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Fun in Fullerton
CSUF HOMECOMING FESTIVAL 2012
(in case you missed it)
Titan alumni, students, parents and friends gathered for the Homecoming Festival and men’s basketball game against UC Santa Barbara on Saturday, February 4. The festivities mark the fifth anniversary of this Titan tradition and welcomed more than 1,000 attendees to the festival and 3,224 game attendees for this ESPNU televised game.
This year's event was a family affair with an expanded offering of activities for children and adults. Young Titans had an afternoon of bliss jumping in the bounce house, playing carnival games at the Associated Students/Titan Tusk Force booths, getting a balloon animal crafted for them and paling around with mascot Tuffy. "Homecoming rocks!" enthused Shelley Doidge, spouse of Robert Doidge '90. The Doidge family brought children Kathleen (10) and Patrick (12). When asked about the expanded family activities this year Doidge said, "The kids are having fun. Kathleen has been spending her time at the carnival games and Patrick loves the game truck."
Current student Titans came out in support with more than 600 students participating in the fun as well. A giant basketball toss, jousting ring, video game truck and photo booth kept them busy between eating In-N-Out and great performances by the CSUF Varsity Band, Cheer Squad and National Championship Dance Team. Students Shilpa Patel '11, Aimee Ruaburo '13 and Illene Delosreyes '12 attended the event for the first time this year and said that the Homecoming Festival was "awesome and fun.”
Alumni also had the opportunity to see the changes to campus and show off their alma mater to their family members. Campus tours were provided, giving a close-up look at the new Steven G. Mihaylo College of Business and Economics building, a view of the impressive facelift to the Alumni Lounge and a peak at the new student housing facility and dining hall, “The Gastronome.”
Homecoming 2012 would not have been complete without the exhilarating game between the CSUF men’s basketball team against UC Santa Barbara where the Titans had a come-from-behind 99-86 Big West Conference victory. The game hosted a crowd of 3,224 - the largest Titan Gym crowd in seven years.
In honor of the 50th Anniversary of the “First Intercollegiate Elephant Race in Human History” held at Cal State Fullerton in 1962, a mock elephant race sponsored by Liberty Mutual Insurance was held during half-time.
Homecoming 2012 was proudly sponsored by Liberty Mutual and co-sponsored by Associated Students Inc., ASI Productions, Cal State Fullerton Alumni Association, In-N-Out Burger, New Student Programs, OC Choice Catering, Titan Athletics, Titan Athletics Club, Titan Shops, and the Titan Tusk Force.
from http://www.fullerton.edu/homecoming/
Adam Brett
The Adam and Eric Team
Orange County Real Estate
Tel: 714.496.8116 | Fax: 714.849.5798
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Foreclosure Deals
Harder To Find
 Bank-owned homes and other foreclosure resales made up a smaller proportion of Orange County transactions in 2011 than in prior years, a sign that distressed homes are less of a drag on the local housing market.
An average of 22.8% of the homes sold in O.C. last year had been through foreclosure in the previous year – the smallest proportion since 2007, figures from DataQuick show. The bulk of those homes are bank-owned repossessions.
Foreclosure resales’ proportion of the market was down from 23% in 2010 and down from 32% in 2008 and 2009.
However, foreclosure resales were up in the latter half of 2011 after dropping earlier in the year. Foreclosure resales fell to 19.3% of the market in July before rebounding to around 23% at year’s end.
By comparison, foreclosure resales made up an average of 33.7% of all Southern California home sales last year and 35.8% of all home sales statewide, DataQuick figures show.
Sellers of bank-owned homes, foreclosure resales and homes going for less than is owed on the mortgage tend to be more motivated to sell and are more likely to drop their prices. That in turn, causes others to reduce their prices as well to compete.
