Redondo Beach Real Estate: Short Sale and REO Foreclosure MLS Listings

Blink and you missed it. BofA announced that after a scant 10 days, they are lifting the moratorium in the 23 judicial foreclosure states. We assume that after another day or so, they will make the same announcement relative to CA and the others. The "robo-signing" controversy still does not address the underlying issue of chain of title and whether in the current MERS environment, the party foreclosing actually has standing to do so. We'll leave a discussion of that topic and how it relates to Redondo Beach home sales to another blog post.

This blog site is dedicated to Redondo Beach Real Estate (90277-90278) and closely related topics but we are going to expand on that coverage in this post and compare availability of pre-foreclosure short sales and bank owned REO foreclosure MLS listings for sale in the Beach Cities, Palos Verdes, and the greater South Bay. The numbers of homes for sale after each link indicate available inventory as of this post but your results will update in real time depending on when you run the searches and the numbers of homes for sale may vary. All property types are included in each search: condos, townhomes, single family detached residences, etc. All price ranges are included so that you can find homes for sale from the MLS whatever your budget. Remember - you can also modify and save your search results and drill down to the specific property type condo, townhouse, SFR, etc.

Scroll down after the searches for our analysis and comments. To run our map based best of breed MLS search in full screen mode to find homes for sale in the Los Angeles area click here.

Beach Cities pre-foreclosure Short Sale MLS Listings - Find Homes for Sale
El Segundo pre-foreclosure condo, townhouse, SFR short sale MLS listings 2 homes for sale
Manhattan Beach pre-foreclosure condo, townhouse, SFR short sale MLS listings 12 homes for sale
Hermosa Beach pre-foreclosure condo, townhouse, SFR short sale MLS listings 16 homes for sale
Redondo Beach pre-foreclosure condo, townhouse, SFR short sale MLS listings 62 homes for sale

Palos Verdes pre-foreclosure Short Sale MLS Listings - Find Homes for Sale
Rancho Palos Verdes pre-foreclosure condo, townhouse, SFR short sale MLS listings 22 homes for sale
Rolling Hills Estates pre-foreclosure condo, townhouse, SFR short sale MLS listings 8 homes for sale
Rolling Hills pre-foreclosure condo, townhouse, SFR short sale MLS listings 1 home for sale

Greater South Bay pre-foreclosure Short Sale MLS Listings - Find Homes for Sale
Torrance pre-foreclosure condo, townhouse, SFR short sale MLS listings 140 homes for sale
Hawthorne pre-foreclosure condo, townhouse, SFR short sale MLS listings 70 homes for sale
Gardena pre-foreclosure condo, townhouse, SFR short sale MLS listings 90 homes for sale
Lawndale pre-foreclosure condo, townhouse, SFR short sale MLS listings 34 homes for sale
Lomita pre-foreclosure condo, townhouse, SFR short sale MLS listings 12 homes for sale
Inglewood pre-foreclosure condo, townhouse, SFR short sale MLS listings 130 homes for sale
San Pedro pre-foreclosure condo, townhouse, SFR short sale MLS listings 83 homes for sale

Beach Cities Bank Owned REO MLS Foreclosure Listings - Find Homes for Sale
El Segundo bank owned condo, townhouse, SFR REO MLS foreclosure listings 2 homes for sale
Manhattan Beach bank owned condo, townhouse, SFR REO MLS foreclosure listings 4 homes for sale
Hermosa Beach bank owned condo, townhouse, SFR REO MLS foreclosure listings 3 homes for sale
Redondo Beach bank owned condo, townhouse, SFR REO MLS foreclosure listings 10 homes for sale

Palos Verdes Bank Owned REO MLS Foreclosure Listings - Find Homes for Sale
Rancho Palos Verdes bank owned condo, townhouse, SFR REO MLS foreclosure listings 7 homes
Rolling Hills Estates bank owned condo, townhouse, SFR REO MLS foreclosure listings
Rolling Hills bank owned condo, townhouse, SFR REO MLS foreclosure listings
  
Greater South Bay Bank Owned REO MLS Foreclosure Listings - Find Homes for Sale
Torrance bank owned condo, townhouse, SFR REO MLS foreclosure listings 33 homes for sale
Hawthorne bank owned condo, townhouse, SFR REO MLS foreclosure listings 22 homes for sale
Gardena bank owned condo, townhouse, SFR REO MLS foreclosure listings 27 homes for sale
Lawndale bank owned condo, townhouse, SFR REO MLS foreclosure listings 9 homes for sale
Lomita bank owned condo, townhouse, SFR REO MLS foreclosure listings 4 homes for sale
Inglewood bank owned condo, townhouse, SFR REO MLS foreclosure listings 40 homes for sale
San Pedro bank owned condo, townhouse, SFR REO MLS foreclosure listings 31 homes for sale

Conclusions: As we have noted on a previous post, there has been a lot of short sale activity in Redondo Beach in all price ranges. We have had an ongoing concern that a number of legitimate home buyers have been sidetracked and distracted waiting for short sales that never were approved. Our opinion is that a number of homes in Redondo Beach 90277-90278 were purchased during the run up with no money down and other homeowners took too large HELOCs when the prices ran through the roof. Other than that, the REO home for sale activity has been running at about a dozen, give or take per month.

As you look at the other cities listed above, the relationship should be apparent that the larger the city, the more prices inflated before the housing crash, the greater number of pre-foreclosure short sales and REOs you will find. Conversely, where prices may be higher and the potential losses greater to the investor, there seems to be less of a willingness to foreclose.