Congress approved a bailout bill for some borrowers, but like most bills that come out of Washington DC, there are strings attached. First, not everyone who is in trouble is going to qualify for relief. Banks and lending institutions are going to have to take some losses on loans they probably s
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07/30/2008
Two data trackers RealtyTrac and Foreclosures.com, report that notices of default – filings that begin the foreclosure process – to Orange County homeowners dropped in June this year. RealtyTrac, the Irvine-based market tracker, reported that banks filed 2,431 notices of default (NODs), down 7%
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07/30/2008
Steve Thomas, a home market analyst at Re/Max Real Estate Services in Aliso Viejo, reports that the number of distressed properties in Orange County was at 5,894 last week, down 59, or 1%, compared to two weeks prior. Distressed properties are described as those homes listed by agents as foreclo
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07/30/2008
Back in February 2006, the median contract of a new Orange County house was $1.29 million. In May of this year, a new house in Orange County costs $859,880. We have witnessed a drop of roughly $429,000, or 33%, from that peak in 2006. These figures, provided by Costa Mesa-based Hanley Wood Market
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07/30/2008
Back in February 2006, the median contract of a new Orange County house was $1.29 million. In May of this year, a new house in Orange County costs $859,880. We have witnessed a drop of roughly $429,000, or 33%, from that peak in 2006. These figures, provided by Costa Mesa-based Hanley Wood Market
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07/30/2008
The second Quarter has been ugly for foreclosure rates, and there is potential for even more foreclosures in the Orang County area. In only the first and second quarters of this year, foreclosure and default notices far exceded all those of 2007.Within the next few days the Rigister will publish
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07/30/2008
LinksAdams WebsitePhoto GalleryDescriptionStunning Lower Raymond Hills home located on a private Cul-de-Sac. Kitchen with Maple Cabinets & Italian ceramic tile and breakfast nook. New roof in 2002 with main bath remodel. 2nd bath tiled in 2007. Airy, open floor plan with gorgeous oak hardwood flo
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07/25/2008
LinksAdam's WebsitePhoto GalleryDescriptionNewly refurbished - totally redone from top to bottom with new flooring (both carpeting and ceramic tile), granite countertops and new cabinets, appliances, and paint - make this home brand new. The Community sits beside the gently flowing Coyote Creek t
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07/16/2008
LinksAdam's WebsitePhoto GalleryDescriptionNewly refurbished - totally redone from top to bottom with new flooring (both carpeting and ceramic tile), granite countertops and new cabinets, appliances, and paint - make this home brand new. The Community sits beside the gently flowing Coyote Creek t
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07/16/2008
No matter what the reason for putting your home on the market for sale, you want to get the best selling price for it that you can. Summer is the prime season for selling real estate, but last years’ mortgage debacle and resulting foreclosures along with the credit crunch and tighter lending sta
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07/16/2008
