Orange County CA Foreclosures

Become an Automatic Millionaire Homeowner

Posted on November 29, 2016. Filed under: First Time Buyer help, Home Seller Tips, Informed Investor Alliance, Lenders & Loan info, Making Life Easier, Orange County CA Foreclosures, Orange County Real Estate, Orange County Short Sales | Tags: , , , , , , |

Ever wonder how people really come up in real estate? It doesn’t require a huge amount of capital, brains, or hard work. The process is surprisingly simple, and we’ll teach you the jist in just half an hour.

re-investing

The best thing about becoming a millionaire homeowner is that anyone can do it.

Learn How at Homeownership Day Jan 14th, 2017

We’ll teach you the simple process based off David Bach’s “Automatic Millionaire Homeowner” book in an easy, 1/2 hour session at Chapman University from 12:15 – 12:45pm.

This is a class for normal people who would like to do extraordinary things in real estate while maintaining their existing lifestyle, career, and family.

The Automatic Millionaire Homeowner is not a get-rich-quick scheme; everything is done on your individual timeline, and without a membership in some expensive group or school. The only money you spend will be on real estate itself. Simple concepts that once applied, will bring you huge returns regardless of where you own property. And the younger you have this knowledge and you start…the better.

Register below for this free event – space is limited!

ochfgraphicMore about Homeownership Day / OC Home Fair

This yearly event is a collaborative between Chapman University, Orange County Young Professionals Network, OC Register, and non-profits VAREP and NeighborWorks OC designed to bring you honest real estate information with no pressure or gimmicks.

There will be 4 different sessions, each with 5 classes to choose from. Attendees enjoy a ‘choose your own adventure’ style and pick the classes that interest them most. Instructors are all active experts in the industry volunteering their time to benefit our community. Visit www.OCHomeFair.com for the full class list and session times.

Where: Chapman University’s Beckman Hall 1 University Dr, Orange, CA 92866
When: January 14th, 2017 from 10am – 1pm
Cost: free

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Got an Ugly Duck Property to Sell?

Posted on October 26, 2016. Filed under: Home Seller Tips, Informed Investor Alliance, Making Life Easier, OC Property Profiles, Orange County CA Foreclosures, Orange County Real Estate |

red-tagged-house

It’s common knowledge that you’ll get the most for a property when it’s upgraded, staged, and correctly marketed. But for some Orange County home sellers, this isn’t an option. Sometimes there was a problem insurance didn’t cover, sometimes the property was inherited and needs 40 years of updates, or other times there is a divorce or a death that requires a fast move. Whatever your case may be, there are buyers out there who want to exchange your ‘problem child’ for quick cash.

This week, we interviewed one of our investors to learn a little more about the types of property she targets. She told me “Angie, we buy other people’s problems.” Here’s a deeper look into those problem homes and how an investor or all-cash buyer may be your solution to avoid headaches.

Southern California Hoarder Homes

If you’ve got a hoarder home on your hands, definitely consider your time and cost to clean it out. The process can take weeks, even months, especially if you have an emotional connection to any of the items inside. On top of that… under all the clutter is probably some deferred maintenance waiting as well. Rather than going to market with today’s buyers who all like everything clean and new, it may be best to strike a deal with an investor who will take the home as-is.

The Family Property

You’ve had Thanksgiving & plenty of holiday parties here, and over the years your parents haven’t had any garage sales, and they have kept every memory packed away in the attic and 4+ bedrooms. Now it’s time to move them to a condo or assisted living facility, but what to do with all this STUFF?

It’s not a problem for an investor. She says:

“…We purchased a property earlier this year. It was from an agent who had a client that she knew the whole family, and the mom had to go into a home. The kids did not want to deal with all of the stuff in the house, they just came and took family photos and a few things. We bought it as she left it – full of her things. We donated belongings to charity and then proceeded with the work.

As a matter of fact, the last several we have bought have been similar situations – that the agent knew the family and they just wanted a quick cash sale. It made it easy for both sides to sell before the house ever hit the MLS.”

