Feb 5th

Any Great Deals on Homes in Foreclosure in Santa Barbara?

2008

Categories: Buyer's Resources & Advice, Foreclosures & Bank Owned, Santa Barbara

This seems to be a common question I get here lately in Santa Barbara and Montecito, mainly from first-time home buyers and investors.  Like many things in life though, it simply depends. The common myth out there seems to universally be that homes in foreclosure must be the best opportunities to buy a cheaper home or get a "great deal".  Here is the big problem with this line of thought, at least in a town such as Santa Barbara or Montecito. First, when you see statistics in the newspapers or online about foreclosures in the Santa Barbara area, it almost always refers to... Read more

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