (Pending)
5571 KEITH LN SFD $144,900 2 bed 1 bath, 904 sqft, built 1940
6399 LUCKY JOHN RD SFD $144,900 2 bed 1 bath, 1065 sqft, built 1948 (Pending)
463 VALLEY VIEW DR SFD $138,000 2 bed 2 bath, 1020 sqft, built 1947
1115 NUNNELEY SFD $150,900 3 bed 2 bath, 1626 sqft, built 1950
1462 ELLIOTT RD SFD $158,900 2 bed 1 bath, 1064 sqft, built 1954 (Pending)
1481 MAGGIES LN SFD $159,900 2 bed 1.5 bath, 996 sqft, built 1980
6893 LUNAR LN SFD $169,900 2 bed 1.5 bath, 988 sqft, built 1970
6104 OLIVER RD SFD $169,900 2 bed 1 bath, 1054 sqft, built 1950 (Pending)
1363 PEARSON RD SFD $177,900 3 bed 1 bath, 1056 sqft, built 1988 (Pending)
5575 SIERRA PARK DR SFD $190,000 3 bed 2 bath, 1420 sqft, built 1948
5811 PERRY MASON LN SFD $195,000 2 bed 1.5 bath, 1799 sqft, built 1956
490 WILLS LN SFD $199,900 3 bed 2 bath, 1505 sqft, built 1976 (Pending)
5892 COPELAND RD SFD $225,000 3bed 2 bath, 1715 sqft, built 1966
1658 JARAMILLO SFD $239,000 2 bed 2 bath, 1530 sqft, built 2006
1635 ALEXIS LN SFD $262,000 6bed 3 bath, 2977 sqft, built 1981
6479 GREGORY LN SFD $269,900 4 bed 2 bath, 2088 sqft, built 1985 (Pending)
6165 SAWMILL RD SFD $269,900 4 bed 2 1/2 bath, 1936 sqft, built 1979
1246 ELLIOTT RD SFD $345,000 4 bed 3 bath, 2236 sqft, built 1960
3366 HAMLIN CANYON CT SFD $ 384,900 4 bed 3 bath, 2548 sqft built 1992
3591 SUNVIEW RD SFD $389,900 3 bed 2.5 bath, 2107 sqft, built 2002
WILLOWS FORECLOSURES
319 N SHASTA STREET SFD $85,000 2 bed 1 bath, 703 sqft, built 1950 (Pending)
1052 ELM ST SFD $121,900 2 bed 1 bath, 958 sqft, built 1970
651 GLENNWOOD LN SFD $125,000 3 bed 2 bath, 1354 sqft, built 1979 (Pending)
430 W ASH ST SFD $145,000 3 bed 1 bath, 1535 sqft, built 1910
833 W SYCAMORE ST SFD $149,500 3 bed 1 bath, 1100 sqft, built 1915
695 E WOOD ST SFD $145,000 3 bed 2 bath, 1200 sqft, built 1940 (Pending)
1271 E 9TH STREET SFD $168,500 2 bed 1 bath, 1296 sqft, built in 1943
612 GLENNWOOD LN SFD $174,900 3 bed 2 bath, 1100 sqft, built 1972
SOLD
2 MARYDITH LN SFD $254,500 3 bed 2 bath, 1720 sqft, built 1969 (SOLD)
2759 CERES AVE SFD $184,900 3 bed 2 bath, 1039 sqft, built 1980 (SOLD)
2788 CEANOTHUS AVE SFD $259,900 (SOLD)
1186 E 1ST AVENUE Condos $135,700 (SOLD)
16 DELAWARE DR SFD $255,900 3 bed 2 bath, 1550 sqft, built 1991 (SOLD)
800 BUSCHMANN RD SFD $649,900 (SOLD)
975 LUPIN AVE SFD $289,000 (SOLD)
32 EL CERRITO DR SFD $230,000 (SOLD)
7 DONNA ST SFD $242,000 3 bed 2 bath, 1646 sqft, built 2005 (SOLD)
835 BLACK WALNUT WAY SFD $239,900 (SOLD)
2630 CEANOTHUS AVE SFD $264,900 (SOLD)
395 E 8TH STREET SFD $100,000 (SOLD)
2752 Rafael St SFD $205,000 (SOLD)
2733 CEANOTHUS AVE SFD $215,000 (SOLD)
6479 GREGORY LN SFD $269,900 (SOLD)
MUST HAVE information:
Foreclosures: What you should know BEFORE you make an offer, Part 1
Foreclosures: What you should know BEFORE you make an offer, Part 2
Foreclosures: What you should know BEFORE you make an offer, Part 3
Chico, California Foreclosures and West Nile Virus
Subscribe to: Chico CA Real Estate Blog and MLS Listings Search!
Looking to buy a Chico CA Foreclosure? Need a knowledgeable Chico Realtor to guide you? Call Sandi Bauman 530-864-5407 or email sandibauman@sbcglobal.net. I specialize in bank-owned properties!
| Discussion: No Comments »
Chico CA Real Estate Market: Out of the Darkness
March 22nd, 2008 Categories: Chico CA Real Estate News
Out of the Darkness, by Mike Wiegert
I don’t think that anyone that follows Chico, statewide and national real estate news can deny that our Federal legislators are taking huge strides to contain the faltering real estate market conditions. Once again last week, our government stepped forward in an effort to help American homebuyers understand the complex and confusing terms of real estate mortgages, thereby enabling these homebuyers to more effectively shop for the most important investment of their lives.
Department of Housing and Urban Development (HUD) Secretary, Alphonso Jackson has announced a proposal that will reform the 30 year old Real Estate Settlement Procedures Act (RESPA), thereby improving disclosure of loan terms and closing costs borrowers pay when buying or refinancing their homes. The primary target is the standardizing of Good Faith Estimates provided by mortgage lenders. These estimates give consumers comprehensive costs associated with loan acquisition. By standardizing these estimates, borrowers can more easily shop and compare mortgages offered by a number of lenders. HUD’s economic analysis finds that by offering consumers clearer, more certain cost estimates, the average borrower will save nearly $700.
“A lot of the mortgage problems we see today are directly related to the fact that few people fully understand this process,” said Jackson. “Buying a home can be very intimidating. Consumers have had no assurance that the loan terms and closing costs they are offered will reflect what they confront at the settlement table, and that’s been one of the factors driving the current housing downturn. Our proposal fixes that. We owe it to the American homebuyer to give them the information they need to make smart choices.”
Brian Montgomery, HUD’s Assistant Secretary for Housing, added, “It’s not right that millions of consumers go to the settlement table without fully understanding the mountain of paperwork they’re asked to sign and, on top of that, expected to pay thousands of dollars in closing costs for services they’ve never heard of.”
“This new Good Faith Estimate will give families the tools they need to understand what they’re getting into before they sign on the dotted line.”
The proposed rule changes to RESPA, effectuates President Bush’s promise last August to replace existing mortgage rules with new ones that offer more clarity and prevent mortgage difficulties experienced in the past. Key elements of the newly proposed Good Faith Estimate include the interest rate and monthly payment and whether or not the interest rate can increase and by how much. Prepayment penalties and balloon payment (early payoff requirements) will also be disclosed.
The proposed Good Faith Estimate would categorize closing costs, prevent “junk fees” and prominently display total estimated settlement charges enabling the consumer to easily compare loan offers. HUD’s new regulations would specify and limit what charges can be modified up until the time of closing. In addition to Good Faith Estimate changes, HUD would also change and standarize estimated and final closing statements so that borrowers can more easily compare these closing statements to the Good Faith Estimate.
