Why Buy Orange County Property NOW?
Orange County Property is a great investment for TWO reasons right now:
- Home prices have dropped SIGNIFICANTLY in the last 5 years, the median home in Orange County is now an affordable $435K!
- Loan rates are the lowest they’ve been in 20+ years. A picture is worth 1000 words:
Reproduced with the permission of Mortgage-X.com
If there were ever a time to buy Orange County property, its now. Renters are renting properties that they could be buying for the same price or LESS. Down payments are affordable, and banks are even allowing ‘gift money’ if you haven’t been able to save your down payment.
Call us NOW 877-230-3211 before this window of opportunity closes. The presidential election is coming up, and that can frequently cause uncertainty in the economy, which can drive up interest rates. Questions?? tweet @angieweeks or call one of our preferred lenders for info!
Read Full Post | Make a Comment ( 1 so far )Adult 55+ Communities – New Horizon’s Property in Torrance
Know any seniors in Los Angeles who are looking to find good adult 55+ communities? Today we’re featuring our listing on 22919 Nadine Circle B in New Horizon‘s – its conveniently located right off Sepulveda and Maple in the city of Torrance. New Horizon was built in 1963, and the community is perfect for the senior lifestyle!
New Horizon’s 55+ Community
Residents of New Horizons are friendly and upbeat seniors – just take a stroll around the grounds and see lots of smiling faces and inviting landscapes! Neighbors take such pride in their homes – carefully upgrading the landscaping and patios outside of their condos with cheerful flowers and plants.
If you didn’t see enough green on the grounds, you’ll surely find plenty on the 3 par golf course ajoining the neighborhood. Residents can relax by golfing right there in the community. The course is challenging but fun, and the best part is its barely ever crowded.
Homeowners in New Horizon’s also get to enjoy a lovely clubhouse with lots of amenities. Join the other residents for a game of cards, checkers, or a dip in the pool. There is also a ballroom and billiard room – plenty of activities to keep busy!
If you’re interested in the lifestyle New Horizon’s adult 55+ community offers, or our listing at 22919 Nadine Circle B – just give us a call – 877-230-3211. We’d be happy to take you on a tour of all the active listings and amenities!
Read Full Post | Make a Comment ( None so far )First Time Buyer Fears – 5 Reasons Renters Hesitate to Buy a Home
As first time buyer specialists, we’re constantly helping buyers address their fears about purchasing real estate. Some are very valid, while others are simply fear of the unknown. If you know someone going through pre-homebuying drama , please share this post with them, so they know they’re not alone, and understand how to overcome! 
1. Fear of getting rejected.
There are WAY too many renters missing out on today’s buyer’s market simply because they are afraid to get qualified. They’re afraid that one bill they forgot to pay 5 years ago or those charged off accounts from college will keep them from buying a home forever. This is NOT true!! Everyone has dings on their credit, it does not mean you’ll be excluded from buying a home. At least talk to a lender and see what steps you need to take next to get qualified. Interest rates are ROCK BOTTOM right now, you owe it to yourself to try :)
2. Fear of losing good faith deposit.
A typical California ‘Good faith’ deposit (GFD) is 3% of the purchase price. Buyers write a ‘Good faith’ check and submit it with their offer, and if their offer is selected, the check is cashed and the escrow process begins. We’ve seen lots of buyers hesitate to write this check because they believe once the check clears, they MUST buy that property. In California, this is FAR from the truth. Your GFD is simply funds you as the buyer put forward to show your commitment to the property as you do your due diligence. During this due diligence contingency period, you can decide against the property and have your deposit returned for any reason, so don’t lose a great property because you are in fear of making a deposit!
3. Fear of overpaying.
Even though today’s buyers know the market better than ever with access to the MLS via internet and home value apps everywhere, buyers are still afraid to make a move in fear they will have ‘overpaid’ for a property they fell in love with, and be stuck underwater for years and years. (Sound like any renters you know??) Nothing could be further from the truth. Unless you are paying CASH for a property, it’s impossible for you to overpay, because there are systems of checks and balances in place to ensure this does not happen. During your ‘due diligence’ period, your lender is also doing their due diligence to make sure this is a solid property to loan you money on. The lender will send out an appraiser, and the appraiser’s sole job is to confirm the property is worth the price you offered on it. So rest easy knowing the bank will never loan you more money than the property is worth, even if you wanted to overpay. Plus, having an experienced buyers agent as your Realtor will also help you avoid overpaying, so you’re double covered
