The Malibu Real Estate Blog » bank owned

Malibu Real Estate Deal Alert!

Malibu Real Estate — Fri, 27 Apr 2012 05:37:23 +0000

One of the best deals I’ve seen hit the Malibu real estate market this month! Short sale deal alert but you’d have to have been on it today to even have a chance. By this evening, there is a good chance that there are more than 4 offers on the Malibu home.The home was crawling with buyers today when I was there!

One reason to work with a local Malibu real estate agent is so you can get the call first when something like this hits the market. I scan the Malibu real estate market every morning at 7am and if an incredible deal comes up I call all my priority buyers who are committed to letting me find them that great buy.

By 8am this morning I had already called a client and had them on their way to the home two hours later.

The home has huge ocean views, 6 bedrooms, and over 5000 sq.ft of newer construction with an asking price under $2m. From the MLS..”A TRULY EXCITING ESTATE WITH WELL THOUGHT OUT FLOOR PLAN & ALL THE AMENITIES AND QUALITY YOU HAVE TO SEE TO APPRECIATE. SPECTACULAR VIEWS FROM JUST ABOUT EVERY ROOM. THE HOME INCLUDES FORMAL DINING ROOM, LIBRARY/STUDY, HOME THEATER, 5 BEDROOMS EACH WITH PRIVATE BATH AND AN ENORMOUS MASTER SUITE. BEAUTIFUL GARDENS, LARGE GRASSY YARD, POOL & LIGHTED SPORT COURT. SURROUNDING TREES & FLOWERS CREATE A COZY, PRIVATE FEELING. SUBJECT TO SHORT SALE APPROVAL. CB SHORT SALE DIVISION.”

If you are interested in deals like this (REO, short sale, bank owned) and want to work closely with a Malibu real estate agent who will call you first, then email me at Malibu real estate @ mac.com; or call 310 699 8428 to discuss needs.

Courtesy of C Cortazzo/CB

Bank Owned Malibu Home For Sale

Malibu Real Estate — Sun, 11 Dec 2011 06:17:03 +0000

This is a smoking deal! A Malibu Park home for sale under $1.2M! This bank owned home has 4 bedrooms and is in a great, family friendly area of Malibu near the high school. This Malibu home for sale is offered at $1,169,500 and I’ll be willing to bet that there will be at least three offers on by the end of next week. If you want to live in Malibu, make your move now, and take a run at this great home.
From the MLS “BANK OWNED REO! FANTASTIC HOME JUST MINUTES FROM ZUMA BEACH. PROPERTY WAS RECENTLY REMODELED AND SHOWS AS A 4 BEDROOM 2 3/4 BATHROOM ESTATE. THIS PROPERTY HAS VAULTED CEILING ENTRY, HARDWOOD FLOORING, REMODELED KITCHEN, NICE GATED YARD, STORAGE SHEDS, SPORTS COURT AND SO MUCH MORE. PLEASE CALL FOR MORE DETAILS. FANTASTIC LOCATION!”
CALL FOR A SHOWING BUT DONT WAIT. MALIBU REAL ESTATE AGENT MIKE GARDNER 1-310-699-8428

Malibu Bank Owned Homes

Malibu Real Estate — Wed, 01 Jun 2011 20:07:32 +0000

What you need to know about Malibu bank owned homes for sale.

There are bank owned homes and short sales. They can also be called REO’s and foreclosures. One is a pain and one can be really easy and you have a good chance of closing the deal if you have cash. Bank owned homes and condos can close in a week or less. The bank is ready to get it of it’s books. With the last several deals I’ve wrote on bank owned homes, the bank told the listing agent to only send the highest cash deal. One condo last month had 5 offers 4 of which were cash. If the deal appears to be good to you, there are 10 others that think the same way.

Short sales are a different animal. The banks may not get back to you for months and you are stuck in limbo watching other deals go by. If you have nerves of steel and patience like the Dali Lama, then go for that short sale. If you want answers and have cash, go for the bank owned deal.

One last point! You need to work with an agent that makes sure you get the info fast. I just wrote an offer on a bank owned condo and it was my client who got the first offer in. We got there first because I relentlessly called the agent every day for a week and it was on my radar well before everyone else. Also, you need to be set up on an auto notify system that gives you morning emails about market activity. You can also check out or tab up top for foreclosures.