The RESPA changes to Good Faith Estimates cover a number of key costs important to a borrower and in strict consumer tests found the new regulations to be effective 90 percent of the time. As an additional benefit, the newly proposed rules will assist real estate professionals and escrow officers and assistants to better understand Good Faith Estimates and closings statements when asked to explain concerns by the customers they work with. Closing costs have always been an enigma to most buyers, but this new legislation offer new light on a dark and perplexing real estate issue.
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Search here! Chico CA Foreclosures Listings for Sale
March 20th, 2008 Categories: Chico CA Real Estate News
Chico CA Foreclosures Listings!
Welcome to the most comprehensive, up-to-date list of Chico CA foreclosure properties available for sale on the MLS.
Interested in buying a Chico foreclosure?
Please be forewarned that purchasing a foreclosure or short sale property is quite a bit different than purchasing an average real estate listing.
Everything from the marketing, negotiating, forms, disclosures, and escrow process varies significantly from what most buyers and real estate agents are accustomed to. It is imperative that you, as a buyer, are represented by a foreclosure specialist who understands the complexities of the transaction so that you are adequately protected! Look for a Chico real estate professional that regularly lists and sells foreclosure properties.
Updated: 03/20/2008
Chico (and surrounding areas) Foreclosure Properties Coming Soon!
Want the inside scoop on foreclosure properties not yet listed? The following are scheduled for marketing within the next 30 days:
852 Lindo Lane, Chico
475 Sacramento, Hamilton City
254 E 15th Street, Chico
2136 Rosedale, Oroville
762 1st Avenue, Chico
CHICO FORECLOSURES
1412 N CHERRY STREET Condos $114,900 2bed 1 bath, 864 sqft, built 1982Â (Pending)
2200 NOTRE DAME BLVD Condos $119,900 2 bed 1 bath, 864 sqft, built 1981
269 W Rio Bonito, Biggs SFD $138,000 3 bed, 1.5 bath, 1222 sqft, built 1970
2159 SHOSHONEE AVE SFD $174,500 3 bed 2 bath, 1336 sqft, built 1988
1527 B Street, Chico SFD $179,900 3 bed 2 bath, 1108 sqft, built 1989
2759 CERES AVE SFD $184,900 3 bed 2 bath, 1039 sqft, built 1980 (Pending)
569 WHITE AVE SFD $194,000 3 bed 1 bath, 989 sqft, built 1959
946 EATON RD SFD $194,900 3 bed 2 bath, 1167 sqft, built 1973 (Pending)
2099 HARTFORD DR SFD $199,900 3 bed 2 bath, 1382 sqft, built 2005
87 KEY WEST LOOP SFD $219,000 3 bed 2 bath, 1126 sqft, built 2006 (Pending)
709 POMONA AVE Duplex ($219,900) 2 bed 1 bath, 1436 sqft, built 1948
8 SUN CIRCLE CT SFD $219,900 3 bed 2 bath, 1160 sqft, built 1986
1276 CALLA LN SFD $227,424 4 bed 1.5 bath, 1746 sqft, built 1963 (Pending)
1081 REY CIR SFD $232,900 4 bed 1.75 bath, 1414 sqft, built 1972 (Pending)
15 GLENSHIRE LN SFD $235,900 4 bed, 1.5 bath, 1305 sqft, built in 1987
747 WATERFORD DR SFD $237,450 3 bed 2 bath, 1374 sqft, built 1980
23 GLENSHIRE LN SFD $239,000 4bed 1.5 bath, 1305 sqft, built 1987 (Pending)
1482 DAYTON RD SFD 2 bed 1 bath, 1001 sqft, built 1990 $249,500
2 MARYDITH LN SFD $254,500 3 bed 2 bath, 1720 sqft, built 1969 (contingent)
713 WAYNE LN SFD $265,500 4 bed 2 bath, 1525 sqft, built 1956
4330 KEITH LN SFD $269,000 3 bed 1.5 bath, 1392 sqft, built 1976 (Pending)
4135 KEEFER RD SFD $279,900 2 bed 1 bath, 1100 sqft, built 1978 (Pending)
1260 RAVENSHOE WAY SFD $287,000 4 bed 2.5 bath, 1532 sqft, built 1997 (Pending)
2 WINDMILL CT SFD $289,000 3 bed 2 bath, 1573 sqft, built 1980 (Pending)
25 BUNKER CT SFD $299,900 3 bed 2 bath, 1801 sqft, built 2003 (Pending)
100 BENSON TERR SFD $299,900 3 be, 2 1/2 bath, 1967 sqft, built 2004
13200 HAMILTON NORD SFD $325,000 3 bed 2 bath, 1888 sqft, built 1976
1134 11TH AVENUE SFD $335,300 3 bed 2 bath, 1853 sqft, built in 2004
305 MESA VERDE COURT SFD $347,624 4 bed 3 bath, 2325 sqft, built 2005 (Pending)
832 JACOBS CT SFD $359,900 3 bed 2 bath, 1760 sqft, built 1999
3006 TOP HAND CT SFD $379,900 3 bed 2.5 bath, 2336 sqft, built 1980
2721 ESCALLONIA WY SFD $439,000 4 bed 3 bath, 2435 sqft, built 2001
454 BROOKSIDE DRIVE SFD $498,000 3 bed 3 bath, 2811 sqft, built 1993
10696 PLAYER LN SFD $649,900 3 bed 3 bath, 3342 sqft, built 2005 (Pending)
2766 ALAMO AVE SFD $695,000 4 bed 3 bath, 3600 sqft, built 1996
3217 SHALLOW SPRINGS SFD $894,900 4/4, 4361 sqft, built 2005 (Pending)
LOS MOLINOS FORECLOSURES
24890 KELLIE WAY SFD $199,900 3 bed 2 bath, 1252 sqft, built 1968
MAGALIA FORECLOSURES
13996 JARVIS CIR MFD $89,000 3 bed 2 bath, 1536 sqft, built 1976
13721 ENDICOT CIR MFD $129,500 2 beds 2 baths, 1616 sqft, built 1979
14569 ASHEVILLE DR SFD $169,900 2 bed 2.25 bath, 1738 sqft, built 1981 (Pending)
13980 CASCADE DR SFD $172,500 3 bed 1.75 bath, 1080 sqft, built 1980
13695 ANDOVER DR SFD $178,900 3 bed 1 bath, 1564 sqft, built 1982
14549 CARNEGIE RD SFD $189,900 3 beds 2 baths, 1486 sqft, built 1992
6560 HURON CT SFD $209,900 2 bed 2 bath, 1260 sqft, built 1980
14560 CARNEGIE RD SFD $212,900 2 bed 2 bath, 1751 sqft, built 1979
14569 ASHEVILLE DR SFD $219,900 2 bed 2.25 bath, 1738 sqft, built 1981
15220 SKYWAY SFD $225,000 3 bed 2 bath, 1696 sqft, built 1979
14658 BRIDGEPORT CIR SFD $261,250 3 bed 2 bath, 1903 sqft, built 2005
ORLAND FORECLOSURES
801 PECAN ST SFD $145,000, 3 bed 1.5 bath, 1080 sqft, built 1986
1311 FAIRVIEW ST SFD $145,500 3 bed 1 bath, 1000 sqft, built 1993
803 PECAN CIR SFD $152,900 3 bed 2 bath, 1080 sqft, built 1986