Article by Jonathan Lansner & Jeff Collins
Adam Brett
The Adam and Eric Team
Orange County Real Estate
Tel: 714.496.8116 | Fax: 714.849.5798
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Californians to Get Up to $18 Million in Mortgage Relief in Settlement With Nation’s Biggest Lenders
A $25 billion multi-state agreement with major banks over a document signing scandal will bring struggling California homeowners badly needed help in the form of in principal reductions and other relief, California Attorney General Kamala Harris announced Thursday.
"California families will finally see substantial relief after experiencing so much pain from the mortgage crisis," Harris said in a statement. "Hundreds of thousands of homeowners will directly benefit from this."
But thousands more homeowners will still need help, Harris said, including those whose loans are held by two government sponsored mortgage giants, Fannie Mae and Freddie Mac, which control more than 60 percent of the mortgages issued during the housing bubble. The two companies have resisted principal reduction.
"I will continue to fight for principal reductions for the approximately 60 percent of California homeowners whose loans are owned by Fannie Mae and Freddie Mac," Attorney General Harris added.
The settlement, announced in Washington by the U.S. Housing and Urban Development Department and the Department of Justice, is for $25 billion. Harris' office said that California's portion of that is $12 billion, which is the amount banks will receive credit for, at a rate of 10 cents on the dollar. California homeowners will see actual mortgage relief of up to $18 billion, the attorney general's office said. Nationally, the potential relief is up to $40 billion.
Housing Secretary Saun Donovan said the banks have key reforms in the mortgage process that will give borrowers added protection.
"One of the most important ways this settlement helps homeowners is that it forces the banks to clean up their acts and fix the problems uncovered during our investigations," Donovan said.
Under the new servicing standards, banks must evaluate homeowners for loss mitigation options before foreclosing, which is to come as a "last resort," according to HUD.
Banks will be restricted from foreclosing while homeowners are being considered for loan modifications, and homeowners will have the right to appeal denials. A single point of contact will be created for borrowers inquiring about their loans.
The California Mortgage Bankers Association said the agreement "will hopefully end a period of uncertainty."
The agreement, concluding a year negotiations, penalizes five large lenders for robo-signing and servicing and foreclosure misconduct. The attorney general said it gives California:
- More than $12 billion in principal reductions or offers of short sales to about 250,000 California underwater homeowners or who are behind in their mortgage payments.
- $849 million for refinancing the loans of 28,000 homeowners who are current on their payments but underwater on their loans.
- $279 million for restitution to 140,000 California homeowners who were foreclosed upon between 2008 and December 31, 2011. This will be in checks estimated at $1,500 to $2,000 per former homeowner.
- $1.1 billion for payment forbearance and transition assistance to unemployed homeowners, and assistance to communities to repair neighborhoods blighted by 16,000 recent foreclosures.
- 3.5 billion in relief to 32,000 homeowners with unpaid balances when their homes are foreclosed.
- $430 million in costs, fees and penalty payments.
The agreement includes incentives for banks to reduce the principal mortgage balance of underwater homeowners in California's hardest-hit counties within the first year of the settlement.
Among the counties receiving reductions are Los Angeles: $3.92 billion; Riverside: $1.59 billion; San Bernardino: $1.13 billion; Sacramento: $820 million, and Stanislaus County: $368 million
The agreement is part of a national multi-state settlement with five banks -- Wells Fargo, Bank of America, JP Morgan Chase, Citigroup and Ally Financial.
Harris left the negotiations last September when California's share of the deal was only $4 billion, according to a statement released by her office. She returned to negotiations only recently. The larger deal added $6 billion to the amount other states will receive, her office said.
Failure to live up to the principal reduction part of the agreement will trigger cash payments to the state of up to $800 million by the banks, which California can seek in state courts.
Harris said she is expanding the Attorney General's Mortgage Fraud Strike Force, which already has 42 members, and she said she will continue an investigative alliance recently announced with Nevada.
The attorney general said she will propose legislation to protect homeowners, including a single point of contact with banks for mortgage-holders and an end to the frustrating practice by banks in working with homeowners on mortgage modifications while at the same time preparing to foreclose.