4. Fear of choosing a lemon.
We’ve all seen “The Money Pit” with Tom Hanks….YIKES! There are a lot of people out there who believe sellers will lie, cheat and steal to get their property sold. (and sometimes they may try to!) Fortunately for today’s homebuyers, a property inspection is conducted to ensure the home you love is not a lemon. There are quality home inspectors all over Orange County and they will inspect your property while its in escrow to make sure all the electrical, plumbing, appliances and structure is in working order. After a buyer’s inspection is complete, it is also typical to submit a ‘request for repairs’ to the seller with a list of items you would like addressed before moving into the property. Every property will have its problems, but buyers will always go into the situation with eyes wide open as long as they get a a property inspection with a quality inspector.
5. Fear of overextending.
Another completely valid buyer fear is over extension. “What if I bite off more than I can chew”? “What if I get laid off”? “What if I need to move”? These are all GOOD things to consider, but, they are not reasons why you should rent in fear the rest of your life. Actually, if you rent until you retire, you’re going to have a lot of reasons to worry how you’ll keep the roof over your head. Ideally, you’ll purchase a property, pay down the mortgage, and live in your paid off property after retirement 
In order to safeguard your investment, its a really good idea to have 3-6 months worth of reserves in the bank in case you do lose your job or need to move and find a renter for your property. Talk to your financial advisor about how much you should have in reserves so you don’t overextend and have to eat ramen noodles for the rest of your life. Its bad for your health.
What makes you hesitate to buy a home? If you’ve already bought your first property, do you remember your biggest fear when you took the plunge the first time? Please share by commenting below or tweeting @weeksteam or @angieweeks – we’d love to hear your story!!
Read Full Post | Make a Comment ( None so far )Orange County VA Loans – 8 Things Realtors (and Vets!) Should Know
Hey Orange County Veterans! I read this great article about VA loans in OCAR mag this month, and was able to get permission for reprint here on our blog. If you’re interested in a VA loan or getting a home with your veteran benefits please contact Paul or The Weeks Team!
VA Loans on the Rise
With deployment looming and more veterans entering the workforce soon, Realtors might want to brush up on the basics of VA financing. A VA (Veterans Administration) guaranteed home loan is the preferred loan program for Active (and non-active), Reserve, National Guard, and retired military of the armed forces because there is no down payment needed, the interest rates are low, and no private monthly mortgage insurance is required.
An interesting fact — more than 27 million veterans and service personnel are eligible for VA financing. This is a growing buyer segment for the real estate community.
Veteran Loans – Do I Qualify?
To be eligible for a VA loan, Wartime/Conflict Veterans must serve for at least 90 days and must receive an honorable discharge. Here are the dates of active duty:
- World War II – September 16, 1940 to July 25, 1947
- Korean Conflict – June 27, 1950 to January 31, 1955
- Vietnam Era – August 5, 1964 to May 7, 1975
- Persian Gulf War – Check with VA regional office for specific eligibility.
- Afghanistan and Iraq – Check the VA’s Web site for eligibility guidelines for current service in Afghanistan and Iraq.
Reserves and National Guard – Members who have completed six years of service and have been honorably discharged (or are still serving) may be eligible for a VA loan.
For peacetime service, an applicant must have at least 181 days of continuous active duty with no dishonorable discharge. If discharged earlier due to a service-connected disability, the applicant must contact the regional VA office to verify eligibility.
8 Things Realtor’s & Vets Should Know about VA Loans:
- 100% financing – No down, Zero Down. Unlike an FHA loan (3.5% down) or a conventional loan (3-5% down), a VA loan requires no down payment.
- No monthly private mortgage insurance is required. Unlike a low down FHA or a no down Conventional loan (which require PMI), a VA loan has no PMI.
- 4% seller credit is okay — There is a limitation on buyers closing costs. FHA and Conventional loans allow for a 6% seller credit, but VA loans cap this credit at 4%.
- VA is not a lender — VA does not actually lend the money to you directly. Instead, the VA offers a guaranty to lenders, like me, that if the loan goes into default, they will pay the lender a percentage of the loan balance. The word GUARANTY does not actually guaranty the veteran will qualify for a VA home loan. Instead, it’s a “guaranty” that the lender will not incur losses in case the VA borrower hits hard times and a foreclosure ever develops.