802 DATE ST SFD $154,900 3 bed 2 bath, 1080 sqft, 1988
1309 FAIRVIEW ST SFD $169,000 3 bed 1.5 bath, 1080 sqft, built 1993
802 DATE ST SFD $169,900 3 bed 2 bath, 1080 sqft, built 1988
611 WOODWARD AVE SFD $190,000 3 bed 2 bath, 1402 sqft, built 1948Â (Pending)
778 JACQUELYN DRIVE SFD $249,900 3 bed 2.5 bath, 1773 sqft, built 2006
120 THIRD STREET SFD $259,000 3 bed 2 bath, 2063 sqft, built 2005
6202 CO RD 15 SFD $299,900 3 bed 2.5 bath, 2300 sqft, built 1977
OROVILLE FORECLOSURES
2364 A STREET SFD $69,900 2 bed 1 bath, 864 sqft, built 1935 (Pending)
881 POMONA Ave SFD $78,900 2 bed 1 bath, 988 sqft, built 1921
2765 ORO BANGOR HWY SFD $84,900 3bed, 1bath, 1008 sqft, built in 1987
292 APACHE CIR SFD $91,080 2 bed 2 bath, 1440 sqft, built 1976
2151 OROVILLE BANGOR Duplex! $99,900 built 1954
1080 TEHAMA AVE SFD $104,900 1 bed 1 bath, 912 sqft, built 1949
118 NELSON AVE SFD $109,990 3 bed 2 bath, 1552 sqft, built1965
4771 V E AVE SFD $129,900 3 bed 1 bath, 1014 sqft, built 1964 (Pending)
3451 ORO BANGOR HWY SFD $134,900 3 bed 1 bath, 1266 sqft, built 1950
2126 GRAY ST SFD $137,900 3 bed 2 bath, 1080 sqft, built 1992
1020 BUTTE AVE SFD $139,900 2 bed 1 bath, 1030 sqft, built 1959
1604 SWEEM ST SFD $149,000 4 bed 2 bath, 1597 sqft, built 1960
1687 LETA LN SFD $152,600 2 bed 2 bath, 1038 sqft, built 1978
220 CANYON DR SFD $149,900 4 bed 2 bath, 1894 sqft, built 1954
2675 ORO AVE $155,000 2 bed 1 bath, 1082 sqft, built 1949
853 HARLAN AVE SFD $159,900 3 bed 1 bath, 1088 sqft, built 1951
3081 ORANGE AVE SFD $161,000 3 bed 2 bath, 1443 sqft, built in 1954
1445 7TH AVENUE SFD $173,000 2 bed 1 bath, 1228 sqft, built 1925
11 GLEN CIR SFD $178,900 3 bed 2 bath, 1936 sqft, built 1963
18 WESTWOOD WAY SFD $179,900 3 bed 2 bath, 1152 Sqft, built 1979
37 SELF LN SFD $184,000 2 bed 1 bath, 1240 sqft, built 1982 (Pending)
21 LA CRESENTA DR $189,900 3 bed 2 bath, 1338 sqft, built 1951
3131 TRES VIAS RD $199,900 3 bed 2 bath, 1787 sqft, built 1968
105 ANTLER DRIVE $221,900 4 bed 2 bath, 1687 sqft, built 2005 (Pending)
17 LA FORET DR SFD $259,900 3bed 3 bath, 2344 sqft, built 1983
3615 HILDALE AVE SFD $277,200 3 bed 2 bath, 1778 sqft, built 1961
2680 HWY 70 SFD $339,900 2 bed 2 bath, 1836 sqft, built 1981
PARADISE FORECLOSURES
6221 CLARK RD SFD $99,900 1 bed 1bath, 1182 sqft, built 1955
1835 DRENDEL CIR SFD $114,900 4 bed 1 bath (Pending)
6338 DIAMOND AVE SFD $129,900 2 bed 1 bath, 1147 sqft, built 1949 (Pending)
1537 SYLVAN WAY SFD $130,000 2 bed 1 bath, 1056 sqft, built 1954
5371 SAWMILL RD SFD $139,000 2bed 1 bath, 1014 sqft, built 1950 (Pending)
5757 HOLLY LN SFD $139,900 1bed 1 bath + den, 1080 sqft, built 1948
6340 TABERNACLE LN SFD $139,900 2 bed 2 bath, 1058 sqft, built 1949 (Pending)
5571 KEITH LN SFD $144,900 2 bed 1 bath, 904 sqft, built 1940
6399 LUCKY JOHN RD SFD $144,900 2 bed 1 bath, 1065 sqft, built 1948 (Pending)
463 VALLEY VIEW DR SFD $138,000 2 bed 2 bath, 1020 sqft, built 1947
1115 NUNNELEY SFD $150,900 3 bed 2 bath, 1626 sqft, built 1950
1462 ELLIOTT RD SFD $158,900 2 bed 1 bath, 1064 sqft, built 1954 (Pending)
1481 MAGGIES LN SFD $159,900 2 bed 1.5 bath, 996 sqft, built 1980
6893 LUNAR LN SFD $169,900 2 bed 1.5 bath, 988 sqft, built 1970
6104 OLIVER RD SFD $169,900 2 bed 1 bath, 1054 sqft, built 1950 (Pending)
1363 PEARSON RD SFD $177,900 3 bed 1 bath, 1056 sqft, built 1988 (Pending)
5575 SIERRA PARK DR SFD $190,000 3 bed 2 bath, 1420 sqft, built 1948
5811 PERRY MASON LN SFD $195,000 2 bed 1.5 bath, 1799 sqft, built 1956
490 WILLS LN SFD $199,900 3 bed 2 bath, 1505 sqft, built 1976 (Pending)
5892 COPELAND RD SFD $225,000 3bed 2 bath, 1715 sqft, built 1966
1658 JARAMILLO SFD $239,000 2 bed 2 bath, 1530 sqft, built 2006
1635 ALEXIS LN SFD $262,000 6bed 3 bath, 2977 sqft, built 1981
6479 GREGORY LN SFD $269,900 4 bed 2 bath, 2088 sqft, built 1985 (Pending)
6165 SAWMILL RD SFD $269,900 4 bed 2 1/2 bath, 1936 sqft, built 1979
1246 ELLIOTT RD SFD $345,000 4 bed 3 bath, 2236 sqft, built 1960
3366 HAMLIN CANYON CT SFD $ 384,900 4 bed 3 bath, 2548 sqft built 1992
3591 SUNVIEW RD SFD $389,900 3 bed 2.5 bath, 2107 sqft, built 2002
WILLOWS FORECLOSURES
319 N SHASTA STREET SFD $85,000 2 bed 1 bath, 703 sqft, built 1950 (Pending)
651 GLENNWOOD LN SFD $125,000 3 bed 2 bath, 1354 sqft, built 1979 (Pending)
430 W ASH ST SFD $145,000 3 bed 1 bath, 1535 sqft, built 1910
833 W SYCAMORE ST SFD $149,500 3 bed 1 bath, 1100 sqft, built 1915
695 E WOOD ST SFD $145,000 3 bed 2 bath, 1200 sqft, built 1940 (Pending)
1271 E 9TH STREET SFD $168,500 2 bed 1 bath, 1296 sqft, built in 1943
612 GLENNWOOD LN SFD $174,900 3 bed 2 bath, 1100 sqft, built 1972
SOLD
2788 CEANOTHUS AVE SFD $259,900 (SOLD)
1186 E 1ST AVENUE Condos $135,700 (SOLD)
16 DELAWARE DR SFD $255,900 3 bed 2 bath, 1550 sqft, built 1991 (SOLD)
800 BUSCHMANN RD SFD $649,900 (SOLD)
975 LUPIN AVE SFD $289,000 (SOLD)
32 EL CERRITO DR SFD $230,000 (SOLD)
7 DONNA ST SFD $242,000 3 bed 2 bath, 1646 sqft, built 2005 (SOLD)
835 BLACK WALNUT WAY SFD $239,900 (SOLD)
2630 CEANOTHUS AVE SFD $264,900 (SOLD)
395 E 8TH STREET SFD $100,000 (SOLD)
2752 Rafael St SFD $205,000 (SOLD)
2733 CEANOTHUS AVE SFD $215,000 (SOLD)
6479 GREGORY LN SFD $269,900 (SOLD)
MUST HAVE information:
Foreclosures: What you should know BEFORE you make an offer, Part 1
Foreclosures: What you should know BEFORE you make an offer, Part 2
Foreclosures: What you should know BEFORE you make an offer, Part 3
Chico, California Foreclosures and West Nile Virus
Subscribe to: Chico CA Real Estate Blog and MLS Listings Search!
