Follow-up answer. 20802 Mission was listed for $540k and closed escrow 1/8/2013 for $580k. House/condo inventory is low, interest rates are low, Huntington Beach is in high demand as are many other O.C. cities.
Pricing are going up (Mission is a perfect example) and will continue to go up in 2013. Hurry and buy!
I forgot to mention something in my last response to you, my apologies. You can go to my website for a search link that's tied to the MLS for most up to date listings: http://www.allthingshuntingtonbeach.com. At the top of the landing page is a search link for your convenience.
The home is an REO-corporate owned and only they will know what they will accept. If you do not make an offer on this property, the anwser is no! Try and make an offer, you just might surprise yourself.