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C.A.R.’s Open Letter on Short Sales – No Surprises and No Solutions

Today the California Association of Realtors (C.A.R) published a full page open letter advertisement in seven of the state’s most widely circulated newspapers to address the short sale crisis faced by homeowners throughout the nation and in the state.  The letter can be found on the C.A.R. site, although it’s not  the exact version as [...]

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C.A.R. Attempts To Improve the Short Sale Nightmare

I received an interesting email today from the President of the California Association of REALTORS (C.A.R.), Beth Peerce.    It was to notify C.A.R. members of an initiative that they will be launching tomorrow in an attempt to ‘improve the short sale process’.  The email in its entirety is as follows: March 9, 2011 Dear Linsey, [...]

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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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What’s the Value of a Cash Offer?

The real estate market is a strange world right now.  It’s plagued by distress sales, foreclosures, a challenging lending environment, and economic uncertainties, and yet there are certain price points where inventory is so low that sellers are receiving multiple offers within days of listing.  If the home is priced right and it’s under $500,000 [...]

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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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So You Want to Buy a Short Sale? A Word of Caution

This post is LONG, but if you are thinking of buying a short sale (or if you’re an agent looking for an outlet for your short sale frustrations),  PLEASE read.  Understanding this information is a must. I completely understand the allure of the short sales when you are a buyer.  The prices are attractive and [...]

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Microscope on the Market – Laguna Niguel

So many of the media numbers focus on Orange County performance, but real estate performance can vary dramatically within our large county, and particularly at various price points. Today’s Microscope on the Market focuses on the Laguna Niguel real estate market. Homes Under $500,000 # of Sales Short Sales Bank Owned Equity Sellers Active 119 [...]

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Microscope on the Market – Rancho Santa Margarita

When you are looking to buy a home in Orange County, or anywhere else for that matter, it is critical to drill down into the numbers for the sector of the market that you are looking at.  Orange County numbers are wonderful benchmarks to know, but our market is made up also of submarkets within [...]

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2008 Housing Review and 2009 Predictions

Steven Thomas, President of Altera Real Estate recently released his latest Orange County Housing Report and it is definitely worth taking the time to review if you are curious about how the 2008 housing market finished and the possible outlook for 2009. It’s a very comprehensive summary. I would encourage you to review the charts [...]

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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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