"This is an historic amount of relief for California homeowners, but it is one piece of a broader focus. We will continue our crackdown on mortgage fraud and quickly move to pass legislation that will simplify, reform and upgrade our broken mortgage system," Harris added.
Additional details on the settlement, including how homeowners can apply for relief, can be found at www.oag.ca.gov.
Article by Pete Carey
Adam Brett
The Adam and Eric Team
Orange County Real Estate
Tel: 714.496.8116 | Fax: 714.849.5798
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4 Steps To Buying A Home in 2012
1. Fix credit problems. More deals than ever are dying on the vine, and credit problems are a top reason home-sale transactions fall out of escrow. Detect and correct errors on your credit report now by reviewing the federally mandated free reports you can get at AnnualCreditReport.com.
2. Study up. Do some research, both online and offline, into things like:
Areas: Start your online research into decision points like tax rates, school districts, neighborhood character and even prices in various areas. Check out NabeWise.com for some local insight into neighborhood flavor and personality.
When you start connecting with local agents, ask them to brief you on neighborhood market dynamics. They can give you a deeper view into need-to-knows like how long homes typically stay on the market and whether they generally go for more or less than the asking price, so you can be smart about how you search vis-à-vis what you have to spend.
Agents: This is the perfect time to ask your family and friends for a referral to an agent they know, have used and love. Then, follow up by doing an online search for the agent's name and seeing what sort of online reviews and activities you find. When you've narrowed the field down to a few, call them up and set up a meeting to find out if you're a good fit.
Distressed properties: In some areas, more than 40 percent of the homes on the market are short sales and foreclosures, and they involve a very different timeline and set of facts than traditional home sales. Read up and talk with the agent candidates you interview about what you should expect from these types of listings, to minimize surprise and manage your expectations way in advance.
3. Save even more. Sounds like you've worked hard for a number of years to save enough cash that you think you're in the clear when it comes to funding your down payment and closing costs. Studies show that after months of saving, people often let up and relax into a spending season. Even at your early stage in the process, it's easy to start noticing and buying the furnishings and touches you want to install in your new home.
While I don't want you to feel deprived or forgo amazing and affordable deals on things you know you're going to need, I assure you that no matter what amount of cash you have on hand, when you start house
hunting, making offers, closing your transaction or moving in, the time will definitely come when you'll wish you had more.
You might want to ratchet up your offer a bit to best another buyer, or you might just end up with a place that needs a little sprucing up. It might be months before you know exactly what you'll need extra cash for, but now is not the time to press the gas pedal when it comes to your monthly spending.
4. Purge. Now's the time to sell, donate or give away as much of your junk or, excuse me, precious personal possessions as you can. Use the proceeds to pad your cash cushion, or tuck the donation receipts away for your tax records next year.
Start here, and chances are good that your house hunt - and purchase - will be in full swing by spring, if not sooner.
Adam Brett
The Adam and Eric Team
Orange County Real Estate
Tel: 714.496.8116 | Fax: 714.849.5798
My profiles:
Placentia, Orange County
Real Estate Market Reports
& Trends for the Week of February 7
The following below is an exclusive report that contains real estate trends, graphs, market updates and home sales information for city of Placentia in Orange County. It is the latest report on the real estate market in the city including valuable forecast information for home buyers, sellers and real estate agents. These reports include data for specific zip code area of 92870 for Placentia.
- City of Placentia -
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Adam Brett
The Adam and Eric Team
Orange County Real Estate
Tel: 714.496.8116 | Fax: 714.849.5798
My profiles:
Brea, Orange County
Real Estate Market Reports
& Trends for the Week of February 7
The following below is an exclusive report that contains real estate trends, graphs, market updates and home sales information for city of Brea in Orange County. It is the latest report on the real estate market in the city including valuable forecast information for home buyers, sellers and real estate agents. These reports include data for specific zip code areas of 92821, 92823 of Brea.