- Interest rates are low – The interest rates are similar to FHA rates.
- You don’t need perfect credit – Most lenders require at least a 620 FICO score, but some lenders will go as low as 580, if certain conditions are met.
- The VA defines allowable fees and charges that the veteran borrower can pay or closing costs that may be charged to the borrower. These costs are determined as reasonable and customary by each local VA office. All other costs in the transaction are considered non-allowable and generally paid by the seller when purchasing a new home or by the lender when refinancing your current VA mortgage. Allowable fees are appraisal, inspections, recording fees, credit report, prepaid items, hazard insurance, flood check, survey, title insurance, and VA funding fee.
- The VA also specifies what is NOT allowable. Additional fees may be charged to the veteran only if specifically authorized by VA. The lender may request VA to approve such a fee if it is, (a) normally paid by the borrower in a particular jurisdiction, and, (b) considered reasonable and customary in the jurisdiction. The following list provides examples of items that CANNOT be charged to the veteran as “itemized fees and charges.” Instead, the lender must cover any cost of these items out of its flat 1% fee. Non-allowable fees include: Loan closing or settlement fees, underwriting, processing, escrow fees, notary, document preparation fees, preparing loan papers or conveyance fees, attorneys services other than for title work, photographs, interest rate lock-in fees, escrow fees, broker fees by third party mortgage brokers and tax service fees.
PAUL E. SCHEPER, MBA, CSA, SRES is a devoted member of OCAR. He is a graduate from Harvard University and USC. He is a licensed mortgage banker and OC VA loan specialist since 1984. Paul can be reached at 949.242.4422, www.PaulScheper.com, or tweet him @paulscheper!
Read Full Post | Make a Comment ( None so far )First Time Homebuyers Have a New Reason to Rejoice
As if there weren’t a bonanza of incentives already available to first time homebuyers, newbies have yet another excellent reason to purchase a house. Called Homepath, this very generous program currently enables Fannie Mae to offer buyers up to 3.5% in closing cost assistance through October 31, 2011. In addition, a $1,200 selling agent bonus is available to agents who close on an owner occupant property and meet all eligibility requirements and terms and conditions. 
Remember, Homepath is available only for Fannie Mae properties and to first time buyers. If you and your chosen property qualify, the program offers you a fantastic way to get some amazing benefits. Possibilities include getting your closing costs paid or changing a prohibitively costly condo into an affordable dream home.
If you’re interested in Homepath, here are some of the conditions you should be aware of.
- Buyers and/or selling agents (the agent representing the buyer) must request the incentive upon submission of initial offer.
- Initial offer must be submitted on or after June 14, 2011 and close by October 31, 2011. Initial offers made prior to June 14 are not eligible for the June 14 – October 31 incentive.
- Sale must close on or before October 31, 2011. No exceptions will be made to this deadline. (Note: Initial offers submitted after September 15, 2011 may not close by the incentive deadline of October 31, 2011.)
If you’d like to learn more about Homepath, I’ll be delighted to help. Just call, tweet, or email me at 949.338.7408, @AngieWeeks, @WeeksTeam, or angie@askangie.com. I’m ready to assist you in any way I can.
Read Full Post | Make a Comment ( None so far )A Good Deal Starts With a Realistic Investor Strategy
Like any investors, those delving into Orange County real estate want the best possible deal. Great. But investors also need to temper their profit quest with a sound strategy and realistic expectations. Getting a good deal boils down to four essentials:
1. Decide how much you want to spend.
2. Determine your intention. Do you want a portfolio piece or a buy & flip?
3. Know how to recognize a good deal. After determining market value and identifying the desired neighborhood, an investor who gets a property at 10 percent below market value definitely is getting a DEAL.
4. Factor in the REAL numbers. How much are expenses, upgrades, commissions, rents, etc.?
I gained a few additional insights from John, a full time courthouse steps investor. According to him, if you make 10-15% on a foreclosure, you’ve done mighty good for yourself. Remember, the key to making a profit is how fast you can move the property or turn your money. 
John added that many investors seek unfinancable condos. That’s because the more difficult it is to buy a home, the more its value drops. Many investors buy condos to hold for 5-10 yrs, hoping the hoa recovers and the property significantly appreciates. He pointed out that condos in college towns are in fairly high demand because of their proximity to the local campus.
