From the category archives:

OC Foreclosures

Shandrow Group Featured in German Documentary on California Foreclosure Market

June 15, 2009
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Shandrow Group Goes International!
We’re proud to announce that Shandrow Group will soon be making its European television debut in a German “60 Minutes”-style documentary on the booming California foreclosure market.
We were honored to have Munich-based FOCUS TV Produktions GmbH along for the ride for an entire day last week as editor Kirsten Moser and her [...]

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Compton Bank-Owned Fixer-Upper for Bargain Price

May 1, 2009

BARGAIN-PRICED.
BANK-OWNED BENEFITS.
PRIME FIXER-UPPER.
PRICE: $69,900
ADDRESS: 407 S. Acacia Ave., Compton, CA 90220
TYPE OF HOME: Single family, 2 bed, 1 bath
HOME SIZE: 944 sq. ft.
LOT SIZE: 5,200 sq. ft.
YEAR BUILT: 1915
HIGHLIGHTS:
* Large, natural light bathed windows
* Ceiling fans
* Spacious yard (surrounded by white picket fence)
* Tiled shower and soaking tub
* Custom built-in bookshelves, storage and cupboards
* Tiled [...]

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Brilliant Bank-Owned Alamitos Beach Condo—Priced to Sell

April 30, 2009
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GREAT LOCATION: ALAMITOS BEACH OCEAN AIR.
GREAT DEAL: BANKED-OWNED FORECLOSURE IS PRICED TO SELL!
PRICE: $135,000 (only approx. $207 per square foot).
THIS ADDRESS: 1227 E. First St., #2B, Long Beach, CA 90802-5709
CROSS STREETS: ORANGE & ESPERANZA
CONDO TYPE: beach community 1 bedroom, 1 bath upstairs condominium-style residence (in a 10-condo building)
CONDO SIZE: 650 sq. ft.

YEAR BUILT: 1961

INTERIOR AMENITIES
* [...]

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Ocwen First to Issue Obama’s Making Home Affordable Loan Modifications

April 16, 2009

Ocwen Financial Corp., a prominent subprime loan servicer and current Shandrow Group client, is officially the first mortgage servicer to begin modifying home loans as part of the Obama administration’s Making Home Affordable (MHA) program.
The $75 billion government loan modification initiative enables at-risk borrowers lower their monthly payments to help them avoid foreclosure or bankruptcy [...]

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Banks Aren’t Reselling Many Foreclosed Homes

April 13, 2009

This is a great article about “Shadow Inventory” that the banks are holding onto.  We are in for a wild ride.
Wednesday, April 8, 2009 (SF Chronicle)
Banks aren’t reselling many foreclosed homes
Carolyn Said, Chronicle Staff Writer
A vast “shadow inventory” of foreclosed homes that banks are holding off the market could wreak havoc with the already battered [...]

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Ultramodern Pine Avenue Courtyard Lofts

April 6, 2009

Address: 819-849 Pine Ave. Long Beach, CA
Units: 16
Types of Units: 1 bedroom (private upstairs master bedroom lofts), 1 bath
Size Range: Approx. 800 sq. ft to 1,150 sq. ft., varied floor plans
Stories: 2
Year Built: 2005
Average HOA Dues: $215
Indoor Amenities:
•    Ultramodern downstairs fireplaces
•    State-of-the-art gourmet kitchens, some outfitted with gorgeous granite counter tops and stainless steel appliances [...]

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Lakewood Foreclosure Fixer-Upper For Sale

February 28, 2009

Price: $199,000
Call to Schedule a Personal Tour
Address: 11867 206th St., Lakewood, CA 90715
Home Type: Single-Family
Square Feet: 960
Lot Size: 5,050 sq. ft.
Year Built: 1953
Rooms: 3 bedrooms, 1 bath, large family room addition
Extras: Large backyard and long front driveway with carport
FIX AND SAVE!
This single-story, single-family home in the Pioneer/Del Amo area of the city of Lakewood presents [...]

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Obama’s Homeowner Affordability and Stability Plan: Who Is Eligible?

February 28, 2009

Here’s what you need to know about President Barack Obama’s new Homeowner Affordability and Stability Plan (HASP) to help stabilize the housing market and help millions of struggling borrowers keep their homes. What is it? Who is eligible? How will it directly impact you and your family?
The first portion of HASP, the Homeowner Affordability arm, [...]

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Southern California Home Prices Plummet as Foreclosures Rise

February 28, 2009

Southern California home prices have fallen to 2002 levels, according to a recent Los Angeles Times report, and they won’t stop plummeting any time soon.
SOCAL HOMES BECOMING MORE AFFORDABLE
Studies show that significantly more people will be able to realize the American dream of home ownership in Southern California than they have been since 2000. For [...]

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Luxury Beachfront Belmont Shore Foreclosure for Sale

February 27, 2009

Call to Schedule a Personal Tour
Address: 5341 Appian Way, Long Beach, CA 90803

Home Type: Single-Family
Square Feet: 1,569
Lot Size: 3,900 sq. ft.
Rooms: 3 bedrooms, 2 baths

Year Built: 1961
Neighborhood: Belmont Shore
This amazing, not-yet-listed foreclosure is located in Long Beach’s most exclusive beachside neighborhood. The spacious 3-bedroom, 2-bath luxury home is nestled among some of the finest, most [...]

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