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Feature Article #1

FHA Loans Continue To Grow

The Federal Housing Administration insured $27.3 billion in single-family mortgages in April, which is a 85 increase from the previous month which is due to higher mortgage purchase volume. house
In the last month mortgage purchase volume has raised $1.6 billion to $11.7 billion, while refinancing rose by $350 million to $15.6 billion. FHA [...]

Adam | July 2nd, 2009 | Continued

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Feature Article #2

Median Price of O.C. Homes Rose in May

The median price of O.C. homes rose in the month of May. Aided by the slight decrease in the sale of foreclosed and a slight increase in the sale of higher priced home. for sale
Half of all the existing houses and condos sold in Orange County in May were foreclosed homes. When foreclosure re-sales [...]

Adam | June 17th, 2009 | Continued

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Feature Article #3

When Should You Combine Multiple Mortgages?

Q. I currently have a 1st mortgage of $346,955 with 5.125% and 11.5 years left on its 15 years. My second mortgage is $182,403 at 2.9% (but the rate varies). Due to salary cuts in my family we are currently only paying interest-only on the second mortgage. To help with our current cash [...]

Adam | June 17th, 2009 | Continued

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Feature Article #4

FDIC Issues Cease-and-Desist For 2 O.C. Banks

The Federal Deposit Insurance Corp. issued two cease-and-desist orders to banks based in Orange County. The FDIC and a state regulator issued the orders against Plaza Bank of Irvine and fedIndependence Bank in Newport Beach. Both banks are small banks that focus on businesses. The cease-and-desist orders were issued to more [...]

Adam | June 17th, 2009 | Continued

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Feature Article #5

Bella Collina Towne & Golf Club - Orange County’s Premier Golf Destination

The new Bella Collina Towne and Golf Club is shining in San Clemente, South Orange County.

Adam | June 17th, 2009 | Continued

About this Site

Residential Re-Sale, Commercial Properties, Foreclosures and Investments…As a long-time Fullerton resident Adam is intimately familiar with North Orange County neighborhoods. He has extensive expertise in residential real estate, commercial build outs, hard money lending and mortgage banking. As an authorized REO agent for GMAC, CountryWide Home Loans and World Savings he [...]

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Other Recent Articles

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OC Home Prices Expected To Fall 19% More

The latest information release from DataQuick shows that home prices have begun to increase in the recent months. arrow
Home prices in Orange County are likely to fall 19.1% more - the 15th biggest drop out of 100 metropolitan areas in the U.S.A. When the dust settles, O.C. prices will have tumbled 49.7% from [...]

2Jul2009 | Adam | 0 comments | Continued
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Federal Reserve Acknowledges Improvements In The Financial Market

The Federal Reserve has announces that it will allow one of its emergency programs to expire and trim down two other programs. This is sign that the financial markets are beginning to improve fedand is the first step towards terminating all of the Federal Reserve’s unprecedented interventions.
The three programs provide funds or treasury securities [...]

2Jul2009 | Adam | 0 comments | Continued
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More O.C. Hotels File For Bankruptcy

Extended Stay Inc. – which has 10 hotels located in Orange County – has filed for bankruptcy protection. The hotels are staying open and welcoming guests as usual even as they deal with their financial hotelsituation. In a press release they stated “for hotel guests, the story is the same: the same great [...]

21Jun2009 | Adam | 0 comments | Continued
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O.C. Home Prices Expected To Rise in 2010

Professors at Chapman University have release their semi-annual Orange County forecast. arrow
The median income of family in Orange County is $78,500 for 2009, so in order for a homebuyer in O.C. to purchase a median-priced home they would need to allocate 27.4$ of income.
By the third quarter of 2010 the year-over-year percentage changes in [...]

21Jun2009 | Adam | 0 comments | Continued
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Number of O.C. Foreclosures Up In May

For the month of May the banks seized 591 houses and condos in Orange County which is a 22.6% increase from April but at 47.7% decrease from May of 2008. foreclosure
As the chart shows, foreclosures begin to fall after a state law was enacted in September requiring lenders to talk to borrowers about methods [...]

17Jun2009 | Adam | 0 comments | Continued
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O.C. Market Ripe For Home- Sellers

At the current pace of the home buying market in Orange County it would take 7.3 months to sell all the homes that were up for sale in the month of April. There were 10,363 homes listed for sale at the end of April, which is the lowest homenumber of listings since March of [...]

17Jun2009 | Adam | 0 comments | Continued
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OC Home Housing Costs Fall At The Fastest Rate In 13 Years

The amount of money that Southern California residents are paying for heat and electricity is dropping at the fastest rate in 13 years!down
Household energy costs in Orange County fell at a 17.9% in April; it was the biggest decline since June 1996. Gas was down 44% and electricity was down 3%.
Overall the [...]

17Jun2009 | Adam | 0 comments | Continued
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