The Money Pit

Ever tried to be an investor and failed? Ran out of money, time, or resources before the flip was done? It happens, more than you may realize. Especially with all the flipping shows out there right now! If you’re ready to throw in the towel on problems with the city, or a red tagged, unfinished construction, you’ll probably NEED to find a cash buyer or investor. Lenders won’t typically loan on partially completed construction.

The Get Me Out NOW Divorce

Sometimes, you just want out. You have other things on your mind. You don’t want to deal with a buyer whining about repairs, or people traipsing through your home when you’re trying to pack up and move out. And you definitely don’t want to sit with your future in limbo waiting for the lender who promises the world… but delays at every corner. Nasty divorces are a perfect fit for a cash sale; we’ve all got a story on that one. Sometimes it’s best to cut your losses and move forward on a new path. Like now.

crazy_cat_lady_4The Residential Zoo

Ever walked into a home with too many animals? Barf. Ever try to sell a home with pet smells? Good luck! Homes that had a lot of animals living in them, that were not taken care of, can require a lot of time and attention to air out. Plus, you’ve got the unfortunate situations that have feces inches deep on every surface including walls…damage to doors and baseboards from scratching… definitely a candidate for the investor buyer.

The scenarios are endless, but for every home there is a buyer. It just may not be the traditional kind. If you’ve got a challenge on your hands, give the AskAngie team a call at 949-338-7408 or fill out the form below to schedule a consultation on the best way for you to sell without headaches.

 

 

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2016 OC Home Fair & Homeownership Day – You’re Invited!

Posted on January 6, 2016. Filed under: First Time Buyer help, Home Seller Tips, Informed Investor Alliance, Making Life Easier, Orange County CA Foreclosures, Orange County Home Improvement, Orange County Real Estate, Orange County Short Sales | Tags: , , , , , , , |

Orange County housing forecast

Will you be able to move in 2016?

Thinking about making some real estate moves this year or next? Check out The OC Home Fair at Chapman University coming up on Jan 30th. The event is free and offers 5 sessions guided by experts (1/2 hour each) with various classes for all levels of real estate education.

Taking a Saturday every year to protect your biggest investment is a great success strategy. Just think of how much better your life would be if you maximized your real estate opportunities! This event is pitch-free and will teach you to do just that. Fill out the form below for a personalized session plan based off your individual real estate goals:






We look forward to seeing you at #HomeownershipDay & helping you achieve your OC real estate goals!

Questions??? Comment below or like our for more details Facebook page.

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OC Home Fair & SoCal Home Ownership Day 2015 is this weekend!

Posted on March 25, 2015. Filed under: First Time Buyer help, Home Improvement Ideas, Home Seller Tips, Informed Investor Alliance, Making Life Easier, Orange County CA Foreclosures, Orange County Home Improvement, Orange County Real Estate, Orange County Short Sales, Orange County things to do | Tags: , , , |

10923534_364393790399627_1417328444113218007_nHave any plans for this Saturday March 28th? If not, come visit the OC Home Fair at Chapman University. Learn everything about everything on home-owning, buying/selling, investing and plenty more! The speakers are industry leaders and hand selected – the best of the best!  The event is designed to help normal people make the most of real estate, and Chapman graciously hosts it with our YPN group, The OC Register, and NeighborWorksOC every year for FREE!

Existing Homeowner Classes

For all you home owners out there, there are plenty of seminars that could help and educate you. Everyone wants to save money, right? “Go Green and Save Money” and “ Ways to Reduce Your Electric Bill” are a couple of seminar suggestions that will help save precious pennies! Would you like  to be an “Automatic Millionaire Homeowner“?  It’s actually a really easy concept – you’re invited to come learn how.  Thinking about a loan mod? Loan Modifications Tips and Tricks is taught by a non-profit.  You’re welcome 😉 Then, it may be time to consider Moving On Up: Making a Smooth Transition.

Classes To Buy A Home

Loans can be confusing, so there are TONS of classes, FHA Loans and Changes: What You Should Know or How Interest Rates Affect Buying Power is also super important.