Looking to buy a Chico CA Foreclosure? Need a knowledgeable Chico Realtor to guide you? Call Sandi Bauman 530-864-5407 or email sandibauman@sbcglobal.net. I specialize in bank-owned properties!
| Discussion: 3 Comments »
Search here! Chico CA Foreclosures Listings for Sale
March 19th, 2008 Categories: Chico CA Real Estate News
Welcome to the most comprehensive, up-to-date list of Chico CA foreclosure properties available for sale on the MLS.
Updated: 03/19/2008
Interested in buying a Chico foreclosure?
Please be forewarned that purchasing a foreclosure or short sale property is quite a bit different than purchasing an average real estate listing.
Everything from the marketing, negotiating, forms, disclosures, and escrow process varies significantly from what most buyers and real estate agents are accustomed to. It is imperative that you, as a buyer, are represented by a foreclosure specialist who understands the complexities of the transaction so that you are adequately protected! Look for a Chico real estate professional that regularly lists and sells foreclosure properties.
CHICO FORECLOSURES
3006 TOP HAND CT SFD $379,900 3 bed 2.5 bath, 2336 sqft, built 1980
25 BUNKER CT SFD $299,900 3 bed 2 bath, 1801 sqft, built 2003 (Pending)
4330 KEITH LN SFD $269,000 3 bed 1.5 bath, 1392 sqft, built 1976
23 GLENSHIRE LN SFD $239,000 4bed 1.5 bath, 1305 sqft, built 1987 (Pending)
1081 REY CIR SFD $232,900 4 bed 1.75 bath, 1414 sqft, built 1972
2159 SHOSHONEE AVE SFD $174,500 3 bed 2 bath, 1336 sqft, built 1988
1412 N CHERRY STREET Condos $114,900 (Pending)
2200 NOTRE DAME BLVD Condos $119,900 2 bed 1 bath, 864 sqft, built 1981
1186 E 1ST AVENUE Condos $135,700 (Pending)
2759 CERES AVE SFD $184,900 3 bed 2 bath, 1039 sqft, built 1980 (Pending)
569 WHITE AVE SFD $194,000 3 bed 1 bath, 989 sqft, built 1959
946 EATON RD SFD $194,900 3 bed 2 bath, 1167 sqft, built 1973 (Pending)
87 KEY WEST LOOP SFD $219,000 3 bed 2 bath, 1126 sqft, built 2006 (Pending)
709 POMONA AVE Duplex ($219,900) built 1948, 1436 sqft
8 SUN CIRCLE CT SFD $219,900 3 bed 2 bath, 1160 sqft, built 1986
1276 CALLA LN SFD $227,424 4 bed 1.5 bath, 1746 sqft, built 1963 (Pending)
32 EL CERRITO DR SFD $230,000 (Pending)
15 GLENSHIRE LN SFD $235,900 4 bed, 1.5 bath, 1305 sqft, built in 1987
747 WATERFORD DR SFD $237,450 3 bed 2 bath, 1374 sqft, built 1980 (Pending)
7 DONNA ST SFD $242,000 (Pending)
1482 DAYTON RD SFD $249,500
2 MARYDITH LN SFD $254,500 3 bed 2 bath, 1720 sqft, built 1969 (contingent)
16 DELAWARE DR SFD $255,900 3 bed 2 bath, 1550 sqft, built 1991 (Pending)
2788 CEANOTHUS AVE SFD $259,900 (Pending)
713 WAYNE LN SFD $265,500 4 bed 2 bath, 1525 sqft, built 1956
4135 KEEFER RD SFD $279,900
1260 RAVENSHOE WAY SFD $287,000
2 WINDMILL CT SFD $289,000 3 bed 2 bath, 1573 sqft, built 1980 (Pending)
975 LUPIN AVE SFD $289,000 (Pending)
100 BENSON TERR SFD $299,900 3 be, 2 1/2 bath, 1967 sqft, built 2004
13200 HAMILTON NORD SFD $325,000 3 bed 2 bath, 1888 sqft, built 1976
1134 11TH AVENUE SFD $335,300 3 bed 2 bath, 1853 sqft, built in 2004
305 MESA VERDE COURT SFD $347,624 4 bed 3 bath, 2325 sqft, built 2005 (Pending)
832 JACOBS CT SFD $359,900 3 bed 2 bath, 1760 sqft, built 1999
2721 ESCALLONIA WY SFD $439,000 4 bed 3 bath, 2435 sqft, built 2001
454 BROOKSIDE DRIVE SFD $498,000
800 BUSCHMANN RD SFD $649,900 (Pending)
3217 SHALLOW SPRINGS SFD $894,900
LOS MOLINOS FORECLOSURES
24890 KELLIE WAY SFD $199,900 3 bed 2 bath, 1252 sqft, built 1968
MAGALIA FORECLOSURES
14658 BRIDGEPORT CIR SFD $261,250 3 bed 2 bath, 1903 sqft, built 2005
15220 SKYWAY SFD $225,000 3 bed 2 bath, 1696 sqft, built 1979
14560 CARNEGIE RD SFD $212,900 2 bed 2 bath, 1751 sqft, built 1979
13996 JARVIS CIR MFD $89,000 3 bed 2 bath, 1536 sqft, built 1976
13721 ENDICOT CIR MFD $129,500 2 beds 2 baths, 1616 sqft, built 1979
14569 ASHEVILLE DR SFD $169,900 2 bed 2.25 bath, 1738 sqft, built 1981 (Pending)
13980 CASCADE DR SFD $172,500 3 bed 1.75 bath, 1080 sqft, built 1980
13695 ANDOVER DR SFD $178,900 3 bed 1 bath, 1564 sqft, built 1982
14549 CARNEGIE RD SFD $189,900 3 beds 2 baths, 1486 sqft, built 1992
6560 HURON CT SFD $209,900 2 bed 2 bath, 1260 sqft, built 1980
14569 ASHEVILLE DR SFD $219,900 2 bed 2.25 bath, 1738 sqft, built 1981
ORLAND FORECLOSURES
6202 CO RD 15 SFD $299,900 3 bed 2.5 bath, 2300 sqft, built 1977
802 DATE ST SFD $154,900 3 bed 2 bath, 1080 sqft, 1988
803 PECAN CIR SFD $152,900 3 bed 2 bath, 1080 sqft, built 1986
1311 FAIRVIEW ST SFD $145,500 3 bed 1 bath, 1000 sqft, built 1993
1309 FAIRVIEW ST SFD $169,000 3 bed 1.5 bath, 1080 sqft, built 1993
