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.



FNMA(Fannie Mae) has recently announced the minimum waiting period to obtain a new mortgage after a short sale or deed in lieu foreclosure is being reduced thus relaxing their rules.  Effective,  July 1, the wait will go from a minimum four to five years to two years.  FNMA wants to encourage so...
This weeks market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were up 18.6 percent, for new homes it is up 16.9 percent and for resale condos up 17.6 percent.  The sales volume is up  for resale homes 6.8 percent and up 14.2 percent ...
The upper north shore of the Newport Bay don't come appear on the market but now there are two Newport Beach back bay has another home on the Market.   The Quite Place or La Place Tranquille is on the market with an asking price of $11 million.  The interesting aspect to this luxury property is t...
The Veterans Administration will no longer accept HUD/FHA approved condo projects. This change is due to FHA condo approval requirements no longer conform to VA condo approval policy requirements. This became effective March 22, 2010.  Condominiums previously accepted by VA, based upon HUD/FHA ac...
A lot of you who are not from the area do not know the types of homes we have in South Orange County.  One of those homes that has come on the market is at 897 Diamond St and is architectually stunning.  The home recently hit the market and it has ocean views four bedrooms, 4.5 baths and sits on ...
Today in an Orange County Register article by Jeff Collins stated that William Lyon Homes will add another community 92 new homes which are to be built in Irvine.  The project is 92 attached new homes which will be called San Carlos Court.  This group of new homes is being launched in Portola Spr...
This weeks market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were up 19.4 percent, for new homes it is down 1.8 percent and for resale condos up 19.0 percent.  The sales volume is up  for resale homes 4.2 percent and up 18.3 percent...
Kelli Heart reported a new oceanfront property came on the market in Laguna Beach.  It is located at 1155 Gaviota Dr. in the Laguna Village, in Laguna Beach.  The home is a 2200 square foot  3 bedroom 2.5 bath bath home on a 3,250 square foot lot.  All this and beach access. The listing price is ...
The Irvine Company took a riskand it paied off very well.  If you will recall the Irvine Company too the risk of funding the projects and paying the builder to build the homes.  It worked out well, so well they are now going to build 125 more homes. The Irvine Companysold the homes in new neighbo...
Today in the Orange County Register there is a report on Lorenzo Espinoza who committed mortgage fraud and filed for bankruptcywithout telling authorities he purchased tow Ferraris and a Lamborghini.  He was sentenced to 5 years in federal prison. This is really taking advantage of the laws.  How...


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A real estate professional and investor for over 45 yrs look at the market, the laws, the trends and the condition of the market. A runing commentary of one persons professional's opinion.