First time buyers, check out “Steps to Buy Your First Home” to know what to do. Need better credit first? Well.. there is a class for that too, Ways To Improve Your Credit Score. Foreclosures are always a bummer! But did you know there is Life After Foreclosure and you can get back in the game? Closing costs can be scary but we have a class for that; Closing Costs: What Should I expect?. Want to know The Escrow Process, What to Expect With Your Home Inspection, or How To Make The Most Of A Small Space?  Come find out!

ochfgraphic

Learn How to Invest in Real Estate

Investing is always a good long term plan if done correctly. Find out Property Management: Do’s and Don’ts and Commercial Property Purchases: Do’s and Don’tsStaging Your Home for Top Dollar is totally important along with, Deferring Capital Gains Taxes: 1031 Exchanges and Orange County Housing Market Report.  All of these sessions are custom tailored to teach you crucial things to know!

A huge thank you to the OC Register, YPN, Neighborworks OC  and Chapman University. They have all put hard work into promoting and supporting this annual event. Also a big thank you to all the speakers who take time out of their day to help educate the community on the important factors of everything Real Estate!

Now, Hurry and register for any class that interests you before all the seats fill up at www.OCHomeFair.com!!

Questions or comments?  Hashtags are #HomeownershipDay or #OCHomeFair.  See you Saturday 12-5pm!

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Newport Beach real estate – Balboa Peninsula homes for sale

Posted on April 23, 2014. Filed under: First Time Buyer help, Making Life Easier, Orange County CA Foreclosures, Orange County Real Estate, Orange County things to do | Tags: , , , , |

Newport Beach real estate

Newport Beach real estate

Newport Beach real estate is booming with summer on the horizon.  Newport offers many interesting and unique homes – no cookie cutter here!  If you’re considering moving to the beach, Newport Peninsula offers excellent cuisine, watersports, beaches, piers, and people. The Balboa Fun Zone is located within the heart Newport Beach and offers fun activities for people of all ages to enjoy!  The activities in Newport Beach are endless and include: paddleboarding, fishing on the pier, bicycle riding on the boardwalk, boat rentals, bon fires or taking the ferry to enjoy a day on Balboa Island. Shops and fine dining are conveniently located throughout Newport Beach. Enjoy taking a stroll through the shops along the boardwalk, walking around Fashion Island exploring surrounding cities such as Corona del Mar and Crystal Cove. Indulge in an array of cuisine options, whether you like Sushi or Pizza, it is all available in Newport Beach. Imagine all of the wonderful amenities that come with living in Newport Beach. Newport is the place to be!

Balboa Peninsula homes for sale

Find Balboa Peninsula homes for sale on our website at http://properties.askangie.com.  You can schedule a search here and new properties that hit the market will be emailed to you the day they become available.  Newport peninsula properties usually start just under 1M, and they go over and above 5M. Whether you are looking for a one bedroom or a place for the whole family, Newport Beach offers homes to accommodate any lifestyle. You are sure the find a home on the Balboa Peninsula that will catch your eye and is within your budget. We strive to find nothing but the best for our clients, which is why we pride ourselves in our ability to ensure that your wants and needs are met with professionalism and enthusiasm. Let us help you find that house that you have always wanted to call a home. Now is the time to take your dream of luxury living and make it a reality!

If you’d like to learn more about Balboa Peninsula properties for sale, simply call us toll free at 877-230-3211 or tweet @AskAngieTeam any address you are interested in.

 

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What’s in store for Orange County Real Estate in 2014?

Posted on January 14, 2014. Filed under: First Time Buyer help, Home Seller Tips, Informed Investor Alliance, Lenders & Loan info, Orange County CA Foreclosures, Orange County Real Estate, Orange County Short Sales | Tags: , , , , , , |

Orange County 2014 Real Estate Economic Forecast

What’s in store for 2-0-1-4?

Today we had the pleasure of attending a lunch & learn by The Real Estate Focus Group and Steven Thomas, one of Orange County’s best real estate forecasters.  Steven’s reports have been published in Forbes, USA today, NY Times, and especially the OC Register because he’s constantly pulling tons of valuable data about what’s going on with the OC housing market.