- City of Brea -
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Adam Brett
The Adam and Eric Team
Orange County Real Estate
Tel: 714.496.8116 | Fax: 714.849.5798
My profiles:
Fullerton, Orange County
Real Estate Market Reports
& Trends for the Week of February 7
The following below is an exclusive report that contains real estate trends, graphs, market updates and home sales information for city of Fullerton in Orange County. It is the latest report on the real estate market in the city including valuable forecast information for home buyers, sellers and real estate agents. These reports include data for specific zip code areas of 92831, 92832, 92833, & 92835 for Fullerton.
- City of Fullerton -
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Adam Brett
The Adam and Eric Team
Orange County Real Estate
Tel: 714.496.8116 | Fax: 714.849.5798
My profiles:
Real Estate Market off to a Great 2012
We are only one month into 2012 and the activity in the Hermosa Beach real estate market is already heating up. Since the beginning of the year there have been 24 new properties to come on the market of which only six were relists from the previous year and nine of them are already pending sales.
Of the 18 brand new properties to hit the market, the homes range from a two-bedroom townhome in the Moorings Complex on Herondo Avenue for $669,000 to a six-bedroom single family home on Hermosa Avenue with big ocean views for $2,899,000.
There are also several three or four-bedroom townhomes ranging from $969,000 - $1,245,000 in price. This new inventory has given a spark to the beach city market that usually doesn’t receive this much increase in inventory until after Super Bowl weekend.
Currently there are 49 active properties on the market ranging from a remodeled one-bedroom condo in the Appletree Condominium complex for $379,000 to the seven-bedroom/10-bathroom double lot strand home at 2909 The Strand for $14,950,000. The median asking sales price is $1,149,500 and there are also 19 homes in escrow or pending sale in January.
As for closed sales in January 2012, there have been 11 homes sold including 2444 The Strand that closed at $5,850,000, a 6,198 square foot lot with two separate homes with at total of nine bedrooms. There were also two 2-bedroom townhomes that sold for $622,500 and $650,000. Of these 11 sales, only four of them were either a short sale or a bank owned sale. The average sales price was $1,465,045 and average price per square foot is $530.03 and 91 days on market.
The early movement of new listings on the market and the closed sales for the first month of 2012 are great indicators that this will be a strong year for the local real estate market as we steadily climb back up from the "bottom of the market."
Adam Brett
The Adam and Eric Team
Orange County Real Estate
Tel: 714.496.8116 | Fax: 714.849.5798
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1356 Victoria Drive Unit A
Fullerton, California 92831
End unit - single level - clean as a whistle... This Victoria Gardens condo features scraped ceilings and new neutral paint throughout. There is a central fireplace in the huge living rooms which opens to the formal dining room with an abundance of natural light through the many windows and sliding glass door. The master suite features a separate vanity area in addtion to the private bathroom and an additional sliding glass door leading to your private patio. Parking is gated and you have 2 covered carport spots complete with storage. The Victoria Gardens complex features on site laundry and a sparkling pool. Walking distance to shopping,… close to Cal State Fullerton and Downtown - this condo has it all.
View Listing Details & Photos.
Adam Brett
The Adam and Eric Team
Orange County Real Estate
Tel: 714.496.8116 | Fax: 714.849.5798
My profiles:
Happy Huesday
enjoy today’s colorful collection of inspiring homes, disgustingly gorgeous locations opinionated interior designs, and more.
Adam Brett
The Adam and Eric Team
Orange County Real Estate
Tel: 714.496.8116 | Fax: 714.849.5798
My profiles:
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Adam Brett - Fullerton, California Realtor
Fullerton,
CA
More about me…
RE/MAX NOC
Address: 1441 Brea Blvd, Fullerton, CA, 92835
Office Phone: 800977ADAM
Cell Phone: (714) 496-8116
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