Tag Archives: short sales orange county

Get Ready for Late Summer Deals on Short Sale Homes

Posted on July 7, 2009 by ShortSense

A recent article by Don Lee in the LA Times titled Another wave of foreclosures is poised to strike highlights the wave of foreclosures that is likely to start breaking onshore by late summer.  He cites that the most of … Continue reading →

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What Does the Moratorium Mean for Orange County?

Posted on July 3, 2009 by Minda Reves

The OC Register asks, “Will the moratorium ending impact south coastal O.C. in any way?” The 90-Day Moratorium was pushed into law by the state of California to help slow the flood of foreclosures hitting the market and encourage lenders to work … Continue reading →

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Short Sales No Longer on Shaky Terms

Posted on June 26, 2009 by Minda Reves

We reported it here first folks, short sales will work if you have the right agent and the right paperwork in place. Now, the OC Register is switching its once gloomy short sale song for brighter notes, one savvy OC realtor, said of … Continue reading →

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Should I Do a Short Sale of My Home? eBook is Bogus

Posted on June 25, 2009 by Minda Reves

Hello, we are in a recession. Most people seeking out a short sale don’t need an eBook they need an eRescue! And any savvy homeowner knows the right realtor is what really makes the difference. Heck, even the supposed Orange County authors … Continue reading →

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California at the Forefront of Foreclosures

Posted on June 12, 2009 by Minda Reves

Just read this little nugget over at CNNMoney.com, “The foreclosure problem is widespread but reaches plague proportions in 10 states; those hardest-hit areas account for 77% of all foreclosure filings. California had more than any other state with 92,249 – nearly 29% of … Continue reading →

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Realtors Are On Our Side

Posted on June 9, 2009 by Minda Reves

Last Thursday the California Association of Realtors met in Sacramento, CA. CAR Executive Vice President, Joel Singer, rallied his downtrodden troops, “In a sense, what has occurred is probably in our best interest.” The California house price median drop from nearly $600,000 to … Continue reading →

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Will Future Loan Mod Defaults Increase Short Sale Supply?

Posted on June 5, 2009 by ShortSense

A new study by Fitch Ratings predicts that 55-65% of home loans getting modified will end up at least 60 days behind within a year. The percentage is even higher for those in subprimes with 60-day delinquencies predicted at 65-75%, reports … Continue reading →

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No Need to Live ‘House Poor’ to Land a Luxury Property in the OC

Posted on June 3, 2009 by Minda Reves

Yesterday’s news that first-time homebuyers can take immediate advantage of the $8,000 HUD tax credit for use towards their down payment and closing costs may have you eager to join other SoCal residents in getting more house for their money by entering … Continue reading →

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Hip, Hip, HUDray! Use That $8K Today

Posted on June 2, 2009 by Minda Reves

So, you’ve probably heard about the $8,000 tax credit available to first-time homebuyers. Well, the real drag about this offer was that buyers had to wait until tax refund time to see that eight grand and didn’t get it right away to … Continue reading →

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And Now a Message from the California Association of Realtors

Posted on June 1, 2009 by Minda Reves

In April, California home sales were up and prices were down, and C.A.R. has the stats to prove it, “Home sales increased 49.2 percent in April in California compared with the same period a year ago, while the median price of an existing … Continue reading →

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