If you’re scouring the marketplace for investment possibilities and want to do some number crunching, I can provide you with a very useful spreadsheet. Just call, tweet, or email me at 949.338.7408, @AngieWeeks, @WeeksTeam, or angie@askangie.com. I’m ready to assist you in any way I can.
Read Full Post | Make a Comment ( None so far )Four Tips for Serious Real Estate Investors
For success in today’s marketplace, a Real Estate investor definitely needs a realistic strategy and set of expectations. Before you plunk down your hard earned money on an Orange County property, you’ve got to cut through all the debris and determined exactly what IS a good deal, who gets them, and how. From my experience, investors should adhere to the following guidelines to maximize their chances of success.
1. Determine how much you want to spend.
2. Determine your intention. Is the property you’re eyeballing a portfolio piece, or buy & flip?
3. Know how to recognize a good deal. Once you’ve pinpointed market value and neighborhood, grabbing a property at 10% below market value is a DEAL.
4. Get the REAL numbers. How much are expenses, upgrades, commissions, rents, etc.?
I had the good fortune of interviewing John, a full time courthouse steps investor. According to him, a profit of 10-15% on the courthouse steps is good. Remember, you make your $$ not on a per deal basis, but by how fast you move the property or turn your money.
John added that many investors are going for condos that are un-financeable. Why? Because the less people can buy, the more the value drops. Good ol’ supply and demand at work. Many investors are buying to hold for 5-10 yrs, hoping the hoa recovers, and the property significantly appreciates. And while we’re on the topic of condos, investors should have a good long look at those located in college towns. Since these properties are a short walk to the local campus, they have a built-in appeal.
Need a spreadsheet to help with your numbers!? Just call, tweet, or email me! I’ve got just what you need. And, of course, if you have any questions about buying or selling Orange County homes, I’ll be delighted to help. You can connect with me at 949.338.7408 or angie@askangie.com, @AngieWeeks or @WeeksTeam.
Read Full Post | Make a Comment ( None so far )Abundant Opportunities in the Mission Viejo Real Estate Market
You say you want to buy a home at a fantastic price in a fantastic community? Then it’s time you discovered the wealth of opportunities Mission Viejo Real Estate has to offer.
Mission Viejo is a community of dreams. A suburban jewel that has been voted one of the top cities in the United States. Low crime, high quality of life, outstanding school system, and friendly people are just some of the highlights of this thriving community.
Now if that alone isn’t enough to lure you in for a closer look, consider the choice of excellent homes you’ll discover here. We’re talking great layouts, generous square footage, and spacious lots. Plus many of these homes offer breathtaking views of surrounding hillsides, mountains, and cityscapes.
Mission Viejo owes a great deal of its inherent appeal to the character of its communities. All of them are united by a common excellence, yet each stands alone with its own personality. Among these standout communities are the La Paz Tract, which was completed in 1970 and consists of 1263 detached homes; the El Dorado Tract, population 62, 000; and the popular Cortez Tract.
And those are just a few of the outstanding communities that make Mission Viejo a place like no other. If you’d like to learn more about any of the city’s upscale communities and the abundant opportunities in the Mission Viejo Real Estate market, I’ll be delighted to help. You can connect with me at 949.338.7408 or angie@askangie.com, @AngieWeeks or @WeeksTeam.
Read Full Post | Make a Comment ( None so far )It’s Buy Time in the Orange County Real Estate Market
Well, the New Year is underway, and many of us are probably looking back at ‘2010, going over all the plusses and minuses. Hopefully, there are more plusses in your corner. At any rate, before more of ‘011 slips by, it’s definitely a good time to take stock of things, re-assess our goals, and hopefully set some new ones. If you’re like most people, one of those goals will be beefing up your financial portfolio. 
Right now, Real Estate offers more opportunity than ever to help you meet this objective. Yes, we’re definitely in a buyer’s market. Why do I make such a claim? Two basic reasons:
- Fantastic Inventory – The market is swelling with homes. So the choices abound, and the prices remain low.
- Interest Rates Are at a Historic Low – Seize the opportunities before rates start heading north.
The upshot? Bargains galore.
So if you’re looking for a property, this Realtor has to recommend BUY.
On the other hand, if you intend to sell, I’m recommending you hold off until the pendulum begins swinging in the other direction.
Well, that’s it in a nutshell. If you’d like to learn more about opportunities in the Orange County Real Estate market, I’ll be delighted to help. You can connect with me at 949.338.7408 or angie@askangie.com, @AngieWeeks or @WeeksTeam.