You can email me write now requesting the list of everything on my Malibu Bank owned list.

Email Me

Malibu REO Bank Owned Short Sale Update

Malibu Real Estate — Thu, 28 Apr 2011 16:16:42 +0000

Just ran a quick check and there are 30 properties on the short sale bank owned real estate list. The properties range from a $89,000 piece of land described here “REO. Watch the ships! This ocean and canyon unobstructed views will take your breath away! Land value – a recently built house was probably destroyed by fire. Old foundation and meters are ready for your new home to be build quickly! An estate property is being build across the street. Buyer to investigate all aspects of the property.” to a $6.9 chunk of dirt up on Kanan that is “A remarkable offering of 455 acres in a prime location – just minutes from the 101 and Malibu’s beaches. Located in the heart of Malibu Valley wine region, this acreage consists of seven lots and is out of the Coastal Commission’s jurisdiction. In addition, two of the seven parcels (totalling 51 acres) are zoned RR5 (Recreation Resort) which allows for non-residential uses. With a creek, mountain vistas, beautiful mature trees, roads, meadows, mixed zoning, subdivision possibilities”

The hottest deals right now are the condos. Prices are low enough that quickly converting the unit in to a Pepperdine rental should makes sense.

Email Me to get the list of bank owned REO homes.

Another Bank Owned Condo Deal in Malibu

Malibu Real Estate — Wed, 02 Mar 2011 19:52:35 +0000

I just got back from showing what I believe to be one of the best ocean view condo deals I’ve seen in the last 5 years! A third row, 2 bedroom end unit (only one shared wall) came on the bank owned/REO market yesterday for $378,000. Here’s the low down on this Malibu condo for sale…Two other units are listed on the third row and both are listed over $570,000. Those units don’t even have close to the ocean view that this bank owned one has. Not only does the bottom floor have a good ocean view, but the master bedroom has an ocean view that goes from Palos Verdes to the Point Dume headlands and you can see most of Catalina. This unit is turn key ready too. The carpets were clean, the walls were white, there were no funky smells, and the kitchen was recently remodeled. I did a quick look in the garage and it appears that the garage door is new and so is the water heater. Even the washer and dryer is still there! The bank will be looking at offers in 3 more days so you still have time to look at it.
One last thing…the pictures do not do this place justice…..it’s much nicer than the pictures in the mls.
Call for a showing anytime 310 699 8428

The Never Ending Price Chop

Malibu Real Estate — Tue, 01 Mar 2011 22:34:51 +0000

20, 19, 18, 17 …..No, it’s not a count down to a rocket launch at Cape Canaveral. It’s the millions of dollars being chopped off the asking price of a home in Malibu. The beach front estate, located on the Encinal bluffs, started out at $20m and is now bank-owned and listed at $8.9m! I don’t think the countdown can go too much lower as the home itself is very nice and comes with an additional, separate apn, that is advertised as having “potential for future development.” From the MLS “OVER $2,000,000 PRICE REDUCTION!!! BANK OWNED FORECLOSURE! OUTSTANDING OPPORTUNITY TO OWN A BANK OWNED BEACH FRONT REO WITH A PREMIER LOCATION ON THE ENCINAL BLUFFS IN MALIBU. FANTASTIC LOCATION PROVIDES SENSATIONAL COASTLINE AND OCEAN VIEWS WITH TWO LEGAL LOTS TOTALING OVER 1.6 ACRES. EXPANSIVE DECKS WERE BUILT TO ENHANCE THE ENJOYMENT OF THIS OCEAN FRONT OASIS. THE LOWER DECK OFFERS DIRECT AND PRIVATE ACCESS TO THE BEACH! RECENTLY REMODELED/REBUILT, THIS PRIVATELY GATED, SINGLE LEVEL ITALIAN VILLA BOASTS SOARING WOOD BEAMED CEILINGS, BEAUTIFUL LIMESTONE FLOORS, AND AN OUTSTANDING GREAT ROOM FOR ENTERTAINING. THE RESIDENCE LIES ON THE LOWER (BEACH FRONT) OF TWO LEGAL PARCELS, WHILE THE UPPER PARCEL IS CURRENTLY VACANT, AND HAS POTENTIAL FOR POSSIBLE FUTURE DEVELOPMENT. A TRUE COMPOUND OPPORTUNITY AWAITS TO OWN THIS UNIQUE OCEAN FRONT PROPERTY THAT IS PRICED TO SELL NOW!”
Like this article??? For the “Low Down on the High End” in Malibu subscribe via the RSS feed button on the right or here. We break news like this all the time so subscribe and be the first in the know.

