Short-sale negotiators: It is getting ugly out there! - 09/30/10 02:09 AM
In CA the agencies are not kidding when they come out to help consumers.  Loan Modifications and short sales.  This post is on point and it reminds all of us as to the responsibility we have.
Via Sharona Byrnes (Prudential California Realty):
One of the things I absolutely love about my brokerage is our emphasis on training. Our broker and management are constantly looking for important topics on which to talk. Our weekly meetings always contain useful, interesting information that helps us become better agents.
Today was no exception. Today our management began discussing short sales, and, in particular, short-sale negotiators. To be … (0 comments)

Why Short Sales Fail And How To Avoid Short Sale Denial - 09/28/10 01:43 AM
This is the third season of short sales I have been through.  That means I am an experienced and older Realtor.  This blog is correct the difference in success and failure is often is often in what the agent submits to the Bank.
Via Lisa Udy Logan Utah Realtor ( Platinum Real Estate Group):
Original Source: Why Short Sales Fail And How To Avoid Short Sale Denial
Short sales are complicated, time consuming, and stressful to all parties involved. Depending on the bank you’re dealing with, it could take up to a year for a final approval on a short sale.
The fact that … (2 comments)

Listen Up, would ya? - 09/27/10 01:50 AM
I do some of the training at our office from time to time and I have told agents for years that the most important thing is sales is not talking but listening.  Therefore, when I saw this blog I could not help but re-blog.
Via Ilona Matteson (Quantum Training Systems/Coaching):
Keys to Good Listening
 
Want to increase your sales each year?  Learn to be a good listener.  We are probably all aware that we should listen more and talk less, but exactly what do you do to become a better listener?  Check out the ideas below.
 
1)    Take excellent notes. Write … (10 comments)

One West Bank Completed Short Sale and Sell At Auction - Two Owners - 09/26/10 03:47 PM
One West Bank has a big problem it sold an ocean property as a completed short sale and then seld it at a foreclosure auction meaning there are two owners.  Now two owners have title documents that show them as owners.  OOPS!  The couple that purchase the home through the regular process got notice of eviction from the ones that purchase the property at the auction.
Now there is a legal action over the ownership of the property.  There is a lot of finger pointing by One West Bank at the escrow company that closed the property.  The couple have to be defended … (2 comments)

San Clement to Vote in March on Special Election - 09/26/10 02:41 PM
San Clemente to vote in a special election on March 8th over the commercial development at North beach parking lot.  The opponents of the Playa del Norte project gained enough signatures to cause the City Council to either rescind it July approvals of the project or schedule a referendum.  They voted to hold and election, on a vote of 3-2 Tuesday.
The project is to replace a North Beach parking lot an put in shops and restaurants.  It would consist of nearly 49,000 square feet of restaurants shops, offices and public ocean view promenades on the city's North Beach.  It is … (0 comments)

Laguna Niguel approves a Study For Dwelling Units and Businesses - 09/26/10 02:18 PM
Laguna Niguel approves a study for dwelling units and businesses at a cost of $86,000 for the Gateway district.  The city council of Laguna Niguel is going to spend another $86,000 to continue a study of the proposed Bateway district for some 3,000 dwelling units and about 2.4 million square feet of office, retail and service-type purposes. 
The city counsultant has been studying the area for over three years.  They want to be prepared for further development when the market turns.  The location is between the I-5 and the 73 tollway for the future homes and businesses.
It just seems to me a … (0 comments)

Loan Modification Attorney Disbarred - 09/26/10 02:03 PM
Today is The Orange County Register there were two articles on loan modification attorney that was disbarred.  Brian Colombana a Laguna Hills attorney admitted extensive misconduct that will result in his being disbarred according to the State Bar of California.  He stipulated last week that he committed nine acts of misconduct.
This attorney did not achieve a single loan modification with a single client.  Can you imagine a bigger failure not one client got results but paid a fee for his incompetence.  Many of the clients that Colombana was working for were in states where he was not licensed to practice … (5 comments)

