Tag Archives: short sales orange county

What the Glink Are You Talking About?

Posted on May 29, 2009 by Minda Reves

Ilyce Glink over on ’s MoneyWatch.com blog is bellyaching that home prices are still falling. While, this is not the best news, it has increased affordability and made it possible for many young families to buy their first homes. In these tough times, … Continue reading →

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Short Sale and Foreclosure “Homes Almost 20% Cheaper”

Posted on May 26, 2009 by Minda Reves

The reports are in and CNNMoney.com has this to say about the first quarter of 2009’s housing market, “the S&P/Case-Shiller National Home Price index, a bellwether of real-estate market direction, plunged a record 19.1% during the quarter compared with the first three months … Continue reading →

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Don’t Bank On It: Banks Struggle to Sell Properties in Cali

Posted on May 22, 2009 by Minda Reves

This probably isn’t news to our devoted Orange County readers, but I’ll put it out there anyway, Mathew Padilla over at the OC Register’s Mortgage Insider is reporting “bank owned homes sell slowly on the coast.” He lists a few reasons for … Continue reading →

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A New Wave of Short Sales Coming

Posted on May 21, 2009 by ShortSense

There have been a lot of articles written lately about the coming wave of option ARM resets that are set to occur mostly between 2010-2012 (investment bank Credit Suisse has a detailed research report available for clients). The Option ARMs … Continue reading →

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Current Orange County Market is a First Time Homebuyers’ Paradise

Posted on May 19, 2009 by Minda Reves

MSNBC spoke to the CEO of RealtyTrac, James Saccaccio, located in our own backyard of Irvine, California. What’d James have to say? “Sales activity appears to be increasing in some of these hard hit markets as home prices have fallen to levels that are … Continue reading →

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Sluggish Market Spurred by Uptick in Home Improvement Stock

Posted on May 18, 2009 by Minda Reves

 In the optimistically titled article, “Wall Street throws a house party,” CNN reports that Lowe’s CEO, Robert Niblock, sees an end in sight to the housing decline,  “In recent weeks we have seen consumer confidence improve, housing turnover show signs of … Continue reading →

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Breaking the Bank: Paving the Way for Shorter Short Sales

Posted on May 15, 2009 by Minda Reves

Real Estate agents, homeowners, buyers and communities across the nation just can’t make sense of it, if a short sale is more beneficial to everyone involved, including the banks, then why are foreclosures more prevalent in the marketplace? Trust me, the banks aren’t … Continue reading →

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Kick Appeal to the Curb

Posted on May 15, 2009 by Minda Reves

Typically those seeking to do a short sale are short on cash and time. However, as Kiplinger.com points out, “with existing homes selling at the slowest rate in a decade, if your house will be on the market, you can’t afford not to … Continue reading →

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Short Sales – Know Before You Go

Posted on May 12, 2009 by Jim Malmberg

Everybody loves a bargain. That’s why a lot of home shoppers in Los Angeles and Orange Counties are looking at short sales as a way to get into neighborhoods that they could only dream about a year ago. But there … Continue reading →

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