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Feature Article #1

THE NUMBERS ARE ENCOURAGING IF YOU UNDERSTAND THEM

This is a buyer’s market so obviously the numbers are encouraging to them, not sellers. But, if you think the market is stagnant, if you think people are sitting around waiting, you would be wrong.

It is not unusual for any property under $600,000, but especially for a bank owned one to have 6 to 12 [...]

Adam | August 18th, 2008 | Continued

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Feature Article #2

MOST OTHER INDUSTRIES ARE IN GOOD SHAPE, AVOIDING THE DOWNTURN

Again, The Kiplinger Editors have interesting data on Southern California.
It is important to mention because again, they are experts on California and their information is regional, not national.
What do they say?
Tourism is getting a huge boost because of how strong the Euro is right now. “High tech will benefit from consumer demand for cell phones, [...]

Adam | August 18th, 2008 | Continued

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Feature Article #3

EXPERTS SEEM TO AGREE ON HOW MUCH FURTHER PRICES WILL DROP…

Real Estate Economics, a homebuilder consulting firm in Irvine has this to say about the Orange County housing market: “Opportunity/Risk Index currently resides slightly below equilibrium, but the trend is toward equilibrium.

Any O/R index above equilibrium represents market opportunity, and any index number below equilibrium represents market risk…
Within 12 months, (the O/R) index should reach [...]

Adam | August 18th, 2008 | Continued

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Feature Article #4

IT’S IMPORTANT TO UNDERSTAND THE HOUSING MARKET REGIONALLY AS OPPOSED TO NATIONALLY

This is probably the biggest hurdle the real estate industry has to get over in the minds of consumers. Unfortunately a lot of the news out there is the dismal outlook for national housing.

Regions such as the mid-west, specific cities such as Detroit, or sub-prime havens such as Riverside and San Bernardino or even Las [...]

Adam | August 18th, 2008 | Continued

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Feature Article #5

Two of five subprime borrowers who got help defaulted again

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Increasingly, the world’s leaders are resembling the Ancient Roman Circus: causing problem-after-problem, finding a scapegoat and then offering a solution that only makes matters worse.

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Reading the Hanley Wood Market Intelligence website’s housing sector statement is like reading the report card of a failing student. Hanley Wood has reported that from February 2006 to May 2008, [...]

Adam | August 18th, 2008 | 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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A Mistaken Loan Modification Saves a Couple’s Home from Foreclosure

After a long and arduous process, the Coffman family managed to save their home from foreclosure. They had been negotiating for about 6 months with Country Wide Financial.
Country Wide is one of the nations largest mortgage financers. These days many mortgage companies are beginning to come to the aid of homeowners that are close to [...]

18Aug2008 | Adam | 0 comments | Continued
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Congress offers $300 Billion Bailout to Mortgage Giants!

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 shouldn’t have made in [...]

18Aug2008 | Adam | 0 comments | Continued
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Early foreclosure filings dip in June for Orange County

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.Â
RealtyTrac, the Irvine-based market tracker, reported that banks filed 2,431 notices of default (NODs), down 7% from the previous month. The other source, Foreclosures.com, reported that lenders filed [...]

18Aug2008 | Adam | 0 comments | Continued
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Rare dip for O.C. supply of distressed homes for sale

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 foreclosures or short sales.Â
Note:
· This is only [...]

18Aug2008 | Adam | 0 comments | Continued
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Builders shave $430,000 off new O.C. housing prices

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.Â
These figures, provided by Costa Mesa-based Hanley Wood Market Intelligence, are significant [...]

18Aug2008 | Adam | 0 comments | Continued