2013 Real Estate Review

In 2013, short sale volume dropped by 61%, (holla:) we experienced a hot hot hot market with 18% appreciation and then the unrealistic sellers entered the market after June.  We saw many more move up sellers, which is a great sign.  There was a significant lack of inventory at the beginning of the year, followed by a spike and overpriced inventory in the fall.  We also had a refinance bonanza, so hopefully you took advantage of that!  Interest rates are still historically low, but tapering is looming, so 2014 is a year to get your financing while financing is still good.

2014 Real Estate Ramp Up

We currently have 5000 homes on the Orange County market, and we have a 49% increase in inventory since this time last year.  Our market is healthy because interest rates are still low (but expected to go up), and we are currently at 90% equity (standard) sales.

Only 5% of the mortgaged homes in Orange County are currently underwater.  That means 95% of you are back to even or have (gasp!) equity – FABULOUS NEWS – and this makes the perfect formula for a continued move up market.  If you’d like to get the house with the yard or the pool, this year is opportunity time for you.

First time buyers who have been squeezed out of the market the last 12 months will come back, even though their rates are a little higher and FHA guidelines have changed.  In addition, more luxury buyers are expected to enter the market this year.

Sellers, our expected time for a properly priced home on the market in Orange County is 93 days.  Our median sales price is 610K, and buyers, your monthly payment for a 4.5% loan at this price is approximately $2500.  Still affordable.  Unless you like paying off your landlord’s mortgage instead.

New home construction is going up: Rancho Mission Viejo, Great Park Irvine, and Baker’s Ranch in Foothill Ranch are all big developments underway.  Remember it’s still a good idea to have a Realtor represent you even in a new build situation, so be sure to call us if you would like to check out any of the inventory out there.

Some concerns for 2014….. uncertainty, lack of fair market value homes, interest rates, and the circus in Washington DC.

Some expectations for 2014…… buyers will insist on fair market value vs. paying over appraisal, active inventory will continue to rise, interest rates will continue to rise, and we should have a mild appreciation of 0-5%.

If you are interested in MORE geeky data, we have it at our fingertips!  Just email angie@askangie.com, tweet @angieweeks or @weeksteam, or call 877-230-3211 to request a copy of this month’s Orange County housing report.

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California Real Estate Market Update from Leslie Appleton Young

Posted on November 15, 2013. Filed under: First Time Buyer help, Informed Investor Alliance, Lenders & Loan info, Orange County CA Foreclosures, Orange County Real Estate, Orange County Short Sales | Tags: , , , , |

California Real Estate Market update 2014What’s in store for Orange County Real Estate and the California market in general in 2014? We had The California Association of Realtors Chief Economist Leslie Appleton Young present a ton of great market data and facts today, so we wanted to share with you!

Here are 8 quick facts about CA Real Estate:

1. REO level is at 5%. There are only 205 bank owned properties for sale in OC right now.

2. There are now only 15.4% underwater homeowners in California.

3. Foreclosure and delinquency rates are now at their historic normal level. (Big WHOOP WHOOP!!)

4. Sept median price in CA for detached homes: $428,810

5. 72% of properties from the beginning of this year had multiple offers. (This is why you need a good Realtor!)

6. 82% of investors bought & HELD. Only 18% flips in 2013.

7. There are 3.6 months of inventory supply in CA as of Sept.

8. Only 28% of buyers were first time buyers because they were outbid by all cash investors 😦 The long running average is 38%.

The big question: Will there be home appreciation or depreciation in 2014????????

Leslie predicts we will have more inventory, and sales volume will be up 3.2%. She is projecting a 6% appreciation, and mortgage rates will RAISE to 5.3%.

What does this mean for you? It’s a great time to seize the opportunity of lower prices while rates are still in the 4’s! Call us at 877-230-3211 for help and to maximize your investments!

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California Home Buyer Recovery Timeline – do you agree???