Mission Viejo Realtor Area Market Report - 9/26/2010 - 09/26/10 01:37 PM



This weeks market report for Mission Viejo and surrounding areas from Mission Viejo Realtor shows that Orange County Median Prices for the resale homes were up 6.0 percent, for new homes it is up 2.6 percent and for resale condos up 13.6 percent.  The sales volume is down for resale homes 16.7 percent and down 5.6 percent on condos and down 12.5 percent for new homes.
Mission Viejo  Zip Code 92691  sales prices are down 6.3 percent and the sales volume is up 13.56 percent. Mission Viejo  Zip Code 92692  sales prices are up 11.8 percent and the sales volume is down 19.0 percent. Aliso Viejo  sales prices are down 2.0 percent and the sales volume is down 24.5 percent. Laguna Niguel  sales prices are down 0.4 percent and the … (0 comments)

Marian Douglas Silent Film Star Sold Her Home - 09/19/10 04:06 PM
Marian Douglas a silent film star sold herLaguna Beach home for $4.45 million.  The house was was 1st listed in 2009 for $6.75 million and then again on the market at $4.99 million.  This is a great place to live with luxury homes and celebrities homes in a quaint beach village. 
The home was on Coast Highway in south Laguna on an ocean front parcel.  It was known as the "Old Ivy Cottage".  The home was 3,000 square feet of living space on a half-acre.  It had 5 bedrooms and 3 baths.
The home was known for its flower gardens surrounding the home.  … (8 comments)

The Cupcake Store - 09/19/10 03:51 PM
Janel Michell a Mission Viejo baker has set up her new shop The Cupcake Store at 24002 Via Fabricante, Suite 401, Mission Viejo.   This is not her first venture she was the co-founder of tFrostings Cupcake in Lake Forest and now begins a new shop as her own boss. 
She is creative and expects to create even better recipes than the one she created at Frostings.  We are her first solo shop and she is planning on opening another in Downtown Disney.  Cupcakes have really come along.  You have on the Food Network the cupcake wars and other reality shows.
I … (4 comments)

UCI Professor Stated Recovery a Year Away - 09/19/10 03:38 PM
Kerry Vandell professor of finance and director of the UCI Center for Real Estate stated recovery is a year away according to The Orange County Register.
Professor Vandell indicated the the tax credit us to accelerate sales.  He stated that the drop in number of sales was an expected outcome therefore it is not much of an issue.  As I have been stating in blogs and comments the real issue is jobs. 
Valdell thinks the market will bounce around for a while with the market pretty much level.  We cannot expect a rapid recovery.  Because of the leveling of the market … (14 comments)

Mission Viejo Realtor Area Market Report - 9/19/2010 - 09/19/10 01:30 PM

This weeks market report for Mission Viejo and surrounding areas from Mission Viejo Realtor shows that Orange County Median Prices for the resale homes were up 6.0 percent, for new homes it is up 1.7 percent and for resale condos up 9.0 percent.  The sales volume is down for resale homes 13.0 percent and up 5.3 percent on condos and down 2.1 percent for new homes.
Mission Viejo  Zip Code 92691  sales prices are down 6.3 percent and the sales volume is up 9.6 percent. Mission Viejo  Zip Code 92692  sales prices are up 2.2 percent and the sales volume is down 16.9 percent. Aliso Viejo  sales prices are down 3.8 percent and the sales volume is up 6.3 percent. Laguna Niguel  sales prices are up 2.7 percent and the sales volume is up 6.0 percent. Rancho … (0 comments)

Was the Tax Credit Help or Did it Harm Us - 09/12/10 02:33 PM
Today I read an article in the Orange County Register by Jonathan Lansner quoting Steve Thomas on this topic, was the tax credit help or did it harm us.  The article was "Tax credits did more harm tan good, some say"
They show that the Federal Reserve's San Francisco regional summary on regional economic conditions that's done 8 times a year say that the West Coast housing market "weakened somewhat" over the summer. They went on to say in the Fed U.S. 12th District for their July report demand for housing "appeared to deteriorate somewhat". 
Steve Thomas was quoted as saying,  … (15 comments)