For seriously straight talk about actually buying or selling a home in Malibu, call me on my cell at 310 699 8428 anytime 7am to 10pm.

listed with Jordan Cohen

Smoking Deal Alert for Malibu Condo

Malibu Real Estate — Fri, 18 Feb 2011 19:52:53 +0000

Deal alert! New to the market just a few hours ago…..4 bedroom condo for sale in Malibu for $370,000! Here’s the low down….Bank owned unit located in the Malibu Villas near Paradise Cove. Appliances were stripped out and it needs some fixin, BUT it’s a nice unit with ocean views and a short stroll to the beach. It’s on the first row which means you’ll get some PCH noise, but rent the place out to a bunch of Pepperdine kids who probably won’t even hear it, sit back and collect rent checks! This is the least expensive 4 bedroom condo for sale in all of Malibu.
8:38pm update. Offers are starting to come in but there is still time, this weekend to write. The kitchen has nice cabinets, a nice stainless sink, and really nice countertops. The master bath has a spa tub and radiant heat floors. There are two 80 gallon new water heaters in the garage.The bad…..all appliances gone, toilet is missing, faucets are gone, and even a few light fixtures are gone. There are some cracks and things in the walls too. Still, it would be a great rental for college kids. My guess is that it going to take 10k-30k to get the place livable again.

Call for a showing. I can show it any time and I’ve already got two scheduled for today.
Email Me to get all properties in Malibu on my Bank Owned/ Foreclosure/ Short Sale list. There are 40 right now within the Malibu real estate market. You can run your own reports anytime on the link above called Foreclosures.

Like this article??? For the “Low Down on the High End” in Malibu subscribe via the RSS feed button on the right or here. We break news like this all the time so subscribe and be the first in the know.

For seriously straight talk about actually buying or selling a home in Malibu, call me on my cell at 310 699 8428 anytime 7am to 10pm.

listed with D. Carroll Prudential Malibu

Current Malibu Foreclosures Bank Owned List

Malibu Real Estate — Wed, 02 Feb 2011 19:09:02 +0000

Created Wednesday 11:03AM Email Me to get all properties in Malibu on my Bank Owned/ Foreclosure/ Short Sale list. There are 40 right now within the Malibu real estate market. You can run your own reports anytime on the link above called Foreclosures.

Like this article??? For the “Low Down on the High End” in Malibu subscribe via the RSS feed button on the right or here.

For seriously straight talk about actually buying or selling a home in Malibu, call me on my cell at 310 699 8428 anytime 7am to 10pm.

Malibu Real Estate Blogs New Foreclosure Section

Malibu Real Estate — Sat, 04 Dec 2010 06:29:07 +0000

We just added a new section to the Malibu Real Estate Blog that will give buyers an incredible new tool when searching for foreclosures, bank owned homes, or auctions in Malibu. Click here to try the new google map based search. Here are some screen shots from todays reports.

Malibu List of REO, Bank Owned, Short Sales At 15 Now.

Malibu Real Estate — Thu, 14 Oct 2010 14:47:09 +0000

There are currently 15 Malibu homes for sale on my bank owned, REO, or short sale list (up from 14 last week). All you have to do is email me and I can send you the list. E-mail Me! I will also sign you up for an alert program that will give you morning updates on any property that hits the market that’s distressed. Wait, Watch, Then Strike!

The best deal out there right now for a “family home” is a house on Bridella. It’s a 5 bedroom home for $749,000! Call 310 699 8428 for a showing or to talk about Malibu homes for sale.

Listed with Sharon J Hetrick REMAX