Do Commercial Property Owners Get a Free Pass? - 08/27/10 12:23 AM

The August 25th edition of the Wall Street Journal Digital Network contained an article entitled Commercial Property Owners Choose to Default.
The article reported that several large commercial property owners with high-profile names such as Macerich Co., Vornado Realty Trust and Simon Property Group Inc. have recently stopped making mortgage payments to put pressure on lenders to restructure debts. In many cases they have walked away, sending keys to properties whose values had fallen far below the mortgage amounts, a process known as "jingle mail." These companies all have piles of cash to make the payments. They are simply … (5 comments)

Do Commercial Property Owners get a Free Pass? - 08/26/10 11:24 AM

The August 25th edition of the Wall Street Journal Digital Network contained an article entitled Commercial Property Owners Choose to Default.
The article reported that several large commercial property owners with high-profile names such as Macerich Co., Vornado Realty Trust and Simon Property Group Inc. have recently stopped making mortgage payments to put pressure on lenders to restructure debts. In many cases they have walked away, sending keys to properties whose values had fallen far below the mortgage amounts, a process known as "jingle mail." These companies all have piles of cash to make the payments. They are simply … (0 comments)

Villa Park, CA Beauty..PRICE SLASHED! - 08/21/10 06:48 PM

 
THIS JUST IN..
This fabulous 6BR, 4BA plus HUGE finished gameroom home with luxurious custom pool, spa, built in BBQ area and much more is now priced for IMMEDIATE SALE!  The owners have instructed us to chop $111,000 off the listing price.  That's a nearly 10% reduction!
This sprawling beauty offers approximately 4,000 sq. ft. of living space, making it perfect as a large family compound!  Situated on a roomy half-acre lot with peek-a-boo view, there's plenty of space for backyard parties!
If you're looking for the buy of a lifetime in one of the nicest parts of VILLA … (0 comments)

Villa Park CA Open House, This Sunday 1:00 - 4:00 PM - 08/20/10 01:39 PM

Don't miss seeing this terrific home nestled on a cul-de-sac with just one other home on one of Villa Park's finest private streets! Stop by the Open House this Sunday, 8/22 from 1PM to 4PM and presented by Michael Sebastian of OC Signature Properties, Inc.
Situated on a half-acre of land, there's plenty of room to roam! This wonderful family compound features 6 BR and 4 baths amid the approximately 4,000 sq. ft. of living area which also includes a huge upstair game room and retreat. The gourmet kitchen overlooks a resort-like back yard with a gorgeous newer pool and … (0 comments)

Foreclosed homes attract professional investors - 08/20/10 11:26 AM
As reported in the Los Angeles Times this morning, professional investors are  turning to foreclosed properties, seeking big profits once the homes are refirbished and "flipped".
These foreclosed homes, sold on the steps of the County Courthouses usually draw a small crowd of amateur investors seeking an investment they can buy with savings or maybe an equity line drawn on their primary home. 
Increasingly however professional investors, primarily private equity funds and groups of wealthy individuals have appeared on scene squeezing out the individual investor.  These professional investment groups have rushed in, partly because of sparse investment opportunities elsewhere.
"In crisis … (2 comments)

Serrano Heights, Orange, CA home sold - 08/16/10 07:55 PM
This beautiful 4BR, 3BA home on Skyline Dr. in Serrano Heights was sold in less than 60 days! 
Serrano Heights is one of the most desirable communities in Orange, CA.  This picturesque hillside community consists of just 1,171 residential homes tucked into hillside enclaves above Villa Park and just west of Anaheim Hills. This family planned community also features nearly 200 acres of preserved open space and includes parks, mountain trails and more, set among varying properties from budget-friendly attached homes to expansive, luxurious homes with sweeping, unobstructed views.
Michael Sebastian and OC Signature Properties are experts in Orange, CA, Villa … (0 comments)

Open House in Villa Park CA, 9491 Sandra Cir, Sunday Aug 8! - 08/06/10 07:15 PM

 
Don't miss seeing this terrific home nestled on a cul-de-sac with just one other home on one of Villa Park's finest private streets! Situated on a half-acre of land, there's plenty of room to roam!
This wonderful family compound features 6 BR and 4 baths amid the approximately 4,000 sq. ft. of living area which also includes a huge upstair game room and retreat.  The gourmet kitchen overlooks a resort-like back yard with a gorgeous newer pool and spa. Priced at just $1,199,000, with plenty of financing available for qualified buyers!
 
Visit this home on Sunday, Aug 9th, … (0 comments)

 
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Michael Sebastian

Orange, CA

More about me…

Keller Williams Realty

Address: 19631 Yorba Linda Blvd, Yorba Linda, CA, 92886

Office Phone: (714) 584-2742

Cell Phone: (949) 795-3989

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