Read Full Post | Make a Comment ( None so far )11 Great Reasons to Buy an Orange County Home in 2011
A New Year means new opportunities. And one place you’ll discover opportunities galore is in the Real Estate market. It’s true. I did some poking around and came up a whole slew of great reasons to buy an Orange County home in 2011. Here’s 11 for 11 –
- Low Interest Rates – Right now they’re at historic lows. But don’t expect them to linger in the basement forever. The time to act is NOW. Be sure to consult a certified mortgage planner for details.
- Real Estate is a Great Long-Term Investment – Stocks may rise and fall, but you can pretty much count on the home you buy to appreciate in the long term. There’s plenty of historic precedent for this phenomenon. So get in while the gettin’s good.
- Motivated Sellers – They’re out there in droves. And they want out of their houses quick-like. And you thought after-holiday sales were the only bargains.
- Avoid High Rents After Retirement – Better to own a home than owe a landlord.
- OC Boasts Three of the Safest Cities in the U.S. And if that isn’t enough, you can add the county’s award-winning schools, beautiful open spaces, great shopping and entertainment, and a well-earned reputation as a hub of high technology.
- You now can buy a Newport Beach mansion for under 40 Million dollars. At minimum, you can nab a $17 million reduction from the original asking price! Got a few extra million greenbacks to plunk down on a home?
- Your neighbor could be one of the ‘Real Housewives of Orange County’. By merely borrowing a cup of sugar, you could wind up with a guest spot on the show. Sugar-borrower today, reality TV star tomorrow!
- Orange County is unlike any place else in our solar system. What makes us so gosh darn special? Let’s start with a diversity of industries that keep the county’s economy and per capita income growing stronger every day. Orange County also boasts a bounty of blue ribbon schools, fantastic year-round climate, and a delightfully friendly environment. The cheery OC picture is rounded out by scenic mountains, nature-carved canyons, and 40 miles of spectacular ocean frontage.
- Great shopping for every mood, taste, and budget. Fashion Island, The District, and Irvine Spectrum are among the county’s numerous first-class shopping destinations. Where else in the country can you take your family AND poodle to dine and shop in the middle of winter?
- Great Benefits for Newlyweds – Tell family and friends you’re saving for your first home! Various loan options allow you to put only a very small amount down on your dream home. Even better, the source of the funding can be ‘gift money’. Wouldn’t you rather use this dough for a down payment than for the acquisition of imported tea cups that will just linger unused in a crowded cupboard. Plus you won’t be throwing cash away into that abyss known as apartment rent.
- The Weeks Team – As Orange County Real Estate specialists, we’re available for ALL your housing needs! The Weeks Team offers you customized home searches and the VERY BEST in customer service and satisfaction. Let’s work together to get you and your family into an Orange County dream home!
If you’d like to learn more about finding the ideal Orange County home, I’ll be delighted to help. You can connect with me at 949.338.7408, angie@askangie.com, @AngieWeeks or @WeeksTeam.
Have a Happy and Prosperous New Year!
Read Full Post | Make a Comment ( None so far )Not Quite a Million and One Reasons to Luv Laguna Niguel
Just a few
miles inland from the beach with the same first name, Laguna Niguel definitely is one of the best places to hang your hat in Orange County. There are about a million and one things this upscale community can offer anyone seeking a blend of suburban sophistication and laid-back charm. Due to space limitations, however, only some of the highlights will be mentioned here. Here are a few of the biggies –
- Lots of Sol – Cathin’ a few rays is easy in the land where So Cal sunshine pours down the year round.
- Friendly Folk – There’s only one thing warmer than Laguna Niguel sunshine — the community’s residents.
- Close to All – Laguna Niguel is just a pebble’s throw from the oceanfront thrills of Laguna Beach. The community also is conveniently close to OC’s leading business centers, major shopping centers such as South Coast Plaza and Fashion Island, hundreds of world class restaurants, and charming Dana Point harbor.
- Outstanding School System – Laguna Niguel schools are among the nation’s most highly rated. Schools here have racked up reading test scores 51% higher than the national average, while math scores stand 27.4 % above the average.
- Low Crime Rate – The Laguna Niguel crime rate is considerably lower than both the national and California averages.
- Spectacular Views – Greenbelts abound, creating picturesque vistas in every direction.
- Activities for All – From world class golf courses and tennis courts to acres of lush green parks, Laguna Niguel offers something for everyone who realizes there’s more to life than video games.
