An Insider's Look at Real Estate

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Real Estate Agent - TIM LORENZ - Elite Home Sales Team - DRE# 00919781
This blog will post interesting views of the Real Estate Profession and have information to the buyers and sellers in the area.

ARCHIVED BLOG POSTS

2010 

Homebuyer Tax Credit Clarification The federal homebuyer tax credit is about to expire in 30 days. The homebuyer needs to be under contract to purchase a home by April 30, 2010 and to close the escrow by June 30, 2010. At this time there are no discussions of the tax credit being extended a third...
03/30/2010
8 Comments
Jumbo mortgage and super jumbo mortgages are available and are used more frenquently lately.  The percentage of homes bought with loans greater than $729,750 has been increasing and loans over $2 milion a sign that the market has taken a good turn.  Jumbo mortgages are up 27.8 percent for the loa...
03/28/2010
4 Comments
Once again I am here to let you know of the mansions and estates in Orange County, CA and this one got away as a foreclosed extate or mansion.  The home was in Huntington Beach an was foreclosed on last year went on the market this month and is now in escrow the asking price was 1.93 million.  Th...
03/28/2010
Dana Point has a truly breathtaking home that is listed at just under $25 million.  This is the most expensive home in Dana Point.  This truly breath taking home sits on the ocean and is located in the Strands. The Orange County Register states the home is at 47 Strand Beach Drive, in Dana Point....
03/28/2010
Irvine's newest estate or luxury home could become the most expensive new home, or most expensive home.  Today The Orange County Register had an article on this very large home 13,779 square foot home that is to be completed in 5 months. This home will have 6 bedrooms and has been under construct...
03/28/2010
This weeks market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were up 13.6 percent, for new homes it is up 6.5 percent and for resale condos up 11.5 percent.  The sales volume is down  for resale homes 4.1 percent and up 26.3 percent...
03/28/2010
Lenders do not want your home it does not help them in any way to own your home.  When you default on your home and get in trouble first start by talking to the lender.  Let them know why you are in trouble and see what they do.  Some have not been very receptive and are rather ineffective in the...
03/26/2010
There is a trend that a lot of the distressed properties are being picked up by investors, investors are buying up the foreclosures.  In the month of February the investors bought more than double the number of properties at foreclosure auctions in Orange County than they had one year ago.  The i...
03/25/2010
I'm not sure if California is has the most prolific loan modification scams or if we are more sensitive to the problem.  The District Attorney of Orange County has reported that more than 1,000 people have lost more than $100,000,000 in cases of real estate fraud referred to a special unit of the...
03/25/2010
The Orange County Register carried a story of a couple who built their dream home and cannot move into it this story is unbelievable.  After sinking five years and $700,000 into their dream home, Brian and Cherie Wink got bad news from the Yorba Linda Building Department: The structure is uninhab...
03/24/2010
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