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The Good, The Bad, & The Ugly in South Orange County Real Estate

Over the course of the last several months, I’ve become really interested in the way this housing market has impacted individual neighborhoods in South Orange County.  It’s become clear that the makeup of a neighborhood, the strength of the buyers from the last decade, the age of the community, the local amenities, it’s overall stage [...]

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Is There Such a Thing as a ‘Short’ Short Sale? Yes…If You Have the Right Lender

One of the great oxymorons of the real estate industry is the Short Sale, which has become famous for being anything but short. I’ve been promised 60 days only to have it become 5 months. I’ve had a bank tell me it would likely take 6 months, only to have it take a year. I [...]

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The Home I Rent Was Foreclosed – When Do I Have to Move?

The foreclosures are abundant in Orange County and the impact is felt by many – including tenants.  With the sharp increase in investment purchases during the boom, many of the properties currently in foreclosure are tenant occupied. What Happens When the Home You Are Renting Forecloses? Tenant rights have been addressed in recently weeks under [...]

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Microscope on the Market – Wagon Wheel

Wagon Wheel Wagon Wheel is small community in Trabuco Canyon located off Oso Parkway not far from the south gate of Coto de Caza.  The homes were built in the mid 90′s by Kaufman & Broad who subsidized the original mello roos bonds making it known in part, for it’s very reasonable tax rate. Homes [...]

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Foreclosures Will Be on the Rise

No crystal ball needed here – we are about to see a sharp increase in foreclosures in the coming months.  The foreclosure report for the month of March was recently released by Foreclosure Radar. During the final months of 2008, many lending institutions participated in a voluntary moratorium on foreclosures.  Notice of Defaults (NOD’s), the [...]

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Loan Modifications May Not Be the Answer

This may not be the most politically correct piece that I’ll write but that’s never been my goal here on OC Voice.  So here goes…. One of my clients sent me a link to an article published online on CNBC about ‘Mortgage Re-Defaults Rising with No Sign of Slowing’.  The article states that, “…after 6 [...]

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Foreclosures Making it Tough for the Traditional Seller

Even in a tough market for sellers, there are still those that must sell due to personal circumstances.  Whether it’s a divorce, job relocation, or financial strain – there are still homeowners with equity, that find themselves in the position of having to sell and in this market, that can pose some challenges. I come [...]

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CNN Money Predicts the 10 Worst Housing Markets – 8 Out of 10 in California

This morning I came across an article on CNNMoney.com.  They predicted the top 10 worst housing market for 2009 across the country and California had the unfortunate distinction of having 8 out of 10 spots.  Ranked as number 6 for the worst real estate markets in the country was the Santa Ana – Anaheim area.  [...]

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Tracking the Bust and the Misconception of ‘MEDIAN’

This week Jonathon Lansner did his recap of the Dataquick report on the Orange County real estate market. Where are we today?  And what does it really mean? The Median Sale Price as reported by Dataquick for a home in the OC was $400,000 – which brings us back to May of 2003 if you’re [...]

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It’s a Buyer’s Market – Or Is It?

I did some research for a client tonight and the findings are important to share with readers here.  If you are a serious buyer or seller, this information is telling.  Please stick with the tedium of the stats because the story it tells is meaningful. This particular buyer is looking in Mission Viejo between $450,000 [...]

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