Laguna Niguel’s appeal has even caught the attention of the media. Among the community’s many distinctions is being named (yet again) one of Money Magazine’s best places to live.
Can you see yourself in this amazing community? If you’d like to learn more about finding the ideal home in Laguna Niguel, I’ll be delighted to help. You can connect with me at 949.338.7408, angie@askangie.com, @AngieWeeks or @WeeksTeam.
Read Full Post | Make a Comment ( 1 so far )A Mission Viejo Real Estate Treasure
Anybody who’s ever set foot in Mission Viejo knows there’s a lot to like about this city. No doubt one of the reasons for such widespread appeal is the Cortez community. 
You’ve just got to see it to believe it – acres and acres of very well-maintained, 1 and 2 story homes tucked away in the lush rolling hills of south MV.
It’s all here, including –
- Panoramic views from many of the fine homes gracing the community
- Access to the waterfront bliss of spectacular Lake Mission Viejo
- A first-rate education courtesy of the award-winning Capistrano Unified School District
- Warm, friendly people galore.
Cortez offers you ten distinctive floor plans to choose from. And here’s the really amazing part — there are NO tract HOA’s to pay. There’s only one fee bundled with the privilege of kicking up your heels in this jewel of a neighborhood — $120 yearly for the MV lake association.
Right now, buyers will discover bargains aplenty waiting for them in this prime slice of Orange County Real Estate. But like anything this good, it won’t last forever. That’s why it’s a good idea take advantage of the Cortez opportunities now.
If you’d like to learn more about living the ultimate dream in this vibrant Mission Viejo community, I’m ready to help. You can connect with me at 949.338.7408, angie@askangie.com, @AngieWeeks or @WeeksTeam.
Read Full Post | Make a Comment ( 1 so far )Mission Viejo Real Estate Strengthened By High Inventories
Mission Viejo always has had a lot to offer. From blue ribbon schools to bustling businesses to special events, this prime destination community has plenty of everything for everyone. And right now what Mission Viejo has in especially great abundance is homes. In fact, home inventories are at an all time high in this community. Right now there are 550 beautiful homes for sale in the city. We’re talking the full range of choices – from 115K condos all the way up to 3.5 million lakefront estates.
The picture gets even brighter when you consider that mortgage rates are at an all-time low. So what we’ve got is high inventory and low interest rates. In other words, we’re looking at a very obvious buyer’s market. And that means major deals.
Of course, something this good won’t last forever. That’s why it’s a good idea take advantage of the Mission Viejo Real Estate opportunities now. Just take a look at the fantastic inventory of homes that’s available to you.
And if you’d like to learn more, I’d be delighted to help. You can connect with me at 949.338.7408, angie@askangie.com, @AngieWeeks or @WeeksTeam.
Read Full Post | Make a Comment ( None so far )Exciting Option for Luxury Living in Orange County
Got a penchant for luxury living in Orange County? If so, you need to know about Astoria at Central Park West, located in the heart of Irvine’s bustling business district. Incredibly priced, this upscale condominium community is conveniently close to a wide variety of prime shopping and entertainment destinations such as the Orange County Performing Arts Center, Irvine Spectrum, Fashion Island, South Coast Plaza, and countless others. 
What about amenities? Astoria has every kind imaginable, and then some. We’re talking secured wine vault and private tasting room, concierge service, a lobby fit for royalty, and a professionally designed and decorated community room. Plus, as an Astoria resident, you’ll get to indulge in the full array of Central Park West benefits.
By the way, Central Park West will be the location of our YPN Realtor Tour on Oct 27th at 5pm. If you’re interested, be sure to contact me to set up a tour of the clubhouse and the community or simply to learn more about Luxury Living in Orange County, Astoria-style. You can reach out to me at at 949.338.7408, angie@askangie.com, @AngieWeeks or @WeeksTeam. Looking forward to hearing from you soon!
Read Full Post | Make a Comment ( None so far )New Incentive Brightens Picture for Orange County Homebuyers
More good news for Orange County homebuyers. Fannie Mae has a new seller assistance incentive for Fannie Mae-owned properties listed on the company’s REO website, HomePath.
What’s it all mean for those of you in the market for a home? Just this. If you’re a qualified buyer, you could receive up to 3.5 percent of the home’s final sales price. 
