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Distressed Properties Continue To Dominate O.C. Market
The latest reports on Orange County homeowners shows that 14.4% were underwater in the 4th quarter of 2009. Homes with mortgages larger than the current value of the home were used in this calculation.
Distressed properties currently account for 33% of the market in Orange County. Out of all home sales that took place in Orange [...]
Bad News Again For Fullerton’s Snow Day
Rainy-day forecasts for this weekend have forced Fullerton activity coordinators to
postpone their Snow Day event for the second time this year. The new Snow Day date is February 13. The time will remain the same – 12pm to 3pm – and it will still be taking place at theBrea Dam Park, 1700 N. Harbor [...]
Renting In Newport Beach Is Like Buying A Mortgage
The average Newport Beach apartment rented for $1,902 a month in the last three
months of 2009 – just $400 less than the typical Orange County mortgage payment. Landlords in Newport cut rents by 2.2%, to try to fill the 5.8% vacancy rate.
Countywide the average rent was $1,473. Newport Beach, Irvine, Aliso Viejo, Costa Mesa and [...]
O.C. Cities Account For 4 Top Cities In CA
According to the California Association of Realtors, Orange County had four of the top cities in the state for median home price gains in December.
Topping the list was Laguna Hills with a 62.9% jump, followed by San Juan Capistrano, Tustin and Costa Mesa. Overall the median price of O.C. homes in December was $496,070, [...]
Is Your Home Covered In The Storm?
The Insurance Information Network of California answers some frequently asked questions about what is covered on you homeowners’ insurance policy. Read up as the storms keep rolling in!
Q: Storm caused a tree to fall on my home. Does my homeowner insurance policy cover the damage?
A: Yes. The damage to your home would be covered, and most [...]
10 Ways To Prepare Your Home For a Quake
The Insurance Information Network of California has come out with a list of 10 things homeowners can do to try and prepare for potential earthquakes. With the recent seismic activity in our area – and throughout the world – it wouldn’t be a bad idea to read through list and see what small changes can greatly [...]
19Jan2010 | Adam | 0 comments | Continued
Short Sales Popular Choice For Struggling Homeowners
Last week there were 2,180 active short sales on the market in Orange County, which was a 1% increase from two weeks earlier. There was another 7,000 short sales that were either on hold or were active listings pending sales.
Short sales must be approved by a bank therefore all short sales listed are not [...]
Big Landlords Cutting Rent To Fill Vacancies
Big landlords are lowering rents to try to fill the empty apartments they have. New statistics show that as many as 2-in-3 big landlords are cutting the rents in order to fill vacancies.
Of the big landlords surveyed, 71% have experienced significantly higher vacancy rates over the last year. To help fill these vacancies 69% of the [...]
O.C. Developer Opens World’s Tallest Building
On January 4th Dubai real estate developer Emaar officially opened the largest building in the world. At the peak of the American housing boom Emaar lost $1.6 billion by buying Orange County homebuilder John Laing in 2006. Currently Laing is being liquidated in bankruptcy court.
The buildings’ opening was attended by Dubai’s rulers and thousands of [...]
14Jan2010 | Adam | 0 comments | Continued
Executive Agree To 94% Pay Cut To Help Save Company
The co-founders of Pacific Property Assets are trying to keep their company afloat by agreeing to have their pay temporarily cut by mid-January and reduced by 94% by April.
Michael Stewart and John Packard had been earning $750,000 a year each before their firm defaulted on roughly $215 million in loans. In June, the firm sought Chapter [...]
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Great info, thanks for sharing. Not much would be selling in Charleston SC if we did not have the FHA ...
I discovered your homepage by coincidence.
Very interesting posts and well written.
I will put your site on my blogroll.
:-) 
Nice writing style. Looking forward to reading more from you.
Chris Moran 
Congrats to Troy!
Aloha,
Keahi 
Very interesting information. It's nice to know that the banks may have a strategy rather than being completely reactive. ...
I found your blog on MSN Search. Nice writing. I will check back to read more.
Eric Hundin 
Hello Adam,
My husband and I participated in this years car show for the first time. My husband entered his ...
These are just a few of the things that should be taken into consideration when you are looking for a ...
I think one thing that many people underestimate is the time and money that goes into restoring an old house. ...
FHA loans over 95% require 2 apprisals with the new guidelines. The banks apparently value their opinion.