Lender's May Come After Default "Refinanced" Loans In CA! - 05/20/10 09:10 PM
Los Angeles Business Journal
Foreclosed homeowners could owe ‘tens thousands of dollars' to lenders

Facing the possibility of foreclosure, California homeowners may be hit with more than just losing their homes. Due to a loophole in state law, they also can be sued by their lender. To prevent this, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is sponsoring Senate Bill 1178 by State Sen. Ellen Corbett (D-San Leandro), which will extend anti-deficiency protection for consumers who have refinanced their original mortgage loans and now are facing foreclosure.
KEEP THIS IN MIND
• Currently, if a homeowner defaults on a mortgage used … (0 comments)

Mission Viejo's Market Condition! Residential Active and Sales!May 2010 - 05/13/10 05:22 PM
 
Just did a check on how the market in my area is doing. I work out of Mission Viejo, CA Population is over 95,000
Total active on the market for
       3/15/10- - 313 all homes.               5/13/10- - 349 all homes.
Short Sale Acti                                                 ve
       3/15/10- -105 out of 313              5/13/10- - 118 out of 349
REO Active
      3/15/10- 12 out of 313                    5/13/10- - 19 out of 349
In Default Active properties
      3/15/10- - 2 out of 313                5 /13/10- - 1 out of 349
In Probate this month are 2 property
That leaves 209 out of 349 as equity … (0 comments)

Sales Activity for Mission Viejo, CA 5/09 thru 4/10 Looking Good! - 05/11/10 03:40 PM
We have had tremendous activity this spring. Febuary and March saw twice as many homes sold than new listings.
Prices are holding and the days on the market are shorter then has been in a couple of years. This is all good news for sellers.


… (0 comments)

Beautiful Home in Retirement Community of Casta del Sol, Mission Viejo CA - 05/08/10 02:18 PM
This is a charming, well maintained, single story with lovely view, located on a cul-de-sac with a large open greenbelt at the end. In the serene senior community of Casta del Sol, Mission Viejo Ceramic tile counters in kitchen with garden window. French doors lead to enclosed atrium making this a bright and airy home. Skylight in master bath highlights dual sinks connected to the master suite with walk-in closet... Spacious den off living room makes an excellent office space or just a quiet reading room, adjoining the formal living room with brick fireplace, large family sized dining room for Holiday … (4 comments)