This extra cash may be redirected into closing cost assistance, including any available home warranty. That’s a hefty chunk of change pouring right back into your pockets, folks. Of course, you’ve got to qualify for this wonderful offer. Here are the conditions in no particular order –
- Initial offers must be accepted on or after September 23, 2010.
- Property sales must close on or before December 31, 2010, with the closing to take place within 60 days of offer acceptance.
- Buyers must be owner-occupants and confirm that the property will be their primary residence by completing a certification form (investors are excluded).
For more information about the incentive, visit HomePath. And, of course, I’m always on board to help. Feel free to call, text, email, or tweet me. I can be reached at 949.338.7408, angie@askangie.com, @AngieWeeks or @WeeksTeam. Looking forward to hearing from you soon!
Read Full Post | Make a Comment ( None so far )Homebuyer Advice on Purchasing an Orange County Relocation Home
I recently closed a sale on a fantastic Orange County relocation home, which in this case happened to be a flip. To my delight, the buyer was extremely pleased with both the house and the service provided by yours truly. Always plenty of decisions to be made when making a home purchase; even more so when jumping to an entirely new locale. 
Great feeling knowing I could make it a smooth transition. Then I figured, hey, the buyer would want to do likewise for other people purchasing an Orange County relocation home. So I asked what they would advise folks in this situation. Here’s what they had to say on several key topics –
- Online Searches – Great for info gathering, but don’t rely solely on photos. Many times they can present a picture that’s much prettier than the reality. A lot can be masked by touch-ups, the right angle, etc. It’s very important to visit the actual home before you fall in love.
- Working With a Relocation Company — It’s your right as a home buyer to know what’s going on. So keep after them to make sure they’re following through with everything they’re supposed to be doing.
- Buying a Flip — Confidence is the main factor here. Most flips feature recent improvements, so there’s a major reason to feel good about them. Overall, you want to make sure you’re completely confident you’re getting the right house at the right price.
Good advice. All of it. If you’d like to learn more about purchasing an Orange County relocation home, I’m ready to help. Feel free to call, text, email, or tweet me. I can be reached at 949.338.7408, angie@askangie.com, @AngieWeeks or @WeeksTeam. Looking forward to hearing from you soon!
Read Full Post | Make a Comment ( None so far )Mission Viejo Home Great Deal For Orange County Homebuyers
Mission Viejo Property Gets ‘A’ for Amazing
Hey, folks. An amazing Mission Viejo home has just hit the market. Why all the excitement? Because this ready-to-occupy, turnkey property has it all. And then some. 
First of all, this adorable tri-level home is located in one of the most desirable cities in the world – sunny Mission Viejo. We’re talking an upscale community with family appeal, offering the best in schools, parks, recreation, and culture. And, of course, there’s wonderful Lake Mission Viejo. Located at 26285 Golada, this home is a stone’s throw from all the fishing, boating, swimming, outdoor concerts, and sun bathing the lake has to offer. Unbelievably, this got-it-all property is offered at just $589,000.
This choice property also offers:
- New windows, plantation shutters, granite kitchen counters – all in an ideal and spacious floor plan!
- Quiet Street – Bask in the sweet fragrance of garden roses as you arrive home, and indulge your green thumb in the vegetable garden gracing the beautifully manicured back yard.
- Close Proximity to Freeway – Just five minutes away. Long commutes will be ancient history.
- And endless residential bliss!
If you would like to experience this amazing Mission Viejo home for yourself or simply learn more about everything the property has to offer, I’ll be happy to help. Feel free to call, text, email, or tweet me. I can be reached at 949.338.7408, angie@askangie.com, @AngieWeeks or @WeeksTeam. Looking forward to hearing from you soon!
How Short Sales and Foreclosures Can Affect You
It’s the law of the universe. Every action triggers a reaction. And this law certainly comes into play in the world of foreclosures and short sales. If you’re an Orange County homeowner who’s gonna go through with one or the other, it’s best to know what’s in store for you when the dust settles.
Derek Beisner, a certified mortgage specialist with New American Funding, cites the following as among the most important potential affects of a short sale or foreclosure action. Derek points out that guidelines in this area are always subject to change. But as of this posting, these are some possibilities consumers definitely should be aware of.
- With a short sale, the lending institution has the legal right to 1099 the seller for the difference between what the house sold for and what was owed on the property. Bear in mind that this has been changed to a non-taxable 1099 for the years 2010 to 2012.