802 DATE ST SFD $169,900 3 bed 2 bath, 1080 sqft, built 1988
611 WOODWARD AVE SFD $190,000 (Pending)
OROVILLE FORECLOSURES
2680 HWY 70 SFD $339,900 2 bed 2 bath, 1836 sqft, built 1981
17 LA FORET DR SFD $259,900 3bed 3 bath, 2344 sqft, built 1983
3081 ORANGE AVE SFD $161,000 3 bed 2 bath, 1443 sqft, built in 1954
2675 ORO AVE SFD $155,000 2 bed 1 bath, 1082 sqft, built in 1949
2765 ORO BANGOR HWY SFD $84,900 3bed, 1bath, 1008 sqft, built in 1987
881 Pamona Ave SFD $78,900 2 bed 1 bath, 988 sqft, built 1921
2364 A STREET SFD $69,900 2 bed 1 bath, 864 sqft, built 1935 (Pending)
2985 ELGIN ST SFD $80,900 1 bed 1 bath, 444 sqft, built 1964
292 APACHE CIR SFD $91,080 2 bed 2 bath, 1440 sqft, built 1976
2151 OROVILLE BANGOR Duplex! $99,900 built 1954
1080 TEHAMA AVE SFD $104,900 1 bed 1 bath, 912 sqft, built 1949
118 NELSON AVE SFD $109,990 3 bed 2 bath, 1552 sqft, built1965
4771 V E AVE SFD $129,900 3 bed 1 bath, 1014 sqft, built 1964 (Pending)
3451 ORO BANGOR HWY SFD $134,900 3 bed 1 bath, 1266 sqft, built 1950
2126 GRAY ST SFD $137,900 3 bed 2 bath, 1080 sqft, built 1992
1020 BUTTE AVE SFD $139,900 2 bed 1 bath, 1030 sqft, built 1959
1604 SWEEM ST SFD $149,000 4 bed 2 bath, 1597 sqft, built 1960
1687 LETA LN SFD $152,600 2 bed 2 bath, 1038 sqft, built 1978
220 CANYON DR SFD $149,900 4 bed 2 bath, 1894 sqft, built 1954
2675 ORO AVE $155,000 2 bed 1 bath, 1082 sqft, built 1949
853 HARLAN AVE SFD $159,900 3 bed 1 bath, 1088 sqft, built 1951
1445 7TH AVENUE SFD $173,000 2 bed 1 bath, 1228 sqft, built 1925
11 GLEN CIR SFD $178,900 3 bed 2 bath, 1936 sqft, built 1963
37 SELF LN SFD $184,000 2 bed 1 bath, 1240 sqft, built 1982 (Pending)
21 LA CRESENTA DR $189,900 3 bed 2 bath, 1338 sqft, built 1951
3131 TRES VIAS RD $199,900 3 bed 2 bath, 1787 sqft, built 1968
105 ANTLER DRIVE $221,900 4 bed 2 bath, 1687 sqft, built 2005 (Pending)
3615 HILDALE AVE SFD $277,200 3 bed 2 bath, 1778 sqft, built 1961
PARADISE FORECLOSURES
3591 SUNVIEW RD SFD $389,900 3 bed 2.5 bath, 2107 sqft, built 2002
1246 ELLIOTT RD SFD $345,000 4 bed 3 bath, 2236 sqft, built 1960
1635 ALEXIS LN SFD $262,000 6bed 3 bath, 2977 sqft, built 1981
5892 COPELAND RD SFD $225,000 3bed 2 bath, 1715 sqft, built 1966
490 WILLS LN SFD $199,900 3 bed 2 bath, 1505 sqft, built 1976 (Pending)
5811 PERRY MASON LN SFD $195,000 2 bed 1.5 bath, 1799 sqft, built 1956
1481 MAGGIES LN SFD $159,900 2 bed 1.5 bath, 996 sqft, built 1980
5371 SAWMILL RD SFD $139,000 2bed 1 bath, 1014 sqft, built 1950
5757 HOLLY LN SFD $139,900 1bed 1 bath + den, 1080 sqft
1080
1080
1835 DRENDEL CIR SFD $114,900 4 bed 1 bath (Pending)
6338 DIAMOND AVE SFD $129,900 2 bed 1 bath, 1147 sqft, built 1949 (Pending)
1537 SYLVAN WAY SFD $130,000 2 bed 1 bath, 1056 sqft, built 1954
6340 TABERNACLE LN SFD $139,900 2 bed 2 bath, 1058 sqft, built 1949 (Pending)
5571 KEITH LN SFD $144,900 2 bed 1 bath, 904 sqft, built 1940
6399 LUCKY JOHN RD SFD $144,900 2 bed 1 bath, 1065 sqft, built 1948 (Pending)
463 VALLEY VIEW DR SFD $138,000 2 bed 2 bath, 1020 sqft, built 1947
1115 NUNNELEY SFD $150,900 3 bed 2 bath
1462 ELLIOTT RD SFD $158,900 2 bed 1 bath, 1064 sqft, built 1954 (Pending)
6893 LUNAR LN SFD $169,900 2 bed 1.5 bath, 988 sqft, built 1970
6104 OLIVER RD SFD $169,900 2 bed 1 bath, 1054 sqft, built 1950 (Pending)
1363 PEARSON RD SFD $177,900 3 bed 1 bath, 1056 sqft, built 1988 (Pending)
1658 Jarimello SFD $239,000 2 bed 2 bath, 1530 sqft, built 2006
6479 GREGORY LN SFD $269,900 4 bed 2 bath, 2088 sqft, built 1985 (Pending)
6165 SAWMILL RD SFD $269,900 4 bed 2 1/2 bath, 1936 sqft, built 1979
WILLOWS FORECLOSURES
1271 E 9TH STREET SFD $168,500 2 bed 1 bath, 1296 sqft, built in 1943
319 N SHASTA STREET SFD $85,000 2 bed 1 bath, 703 sqft, built 1950 (Pending)
651 GLENNWOOD LN SFD $125,000 3 bed 2 bath, 1354 sqft, built 1979
430 W ASH ST SFD $145,000 3 bed 1 bath, 1535 sqft, built 1910
833 W SYCAMORE ST SFD $149,500 3 bed 1 bath, 1100 sqft, built 1915
695 E WOOD ST SFD $145,000 3 bed 2 bath, 1200 sqft, built 1940
612 GLENNWOOD LN SFD $174,900 3 bed 2 bath, 1100 sqft, built 1972
SOLD
835 BLACK WALNUT WAY SFD $239,900 (SOLD)
2630 CEANOTHUS AVE SFD $264,900 (SOLD)
395 E 8TH STREET SFD $100,000 (SOLD)
2752 Rafael St SFD $205,000 (SOLD)
2733 CEANOTHUS AVE SFD $215,000 (SOLD)
Have questions? Need more info on any of these properties? Call me: 530-864-5407
Information listed for each property is derived from sources deemed accurate but we do not guarantee the accuracy of such information.
Chico (and surrounding areas) Foreclosure Properties Coming Soon!
