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reos: Orange County's Median Home Price Hits 17 Month High - 01/15/10 12:18 AM
According to data from Data Quick, OC's Median Home Price is at it's highest point in well over a year.
If you are thinking about buying here in the Southland, now is better than later...get off the fence while rates are still low...these conditions won't last forever and if you are a first time buyer, you have a $8,000 tax credit staring you in the face UNTIL April 30, 2010. 
You have been warned!!
 
More information:  http://lansner.freedomblogging.com/2010/01/08/oc-home-price-at-17-month-high/51091/
(1 comments)

reos: The "Catch" To a Short Sale, a Novella by Richard Gayle - 01/22/09 02:13 PM
“The ‘Catch’ to a Short Sale”
 
A novella by
 
Richard Gayle
 
Forward:  This story is for the prospective buyer of a property being sold as a short sale.  This is not for the prospective seller, although there is nothing I wish to keep secret from a prospective short sale seller.  It’s just that this is more for the buyer--what they can expect when considering and perhaps pursuing the purchase of a short sale.
 
In the Beginning:
 
Mr. Smith didn’t know what lay ahead of him when he bought his home.  Or that his heart’s desire would … (2 comments)

reos: The Death of the $0-Down Home Loan? - 01/20/08 09:58 PM
I represent a buyer who was pre-approved for a CALFHA $0 down loan!  6% .  And with a seller concession of 3%, she can get into a home with $0 out of pocket!
Is this one of those evil, sub-prime loans that going to exponentially jack up her payment in a year or two resulting in another foreclosure?  NO!  I am perennially opposed to  such an awful product!  This is a CalFHA loan.  And for those of you who can remember way back when, the CalFHA used to be a bear to deal with…not so anymore!
Instead of an indefinite period … (1 comments)

 

Richard Gayle, Broker

Tustin, CA

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The Real Estate Marketplace

Address: 13681 Newport Blvd, Ste. 8235, Tustin, CA, 92780

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