Another Piece of Evidence of a Slow Market - 09/12/10 02:10 PM
Another piece of evidence of a Slow market is the report that Orange County is on track to have the fewest mortgages taken out in over a decade.  Wow, that really is another piece of evidence of a slow market.  We can see a slow down in the purchases but with interest rates so low I would have thought that we would have had people flocking to the refi market.  Buyers I thought would have kept coming after the tax credit for the low interest rates and the low prices of homes.  But they are not!
What is causing the drop … (10 comments)

911 the day after - 09/12/10 01:48 PM
On 911 I had an interesting day as I usually do, in that I am always reminded of the the attack and it is my wedding anniversary.  So with respect for the families and friends who lost someone on that day, I do not blog until the day after.  Having a wedding anniversary on the day of the biggest attack on the United States in my life time is a downer.  However, remembering all of the great things of my marriage is wonderful.
I do watch the memorials and the shows to remember that day.  I pray for the families.  Then we celibrate the … (3 comments)

Mission Viejo Realtor Area Market Report - 9/12/2010 - 09/12/10 01:35 PM
This weeks market report for Mission Viejo and surrounding areas from Mission Viejo Realtor shows that Orange County Median Prices for the resale homes were up 5.0 percent, for new homes it is up 29.3 percent and for resale condos up 5.6 percent.  The sales volume is down for resale homes 18.4 percent and down 12.0 percent on condos and down 25.2 percent for new homes.
Mission Viejo  Zip Code 92691  sales prices are up 6.0 percent and the sales volume is up 9.6 percent. Mission Viejo  Zip Code 92692  sales prices are up 8.9 percent and the sales volume is down 30.7 percent. Aliso Viejo  sales prices are down 5.8 percent and the sales volume is up 9.9 percent. Laguna Niguel  sales prices are up 13.9 percent and the sales volume is down 8.8 percent. Rancho Santa … (1 comments)

Now 102,000 Homes in Orange County are Upside Down - 09/05/10 05:59 PM
It is reported in The Orange County Register today that the county has currently 102,000 home that are now upside down.  That means that we have about 18 percent of the homes have a value less than the mortgage on the home. 
I think that is a very large number of homes after all the short sales and the foreclosures that we have done here in the county.  Significate numbers of property owners have gotten out from under the burden of an upsidedown property.  To see that after so many homes have gone through the process we now have 102,000 more homes … (16 comments)

John Wayne's House - 09/05/10 05:43 PM
The first time I saw John Wayne's houseI was 14 and that was a long time ago.  I have gone down to visit a friend from high school to discover they lived next to John Wayne.  Wow that was unbelievable news at that time.
The home was in Bayshore estates.  That was something I told all our friends about and I never did see John Wayne only the house.  I was not aware that he owned a home in Big Canyon also.
So you could imagine the surprise when I saw today that John Wayne's house was on the market.  Not the … (7 comments)

Mission Viejo Realtor Area Market Report - 9/5/2010 - 09/05/10 02:33 PM



This weeks market report for Mission Viejo and surrounding areas from Mission Viejo Realtor shows that Orange County Median Prices for the resale homes were up 3.5 percent, for new homes it is up 35.7 percent and for resale condos up 5.3 percent.  The sales volume is down for resale homes 17.4 percent and down 7.3 percent on condos and down 18.9 percent for new homes.
Mission Viejo  Zip Code 92691  sales prices are up 7.1 percent and the sales volume is up 7.8 percent. Mission Viejo  Zip Code 92692  sales prices are up 7.9 percent and the sales volume is down 14.9 percent. Aliso Viejo  sales prices are down 1.4 percent and the sales volume is up 6.6 percent. Laguna Niguel  sales prices are up 11.0 percent and the sales … (0 comments)

Housing Inventory Snapshot - 09/02/10 12:21 PM
… (2 comments)

 
Tim Lorenz - 949 874-2247 (TIM LORENZ of Keller Williams Realty) Rainmaker_large

Tim Lorenz - 949 874-2247

Mission Viejo, CA

More about me…

TIM LORENZ of Keller Williams Realty

Address: 27101 Puerta Real, Suite 150, Mission Viejo, CA, 92691

Office Phone: (949) 282-2521

Cell Phone: (949) 874-2247

Email Me

A real estate professional and investor for over 43 yrs look at the market, the laws, the trends and the condition of the market. A runing commentary of one persons professional's opinion.


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