Want the inside scoop on foreclosure properties not yet listed? The following are scheduled for marketing within the next 30 days:
1527 B Street, Chico
852 Lindo Lane, Chico
475 Sacramento, Hamilton City
254 E 15th Street, Chico
MUST HAVE information:
Foreclosures: What you should know BEFORE you make an offer, Part 1
Foreclosures: What you should know BEFORE you make an offer, Part 2
Foreclosures: What you should know BEFORE you make an offer, Part 3
Chico, California Foreclosures and West Nile Virus
Subscribe to: Chico CA Real Estate Blog and MLS Listings Search!
Looking to buy a Chico CA Foreclosure? Need a knowledgeable Chico Realtor to guide you? Call Sandi Bauman 530-864-5407 or email sandibauman@sbcglobal.net. I specialize in bank-owned properties!
| Discussion: No Comments »
Search here! Chico CA Foreclosures Listings for Sale
March 18th, 2008 Categories: Chico CA Foreclosure Listings, Chico CA Real Estate News
Chico CA Foreclosures Listings!
Welcome to the most comprehensive, up-to-date list of Chico CA foreclosure properties available for sale on the MLS.
Interested in buying a Chico foreclosure?
Please be forewarned that purchasing a foreclosure or short sale property is quite a bit different than purchasing an average real estate listing.
Everything from the marketing, negotiating, forms, disclosures, and escrow process varies significantly from what most buyers and real estate agents are accustomed to. It is imperative that you, as a buyer, are represented by a foreclosure specialist who understands the complexities of the transaction so that you are adequately protected! Look for a Chico real estate professional that regularly lists and sells foreclosure properties.
Updated: 03/18/2008
Chico (and surrounding areas) Foreclosure Properties Coming Soon!
Want the inside scoop on foreclosure properties not yet listed? The following are scheduled for marketing within the next 30 days:
852 Lindo Lane, Chico
475 Sacramento, Hamilton City
254 E 15th Street, Chico
2136 Rosedale, Oroville
762 1st Avenue, Chico
269 W Rio Bonito, Biggs SFD $138,000 3 bed, 1.5 bath, 1222 sqft, built 1970
CHICO FORECLOSURES
1412 N CHERRY STREET Condos $114,900 (Pending)
2200 NOTRE DAME BLVD Condos $119,900 2 bed 1 bath, 864 sqft, built 1981
1186 E 1ST AVENUE Condos $135,700 (Pending)
2159 SHOSHONEE AVE SFD $174,500 3 bed 2 bath, 1336 sqft, built 1988
1527 B Street, Chico SFD $179,900 3 bed 2 bath, 1108 sqft, built 1989
2759 CERES AVE SFD $184,900 3 bed 2 bath, 1039 sqft, built 1980 (Pending)
569 WHITE AVE SFD $194,000 3 bed 1 bath, 989 sqft, built 1959
946 EATON RD SFD $194,900 3 bed 2 bath, 1167 sqft, built 1973 (Pending)
2099 HARTFORD DR SFD $199,900 3 bed 2 bath, 1382 sqft, built 2005
87 KEY WEST LOOP SFD $219,000 3 bed 2 bath, 1126 sqft, built 2006 (Pending)
709 POMONA AVE Duplex ($219,900) built 1948, 1436 sqft
8 SUN CIRCLE CT SFD $219,900 3 bed 2 bath, 1160 sqft, built 1986
1276 CALLA LN SFD $227,424 4 bed 1.5 bath, 1746 sqft, built 1963 (Pending)
1081 REY CIR SFD $232,900 4 bed 1.75 bath, 1414 sqft, built 1972 (Pending)
15 GLENSHIRE LN SFD $235,900 4 bed, 1.5 bath, 1305 sqft, built in 1987
747 WATERFORD DR SFD $237,450 3 bed 2 bath, 1374 sqft, built 1980 (Pending)
23 GLENSHIRE LN SFD $239,000 4bed 1.5 bath, 1305 sqft, built 1987 (Pending)
1482 DAYTON RD SFD $249,500
2 MARYDITH LN SFD $254,500 3 bed 2 bath, 1720 sqft, built 1969 (contingent)
2788 CEANOTHUS AVE SFD $259,900 (Pending)
713 WAYNE LN SFD $265,500 4 bed 2 bath, 1525 sqft, built 1956
4330 KEITH LN SFD $269,000 3 bed 1.5 bath, 1392 sqft, built 1976
4135 KEEFER RD SFD $279,900
1260 RAVENSHOE WAY SFD $287,000
2 WINDMILL CT SFD $289,000 3 bed 2 bath, 1573 sqft, built 1980 (Pending)
25 BUNKER CT SFD $299,900 3 bed 2 bath, 1801 sqft, built 2003 (Pending)
100 BENSON TERR SFD $299,900 3 be, 2 1/2 bath, 1967 sqft, built 2004
13200 HAMILTON NORD SFD $325,000 3 bed 2 bath, 1888 sqft, built 1976
1134 11TH AVENUE SFD $335,300 3 bed 2 bath, 1853 sqft, built in 2004
305 MESA VERDE COURT SFD $347,624 4 bed 3 bath, 2325 sqft, built 2005 (Pending)
832 JACOBS CT SFD $359,900 3 bed 2 bath, 1760 sqft, built 1999
3006 TOP HAND CT SFD $379,900 3 bed 2.5 bath, 2336 sqft, built 1980
2721 ESCALLONIA WY SFD $439,000 4 bed 3 bath, 2435 sqft, built 2001
454 BROOKSIDE DRIVE SFD $498,000
10696 PLAYER LN SFD $649,900 3 bed 3 bath, 3342 sqft, built 2005 (Pending)
3217 SHALLOW SPRINGS SFD $894,900 4/4, 4361 sqft, built 2005 (Pending)
LOS MOLINOS FORECLOSURES
24890 KELLIE WAY SFD $199,900 3 bed 2 bath, 1252 sqft, built 1968
MAGALIA FORECLOSURES
13996 JARVIS CIR MFD $89,000 3 bed 2 bath, 1536 sqft, built 1976
13721 ENDICOT CIR MFD $129,500 2 beds 2 baths, 1616 sqft, built 1979
14569 ASHEVILLE DR SFD $169,900 2 bed 2.25 bath, 1738 sqft, built 1981 (Pending)
13980 CASCADE DR SFD $172,500 3 bed 1.75 bath, 1080 sqft, built 1980
13695 ANDOVER DR SFD $178,900 3 bed 1 bath, 1564 sqft, built 1982
14549 CARNEGIE RD SFD $189,900 3 beds 2 baths, 1486 sqft, built 1992
6560 HURON CT SFD $209,900 2 bed 2 bath, 1260 sqft, built 1980
14560 CARNEGIE RD SFD $212,900 2 bed 2 bath, 1751 sqft, built 1979
14569 ASHEVILLE DR SFD $219,900 2 bed 2.25 bath, 1738 sqft, built 1981
15220 SKYWAY SFD $225,000 3 bed 2 bath, 1696 sqft, built 1979
14658 BRIDGEPORT CIR SFD $261,250 3 bed 2 bath, 1903 sqft, built 2005
ORLAND FORECLOSURES
