Archive for January, 2010

Mission Viejo Real Estate Foreclosures

Posted on January 30, 2010. Filed under: First Time Buyer help |

In today’s real estate market foreclosures are a big deal. They’re also big business for any real estate agents who are lucky enough to have such listings. The popularity of foreclosures has soared in recent years due to the unique opportunities that they present would-be homeowners with. In many areas especially those of an upscale and luxurious nature, prospective home buyers are able to purchase a home far below its true market value in a neighborhood that, in a normal market, might just be out of reach budget wise.

There are numerous areas throughout the country that are considered foreclosure hotspots by home buyers but perhaps none are more popular than Mission Viejo real estate. The homes in Mission Viejo are all of an upscale nature and are located in one of the safest neighborhoods in all of the United States. Furthermore Mission Viejo real estate, especially homes and for closure there, are not only being offered at a price far below their true market value but are priced even lower than non-foreclosures as banks are looking to sell these homes as quickly as possible. Is for this reason above all others that Mission Viejo real estate attracts more people than perhaps any other area within the country.

Mission Viejo real estate also boasts homes that are unique in architecture as well as floor plans and there are plenty of both for home buyers to consider. People flock to Mission Viejo not only for the communities lavish homes but because the city itself is one of the most popular in all of Orange County and is surrounded by a large number of other prominent cities as well. With so many sister communities within close proximity to Mission Viejo a homeowner in that city isn’t far from schools, jobs, and even entertainment.

Another reason Mission Viejo real estate is so popular regardless of market conditions is because of the coastal community. Coastal communities, generally speaking, both some of the most sought after homes and neighborhoods in all the country. With the beach just mere minutes away from any home within Mission Viejo homeowners there have water and seasonal fun at their virtual back door. As Mission Viejo is a coastal community it’s also attractive to home buyers because of the serene and sometimes surreal atmosphere coastal life creates. Temperate weather is also something many people come to the community for.

If you ever want to own a home in Orange County and more specifically Mission Viejo now is the time to consider the purchase. Mission Viejo real estate foreclosures have never been more sought nor more affordable and those who wish to own a home there should strike while the iron is hot. While the market remains downtrodden prices on Mission Viejo real estate foreclosures will either remain as they are or will continue to fall in some cases but should the market recover, even in miniscule proportions, prices as well as interest rates on home loans will likely rise very quickly. If you want to own a piece of Mission Viejo real estate the time for action is now.

Ready to Get Started?? Search For All Mission Viejo Homes For Sale Today!

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Mission Viejo Real Estate Delivers the Dream

Posted on January 28, 2010. Filed under: First Time Buyer help, Orange County Real Estate | Tags: , , |

The Undeniable Allure of Mission Viejo Real Estate

One look at the Mission Viejo Real Estate market, and you’ll understand why things are hopping and happening in that picturesque locale.  This Orange County city seems to have it all.  Whether you’re an OC newbie, or a seasoned long-timer, Mission Viejo is a dream-come-true.

First and foremost, Mission Viejo is an absolutely wonderful place to live. Lush green rolling hills, first-rate schools, sprawling lots, approximately two parks per square mile, championship golf courses, and a reputation for being among the safest cities in the U.S. give this prime destination a clear-cut distinction.

Oh, and the lake — that big, shimmery landmark of recreational bliss. Lake Mission Viejo has something for everybody.  Boating, swimming, fishing, suntanning on a powdery beach, special activities, and much more —  it’s the ultimate way to splash up major fun if you’re a resident. Hey, the rain won’t last forever.

Plus in Mission Viejo, there’s no such thing as Mello Roos to nibble away at your hard-earned greenbacks. They’re stayin’ in your pocket, folks.

This is definitely the time to get in on the buying opportunities offered by Mission Viejo Real Estate. And I’d like to help. Contact me at 949.338.7408 or angie@askangie.com. Or follow me @AngieWeeks or @WeeksTeam.  I’ll see you on the lake!

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FHA Lifts 90-Day Waiting Period

Posted on January 26, 2010. Filed under: First Time Buyer help, Lenders & Loan info, Orange County Real Estate | Tags: , , , |

Great News For Real Estate Investors and New Home Buyers Alike:

Anti-property-flipping measure waived for one year!

By Inman News, Monday, January 18, 2010.

Inman News

Starting Feb. 1, housing regulators will suspend for one year a 90-day waiting period on property resales that it says has put FHA borrowers at a disadvantage in bidding on foreclosed properties.

The waiting period on FHA financing of resales was implemented in 2003 to protect the Federal Housing Administration’s mortgage insurance program from the impacts of home flipping.

The policy did not apply to properties repossessed by Fannie Mae, Freddie Mac, or state- and federally chartered financial institutions. In 2008, FHA lifted the 90-day waiting period on resales of all bank-owned (REO) properties (see story).