- In a foreclosure situation, a buyer must wait 3 years from the foreclosure date to get an FHA loan. Securing ownership of a property also will require a minimum credit score of 620 and a letter of explanation documenting the reason for foreclosure.
As with any other important undertaking, it’s best to get the input of an expert before plunging into a short-sale. Derek advises speaking to a CPA or Real Estate attorney well in advance of taking action. 
After all the foreclosure or short sale dust settles, your credit definitely will need some major repair work. The good news is that credit repair is very do-able. Derek recommends three fundamental steps:
- Establish new credit.
- Know your credit score.
- Consult a credit repair specialist to get things back on track.
If you would like to learn more about Orange County short sales and foreclosures, Derek will be delighted to help. You can reach him 949-637-9939 or derek@derekbeisner.com.
Read Full Post | Make a Comment ( None so far )Orange County Foreclosure Help – TEN Dimensions Team
Pull Yourself Out of Foreclosure Chaos
The prospect of foreclosure typically whips up a whirlpool of financial and emotional woes for homeowners facing this very stressful scenario. More often than not, folks caught in the swirl of foreclosure chaos feel overwhelmed, out of control, and hopelessly trapped. 
Fortunately, we at Weeks Team understand the excruciating trials and tribulations that those confronting the foreclosure beast experience. That’s why we’ve put together a powerful team of Orange County short sale specialists who can help you pull yourself out of foreclosure chaos. As you’ll see, each member of this carefully-selected team is an expert in his or her particular field. As such, they have the knowledge and skill to guide you to your best course of action, whether that means bankruptcy, loan consolidation, or short selling your home.
Orange County’s Premier Foreclosure Help Team:
Cindy Logan – Short Sale Investor
949-433-7187
www.reinvestorsolutions.com/clogan/
Cindy@Investthebestway.com
Shaun Smith – Foreclosure Delay Specialist
Phone: 949-241-0218
Fax: 866-798-4192
www.mortgagecrisisremedies.com
shaun@mortgagecrisisremedies.com
John Harris – Debt Settlement
Phone: 949-202-7305
Fax: 949-270-7557
www.usdebteliminators.com
john@usdebteliminators.com
Mike Langle – Title, Liens, and Related Issues
Phone: 949-300-5373
www.Title365.com
Mike@Langgle.com
Steve Fink – Real Estate Attorney
Phone: 949- 637-0871
www.falawyers.com
sfink@falawyers.com
The Weeks Team is Ready to Help
If you or somebody you know is struggling with a mortgage or with house payments, call the Weeks Team at 888-281-7665 x2. We’ll be happy to direct you to the right TEN Dimensions team member who can provide a speedy solution to and welcome relief from your foreclosure woes. Or if you would like to receive our package of resources, feel free to email us your address or that of a friend or family member who can benefit from our services. We look forward to helping in any way we can.
Read Full Post | Make a Comment ( None so far )Liven Up Your Living Space With a Special Home Improvement Loan
OK, I’ve told all you Orange County homebuyers, sellers, and agents about this fantastic home improvement loan before. Now you get a sneak peek of what’s possible. But first, a recap – -
Right now you can take advantage of a Home Improvement Loan program that combines the sale price of a home and the cost of home improvement into one convenient loan.
These are the basics:
- Basic Explanation: the Home Sales Price plus all clients’ home improvements get wrapped into one, low fixed rate loan!
- Loan Limits = same as FHA County Limit (1 Units: $729K in Orange & LA County, $500K in Riverside. 2-4 Units higher)
- Low Down Payment – only 3.5% required! (plus normal closing costs carried by seller or buyer)
- Possible Renovations to home include: (Remodeled rooms such as kitchens, bathrooms, etc. Additions, alterations, or structural changes to home. Repair or replace plumbing, heating, air, roof, foundations, etc!)
- Also available for Refinances
- [Gov’t Insured Loan, 1-4 Unit SFR (no condos), 620 Min FICO]
Cori Hillis of Best Rate Financial has helped many individuals secure one of these dream loans. With his assistance, great things like this happen:
BEFORE HOME IMPROVEMENT LOAN AFTER HOME IMPROVEMENT LOAN
You can liven up that special living place, too. Learn more about how this new loan program can make your Orange County dream home happen. Or get started with a quick pre-approval. Just contact Cory Hillis at 888-299-4484 or cory@bestratefinancial.com . He’ll be more than happy to assist you.
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