801 PECAN ST SFD $145,000, 3 bed 1.5 bath, 1080 sqft, built 1986
1311 FAIRVIEW ST SFD $145,500 3 bed 1 bath, 1000 sqft, built 1993
803 PECAN CIR SFD $152,900 3 bed 2 bath, 1080 sqft, built 1986
802 DATE ST SFD $154,900 3 bed 2 bath, 1080 sqft, 1988
1309 FAIRVIEW ST SFD $169,000 3 bed 1.5 bath, 1080 sqft, built 1993
802 DATE ST SFD $169,900 3 bed 2 bath, 1080 sqft, built 1988
611 WOODWARD AVE SFD $190,000 (Pending)
778 JACQUELYN DRIVE SFD $249,900 3 bed 2.5 bath, 1773 sqft, built 2006
6202 CO RD 15 SFD $299,900 3 bed 2.5 bath, 2300 sqft, built 1977
OROVILLE FORECLOSURES
2364 A STREET SFD $69,900 2 bed 1 bath, 864 sqft, built 1935 (Pending)
881 POMONA Ave SFD $78,900 2 bed 1 bath, 988 sqft, built 1921
2765 ORO BANGOR HWY SFD $84,900 3bed, 1bath, 1008 sqft, built in 1987
292 APACHE CIR SFD $91,080 2 bed 2 bath, 1440 sqft, built 1976
2151 OROVILLE BANGOR Duplex! $99,900 built 1954
1080 TEHAMA AVE SFD $104,900 1 bed 1 bath, 912 sqft, built 1949
118 NELSON AVE SFD $109,990 3 bed 2 bath, 1552 sqft, built1965
4771 V E AVE SFD $129,900 3 bed 1 bath, 1014 sqft, built 1964 (Pending)
3451 ORO BANGOR HWY SFD $134,900 3 bed 1 bath, 1266 sqft, built 1950
2126 GRAY ST SFD $137,900 3 bed 2 bath, 1080 sqft, built 1992
1020 BUTTE AVE SFD $139,900 2 bed 1 bath, 1030 sqft, built 1959
1604 SWEEM ST SFD $149,000 4 bed 2 bath, 1597 sqft, built 1960
1687 LETA LN SFD $152,600 2 bed 2 bath, 1038 sqft, built 1978
220 CANYON DR SFD $149,900 4 bed 2 bath, 1894 sqft, built 1954
2675 ORO AVE $155,000 2 bed 1 bath, 1082 sqft, built 1949
853 HARLAN AVE SFD $159,900 3 bed 1 bath, 1088 sqft, built 1951
3081 ORANGE AVE SFD $161,000 3 bed 2 bath, 1443 sqft, built in 1954
1445 7TH AVENUE SFD $173,000 2 bed 1 bath, 1228 sqft, built 1925
11 GLEN CIR SFD $178,900 3 bed 2 bath, 1936 sqft, built 1963
18 WESTWOOD WAY SFD $179,900 3 bed 2 bath, 1152 Sqft, built 1979
37 SELF LN SFD $184,000 2 bed 1 bath, 1240 sqft, built 1982 (Pending)
21 LA CRESENTA DR $189,900 3 bed 2 bath, 1338 sqft, built 1951
3131 TRES VIAS RD $199,900 3 bed 2 bath, 1787 sqft, built 1968
105 ANTLER DRIVE $221,900 4 bed 2 bath, 1687 sqft, built 2005 (Pending)
17 LA FORET DR SFD $259,900 3bed 3 bath, 2344 sqft, built 1983
3615 HILDALE AVE SFD $277,200 3 bed 2 bath, 1778 sqft, built 1961
2680 HWY 70 SFD $339,900 2 bed 2 bath, 1836 sqft, built 1981
PARADISE FORECLOSURES
1835 DRENDEL CIR SFD $114,900 4 bed 1 bath (Pending)
6338 DIAMOND AVE SFD $129,900 2 bed 1 bath, 1147 sqft, built 1949 (Pending)
1537 SYLVAN WAY SFD $130,000 2 bed 1 bath, 1056 sqft, built 1954
5371 SAWMILL RD SFD $139,000 2bed 1 bath, 1014 sqft, built 1950 (Pending)
5757 HOLLY LN SFD $139,900 1bed 1 bath + den, 1080 sqft, built 1948
6340 TABERNACLE LN SFD $139,900 2 bed 2 bath, 1058 sqft, built 1949 (Pending)
5571 KEITH LN SFD $144,900 2 bed 1 bath, 904 sqft, built 1940
6399 LUCKY JOHN RD SFD $144,900 2 bed 1 bath, 1065 sqft, built 1948 (Pending)
463 VALLEY VIEW DR SFD $138,000 2 bed 2 bath, 1020 sqft, built 1947
1115 NUNNELEY SFD $150,900 3 bed 2 bath
1462 ELLIOTT RD SFD $158,900 2 bed 1 bath, 1064 sqft, built 1954 (Pending)
1481 MAGGIES LN SFD $159,900 2 bed 1.5 bath, 996 sqft, built 1980
6893 LUNAR LN SFD $169,900 2 bed 1.5 bath, 988 sqft, built 1970
6104 OLIVER RD SFD $169,900 2 bed 1 bath, 1054 sqft, built 1950 (Pending)
1363 PEARSON RD SFD $177,900 3 bed 1 bath, 1056 sqft, built 1988 (Pending)
5575 SIERRA PARK DR SFD $190,000 3 bed 2 bath, 1420 sqft, built 1948
5811 PERRY MASON LN SFD $195,000 2 bed 1.5 bath, 1799 sqft, built 1956
490 WILLS LN SFD $199,900 3 bed 2 bath, 1505 sqft, built 1976 (Pending)
5892 COPELAND RD SFD $225,000 3bed 2 bath, 1715 sqft, built 1966
1658 JARAMILLO SFD $239,000 2 bed 2 bath, 1530 sqft, built 2006
1635 ALEXIS LN SFD $262,000 6bed 3 bath, 2977 sqft, built 1981
6479 GREGORY LN SFD $269,900 4 bed 2 bath, 2088 sqft, built 1985 (Pending)
6165 SAWMILL RD SFD $269,900 4 bed 2 1/2 bath, 1936 sqft, built 1979
1246 ELLIOTT RD SFD $345,000 4 bed 3 bath, 2236 sqft, built 1960
3366 HAMLIN CANYON CT SFD $ 384,900 4 bed 3 bath, 2548 sqft built 1992
3591 SUNVIEW RD SFD $389,900 3 bed 2.5 bath, 2107 sqft, built 2002
WILLOWS FORECLOSURES
319 N SHASTA STREET SFD $85,000 2 bed 1 bath, 703 sqft, built 1950 (Pending)
651 GLENNWOOD LN SFD $125,000 3 bed 2 bath, 1354 sqft, built 1979 (Pending)
430 W ASH ST SFD $145,000 3 bed 1 bath, 1535 sqft, built 1910
833 W SYCAMORE ST SFD $149,500 3 bed 1 bath, 1100 sqft, built 1915
695 E WOOD ST SFD $145,000 3 bed 2 bath, 1200 sqft, built 1940 (Pending)
1271 E 9TH STREET SFD $168,500 2 bed 1 bath, 1296 sqft, built in 1943
612 GLENNWOOD LN SFD $174,900 3 bed 2 bath, 1100 sqft, built 1972
SOLD
16 DELAWARE DR SFD $255,900 3 bed 2 bath, 1550 sqft, built 1991 (SOLD)
800 BUSCHMANN RD SFD $649,900 (SOLD)
975 LUPIN AVE SFD $289,000 (SOLD)
32 EL CERRITO DR SFD $230,000 (SOLD)
7 DONNA ST SFD $242,000 3 bed 2 bath, 1646 sqft, built 2005 (SOLD)
835 BLACK WALNUT WAY SFD $239,900 (SOLD)
2630 CEANOTHUS AVE SFD $264,900 (SOLD)
395 E 8TH STREET SFD $100,000 (SOLD)
2752 Rafael St SFD $205,000 (SOLD)
2733 CEANOTHUS AVE SFD $215,000 (SOLD)
6479 GREGORY LN SFD $269,900 (SOLD)
Have questions? Need more info on any of these properties? Call me: 530-864-5407
Information listed for each property is derived from sources deemed accurate but we do not guarantee the accuracy of such information.