Posted on May 25, 2012. Filed under: Home Seller Tips, Informed Investor Alliance, Orange County CA Foreclosures, Orange County Real Estate, Orange County Short Sales | Tags: , |

ImageHappy Memorial Day!!  We hope you have a nice and relaxing long weekend planned 🙂  Here’s an interesting email we received about homebuyer recovery from the folks at FirstTuesday.us and Barry Zanck, one of our preferred lenders.  What do you think?

California Home Buyer Recovery

2005-2009 California economic development stagnates.

2007-2009 The Great Recession

2009-2010 The Federal Reserve takes direct control of long-term interest rates – all new mortgages are Fed funded by bonds.

2009-2016 The Lesser Depression, characterized by persistent slow job growth and low demand from home buyers, while dominated by speculators.

2010-2015 Home sales remains on a “bumpy plateau” recovery approximating their 2010 numbers. The state’s homeownership rate drops below 55% (state’s historic point of stability) to near 50%. Collectively, short sales, foreclosures sales and REO resales remain high.

2012-2013 The most likely bottom for home sales volume to users, followed by an extremely gradual sales volume recovery for lack of user demand. Apartment construction begins to rise noticeably in response to tenant demand.

2014-2015 Prior low pricing and low interest rates spark a bounce in home sales volume. This bounce is short-lived, as the Federal Reserve raises rates to control the pace of recovery and prevent momentum buying. Property prices keep pace with the rate of consumer inflation. Speculators holding SFRs acquired two or three years earlier begin to dump them

2014-2016 Home sales stabilize. Shortsales, foreclosures, bankruptcies and REOs remain high. 300,000-400,000 new jobs are created annually for a return to the December 2009 peak level. Generation Y begins to come of age and buy homes.

2016-2017 Full recovery mode for employment, home sales, then pricing. SFR construction rises, though no where near Boom-time heights.

2017-2018 Interest rates rise again.

2018-2020 Excess inventory of vacant homes finally returns to pre-recession levels. Generation Y begins to pick up homebuying activity en masse. Homeownership in California is at 50%.

2020-2025 Negative equity homeowners who refused to strategically default finally work their way out of debt and return to a stable financial status, the poorer for it.

2025+ Home prices return to peak levels of 2006. The lessons of the Great Recession forgotten, and home sales hedonism returns. The mistakes of the past are repeated and the cycle continues.

We agree that we are probably at the bottom right now, as we’re already seeing an uptick in California homebuyer interest, and a decrease in inventory.  We disagree that interest rates will stay low until 2017…..although wouldn’t that be nice???!  We also agree (unfortunately) that the lessons of the past will be forgotton by 2025, and the market will again cycle.  It always does!

What do you think?  Please comment below or tweet us @angieweeks or @weeksteamShould you be interested in buying ‘at the supposed bottom’, please call us at 877-230-3211, and we’re happy to show you homes over this Memorial weekend!

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OCYPN & Habitat For Humanity Schedule Mission Viejo Property Rehab

Posted on January 5, 2011. Filed under: OC Charities, Orange County CA Foreclosures, Orange County Home Improvement, Orange County Real Estate | Tags: , |

Orange County Young Professionals Network is very excited to be working with Jennifer Chung and the folks over at Habitat OC to improve our community 🙂

We’ve set a date to rehab a property in Mission Viejo!!

Date: Friday, January 21st
Time: 7am – 3pm
Place: address to be provided upon sign up; we know it’s a property Mission Viejo that needs our help!

Orange County Realtors of ALL ages…..would you like to join us? If you’ve never worked with Habitat check out http://www.habitatoc.org or read a post or two we’ve written over the years. They are a wonderful organization who focuses on putting roofs over deserving heads and educating about homeownership.

For more details tweet @weeksteam or @angieweeks, like OCYPN on Facebook, or email Angie@askangie.com. Hope to see you at the build!

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Fighting Foreclosure in Orange County

Posted on September 28, 2010. Filed under: Making Life Easier, Orange County CA Foreclosures, Orange County Real Estate, Orange County Short Sales | Tags: , |

The present foreclosure stats tell a grim story. Hard-working folks are losing their homes in alarming numbers. Fortunately, people facing foreclosure in Orange County are not as defenseless as they think. That’s why I’ve started this informative new blog series — Fighting Foreclosure. It’s all about helping people discover the options and resources they have when facing the prospect of losing their home.