Now, although many other conditions still apply, the waiting period is being lifted on all resales — including properties purchased and rehabbed by private investors.

Research shows that acquiring, rehabilitating and reselling properties to prospective homeowners often takes less than 90 days, the Department of Housing and Urban Development (HUD) said in announcing the change.

Some sellers of foreclosed properties have been reluctant to enter into contracts from potential FHA buyers because of the cost of holding a property for 90 days, and the risks that a vacant property would be vandalized, HUD said.

Lifting the waiting period “will allow homes to resell as quickly as possible, helping to stabilize real estate prices and to revitalize neighborhoods and communities,” HUD said.

Lenders must have supporting documentation or a second appraisal if the sales price of a property increases by more than 20 percent from the seller’s acquisition cost, HUD said in publishing the waiver requirements. The waiver does not apply to the Home Equity Conversion Mortgage (HECM) for purchase program.

No doubt about it.  Suspending the 90-day waiting period will be a major stimulus to the Real Estate market.  With quick turnarounds now possible for all properties purchased by FHA borrowers, re-sellers have a strong incentive to put more of their homes on the market. Because of this increase in available choices, FHA borrowers have an equally strong incentive to get in on the buying action.

If you’re ready to take advantage of the buying or selling opportunities that have emerged thanks to this new measure, I’d like to help. Contact me at 949.338.7408 or angie@askangie.com. Or follow me @AngieWeeks or @WeeksTeam.

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Great Deal on Laguna Niguel Condo

Posted on January 16, 2010. Filed under: OC Property Profiles, Orange County Real Estate | Tags: , , |

Laguna Niguel Condo Has It All

If you’re seeking a slice of the good life in Orange County, this Laguna Niguel Condo could be exactly what you’re looking for. This is a wonderful listing that you definitely should have a look at. It’s a single story condo with two bathrooms and two baths creating the perfect space for a single person or a small family. Located in prestigious Laguna Niguel North, a community known for its excellence and charm, this residence is in an exclusive gated community that offers both security and a relaxed, inviting atmosphere.  Individuals seeking a perfect blend of affordability and luxury will find this property irresistible, with an asking price of only $225,000. This is an incredible price, considering the first-rate location of the property.  The only drawback is that the neighborhood is not FHA approved.

A deal this good won’t stay on the market long, so I encourage interested buyers to get in the game early.

24212 Avenida De Las Flores #127
Laguna Niguel
Property Details:

  • # Garages                              1
  • # Units                                    1
  • AP #                                        938-71-292
  • Assoc Dues # 1                     249
  • Assoc Dues # 2                     70
  • County                                   OR
  • Cross Streets                        La Paz/Pacific Park (Oso Pkwy)
  • Hi-Rise Floor Entry               1
  • Lot #                                       1
  • Model Code                            ^
  • Stories                                    One Level
  • TGNO                                       921G6
  • Total Floors                           1
  • Tract #                                   10922
If you’re interested in grabbing the deal of a lifetime with this amazing Laguna Niguel Condo, you may contact Angie at 877-230-3211 or angie@askangie.com to schedule a showing or get any of your questions answered.
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Grab the Orange County Real Estate Opportunities in 2010

Posted on January 7, 2010. Filed under: First Time Buyer help, Home Seller Tips, Informed Investor Alliance, Making Life Easier, Orange County Real Estate | Tags: , , , , |

New Year, New Opportunities in Orange County Real Estate

First let me wish a ‘Happy New Year’ to all.  Yes, folks, 2010 is here.  And with the new year, there promises to be a wealth of new opportunities emerging in the bustling world of Orange County Real Estate.  So get up off  your comfy couch and do what you’ve been wanting to do for a long time. Don’t let opportunity pass you by.  Add that to your list of New Years resolutions right now.

So maybe you’re thinking about buying your first home. Perfect!  If you’re an Orange County first time home buyer, the time has never been better. A major reason for such bright prospects is that there currently are a number of available incentives created to improve your overall experience.

If selling your home for the first time is on your mind, optimism is in order.  Buyers are returning to the marketplace. So sellers rejoice! The market is definitely moving in the right direction. In fact, there are a number things going on that will make selling easier, from listing to close. If you’re worried about Uncle Sam taking a chunk, be aware you might be able to reduce your tax obligation with a few easy and yes, legal steps.

Perhaps you’re opting to make your first Real Estate investment.  Believe it or not, there are well-focused ways to improve your financial future without getting an advanced degree from the school of hard knocks.

Indeed, the door of opportunity is opening wide in 2010.  If you’re ready to learn more about the diversity of emerging Orange County Real Estate opportunities, I’ll be happy to help.  Contact me at 949.338.7408. Or follow me @AngieWeeks or @WeeksTeam.

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    Orange County, CA Real Estate for hip first-time buyers and investors. Plus, fun things to know and do in OC.

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