Foreclosures: What you should know BEFORE you make an offer, Part 1
Foreclosures: What you should know BEFORE you make an offer, Part 2
Coming soon! What you should know BEFORE you make an offer, Part 3.
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New Hope for Chico HomeOwners!
March 15th, 2008 Categories: Chico CA Real Estate News
On the Brighter Side
by Mike Wiegert, broker Chico Homes
There’s new hope on the horizon for Chico homeowners saddled with ruinous adjustable rate loans that are threatening to convert happy homeowners to cheerless renters. Last week House Financial Services Committee Chairman Barney Frank announced new legislation to stem the significant rise in mortgage foreclosures by allowing the Federal Housing Administration to insure and guarantee refinanced mortgages that have been significantly written down by mortgage holders and lenders. A summary of the proposed draft and the full text is available on the Financial Services Committee website. Mr. Frank cautioned interested readers that the text of the proposed legislation could change over the next few weeks and encouraged comments from all concerned parties.
The new program would permit FHA to provide up to $300 billion in new guarantees that would help to refinance at-risk borrowers into reasonable and affordable new loans. In consideration of a significant reduction of principal, the existing lender or mortgage holder would receive a short payment from the proceeds of a new FHA loan and subsequently the new loan would result in terms that the borrower can reasonably be expected to pay. The existing lender or mortgage holder would receive a cash payment and would agree to not harm or affect the credit of the borrower.
This proposal could potentially refinance between 1 and 2 million loans, thereby helping Chico families to stay in their homes, protect neighborhoods and help stabilize the housing market.
Under the proposed program, a homeowner or existing loan servicer would contact an FHA approved lender who would determine the eligibility and size of the loan consistent with the program’s guidelines. The lender would also evaluate and confirm the borrower’s ability to reasonably repay the new loan. If the current mortgage holder agrees to a write-down or discount of the existing principal balance in accordance with the requirements of the program and makes the new loan affordable, the FHA lender will pay of the existing mortgage.
In addition to the first lien, the newly proposed program grants the government a “soft” second lien to cover the FHA’s costs and preclude borrower misuse of the program such as “flipping” or speculative buying and selling of homes. When the borrower sells or refinances the home there would be a required payment from the profits. This payment would be the higher of a 3 percent exit fee or a declining percentage of any profits ranging from 100 percent in the first year to 20 percent in the fifth year. After the fifth year, the 3 percent exit fee would be the maximum.
Other requirements for eligibility to the program must be met. Eligible applicants are limited to owner occupied principal residences. There is no availability to rental homes, speculative homes or owner occupied second homes. The existing senior loan being refinanced must have been originated between January 1, 2005 and July 1, 2007. To avoid borrowers purposely defaulting on existing loans, the borrower must have a debt to income ratio of 40 percent or higher as of March 1, 2008 and must certify that he/she has not intentionally defaulted. Existing mortgage holders or investors wishing to participate must waive any penalties or fees associated with the existing mortgage and accept the proceeds of the new loan as payment in full. In order for the existing mortgage holder to participate in the program, a significant reduction of the existing loan balance must be “written off” so that the new FHA loan does not exceed 90 percent of the property’s current appraised value. Additionally, the principal reduction of the existing loan must provide for all up front fees for the new loan. Participating existing mortgage holders are limited to a payment of no more than 85 percent of the current appraised value of the property.
Distressed borrowers stuck with adjustable rate loans that are about to be or have been recently reset really need to pay attention to this program. Once enacted, this program will provide to eligible participants not only relief from a looming, excessive home loan, but the possibility of increased equity and a new loan tailored to a borrower’s realistic ability to repay.
Let’s hear it for this bold new step in the right direction by our Federal Legislators.
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Senate Bill 1055: Damned if You Do, Damned if You Don’t
March 3rd, 2008 Categories: Chico CA Real Estate News
by Mike Wiegert, broker Chico Homes Real Estate
A bill that is now pending before the California full Senate would make it possible for California taxpayers to avoid paying taxes on forgiven mortgage debt through a short sale, short sale payoff or other loan modifications.
Senate Bill (SB) 1055, authored by Sen. Michael J. Machado, passed the Senate Revenue and Taxation Committee on an 8-0 vote. The measure would help California taxpayers whose lenders have forgiven a portion of their mortgage debt, by allowing them to exclude the forgiven debt from their incomes for state income tax purposes. Under existing state tax law, forgiven debt on mortgages is taxable to the borrower as ordinary income for the year in which the debt is forgiven. OUCH!
Think about it. You’re already in financial straits, otherwise you wouldn’t be in foreclosure. You list your home with your friendly Chico Realtor hoping to stem off the foreclosure and hopefully not have your credit significantly damaged. Next thing you know you’re getting a tax bill from the state. I regrettably report to you that a huge number of home sellers were unaware or didn’t understand the tax implications of the short sale/foreclosure process in Chico CA. Broken record time: Don’t make any major moves in buying or selling Chico real estate without adequate counseling from a trusted and knowledgeable real estate professional, attorney or tax specialist.
“SB 1055 an example of something the Legislature can do to help mitigate the pain that the mortgage crisis is causing,” said Machado. “The last thing we want to do to a borrower who has just lost his or her home is hit them with a higher tax bill.”
Currently, when a bank or other lender forgives debt on a house sold for less than what its value was when the mortgage was funded (a so-called short sale), the owner must pay taxes on the difference. So if a home originally valued at $350,000 sells for $300,000, and the bank forgives the difference, the owner must pay state taxes on the $50,000 difference. A law recently passed by Congress eliminates those taxes at the federal level for the next three years.
At the national level, Treasury Secretary Henry Paulson recently said a correction in the housing market was “inevitable and necessary.” Paulson, speaking last month at a foreclosure forum in Stockton went on to say that 1.8 million subprime mortgages are scheduled to reset to sharply higher rates over the next two years. Reasoning that this mortgage crisis might result in market failure prompted the administration to broker a deal with the mortgage industry to freeze certain subprime mortgage rates for five years, thereby allowing the housing market to recover. The overall effect is yet to be seen but this is definitely a step in the right direction.
In other recent real estate news, an upcoming trend we’re starting to see is actually a reenactment of the long ago use of custom crafted seller “takeback” or carry back financing. This type of financing has been popularly used in past times of stringent mortgage lending practices or higher interest rates.
Takeback financing means property sellers offer mortgages on their own to buyers on mutually beneficial terms. Interest rates, payback terms, and down payments are all negotiable. There is no bank involvement and the seller can spread out receipt of the full price for the property over a period of years. In the meantime, the seller collects interest and principal payments and often gets a balloon payment at the end of a specified number of years.
Senate Bill 1055 is really a temporary alternative solution to the current mortgage conditions and presumes that the property in question has little or no existing loan against it, but in many instances can make the difference to a buyer having trouble qualifying to buy and a seller experiencing difficulty selling.
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