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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 has extensive experience in all aspects of the foreclosure process. Investors rely on his knowledge and experience to help them identify and capitalize on distressed properties.

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O.C. Homes Sales Down For Million-Plus Homes

February 11th, 2010 • Related • Filed Under

In 2009 only 2,448 homes were sold in Orange County at prices of $1 million or more. That is a home14.5% decrease from 2008 when 2,862 homes were sold.

Compare those figures to 2007 when 5,200 million-plus homes were sold. This large decrease in number of homes sold is a product of the recession ad well as many home values being decreased.

About 1,900 of the homes that sold statewide last year for less than $1 million had previously sold for $1 million or more. The median price for those homes declined by about $420,000, or 35%.


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