We are seem to get a lot of calls from clients looking for distressed properties, especially bank owned and short sale transactions. Another type of a distressed sale to keep in mind when looking for a home are homes listed as a Bankruptcy Court Sale. A perfect examples of this is current listing in Laguna Beach that may be a good deal for the right buyer. The home is currently in the middle of a renovation as the picture below displays and also features wonderful ocean views as well. It's located in the Alta Vista neighborhood in Laguna Beach which is a short driving distance down to the beach from many of the homes here.
This type of sale often requires the approval from the Bankruptcy Trustee as well as Court confirmation and overbid procedures.
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