The series kicks off with some valuable information from Shaun Smith, a specialist in foreclosure delay in Orange County.  According to Shaun, the first thing you should understand is that banks don’t actually carry out the foreclosure action. They appoint a trustee to do the dirty work, including getting your home sold at auction. Now here’s the really crazy part. Unlike other states, California has no judicial-monitoring system in place to oversee trustee actions. So guess what? In order to expedite the process and maximize both bank and personal benefits, trustees invariably commit violations. Sometimes a lot of them. And who loses? Of course — the beleaguered homeowner.

Shaun’s service,  Mortgage Crisis Remedies, combats these abuses and basically buys the homeowner time so they can remedy their non-performing loan. That could mean everything from continuing with a loan modification, short sale, or walking away with the cleanest possible credit record.


How does Shaun’s service accomplish all of this?  By conducting in-depth investigations to discover trustee violations, then offering the trustee the choice of either delaying the home sale or facing sanctions that would result in loss of license. And guess what?  That’s right. In a supreme act of self-preservation, the trustee invariably postpones the sale — usually by 1-4 months. This gives the homeowner leverage to bring the bank back to the negotiating table.  In a nutshell, Shaun ensures that all legal requirements are met before the house is sold. A judge sure isn’t going to do it.

If you’d like to learn more about foreclosure delay in Orange County, Shaun or any team member on our TEN Dimensions team will be happy to help. Reach out to him at 949.241.0218 or shaun@mortgagecrisisremedies.com. And breath a lot easier.

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How Short Sales and Foreclosures Can Affect You

Posted on August 12, 2010. Filed under: First Time Buyer help, Lenders & Loan info, Making Life Easier, Orange County CA Foreclosures, Orange County Real Estate, Orange County Short Sales | Tags: , , |

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.

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Orange County Foreclosure Help – TEN Dimensions Team

Posted on August 11, 2010. Filed under: First Time Buyer help, Making Life Easier, Orange County CA Foreclosures, Orange County Real Estate, Orange County Short Sales | Tags: , , , |

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.

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Orange County CA Economic Update – Gary Watts says…..

Posted on June 25, 2010. Filed under: First Time Buyer help, Informed Investor Alliance, Lenders & Loan info, Orange County CA Foreclosures, Orange County Real Estate |

Hi everyone,

Just got back from OCAR’s annual meeting held at the beautiful Aliso Viejo golf course.   I thought I would record a video update for you 🙂

I know you have comments, let ’em fly!!

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More on Mission Viejo Real Estate Foreclosures

Posted on March 5, 2010. Filed under: First Time Buyer help, Making Life Easier, Orange County CA Foreclosures, Orange County Real Estate | Tags: , |

Get a Leg Up on Mission Viejo Real Estate Foreclosures

No doubt about it. Real Estate Foreclosures are helping to heat up the marketplace throughout the country. And one of the most popular foreclosure hotspots is Mission Viejo. There are many reason for the undeniable appeal of this fair city. Among them are high quality of life, an acclaimed school system, abundant recreation, safety, stunning architecture, and plenty of good ‘ol sunshine. Now factor in the great price of a foreclosure property, and Mission Viejo becomes downright irresistible.

Alright, you want to grab one of these amazing Mission Viejo foreclosures. Great. But there are a couple of  things you should know to plunge into the market at full power.

Move at Lightspeed

There are plenty of foreclosure properties available. But they go fast, folks. One nanosecond late, and you could miss the deal of a lifetime. On an average, these properties are snapped up within 7 days of being listed. That’s no surprise, since these homes generally on the market at about 10% below market value. So don’t sit around waiting for one to fall into your lap. You’ve gotta get up and get out there if you want to grab those deals. We’re talking lightspeed.

Be Prepared

A  lending institution expects all relevant documents to be in order at the time you make your offer, NOT when your meticulously crafted offer is accepted. Your agent will know more about what to have and when to have it. Just make sure you’re ready. Because if you aren’t, the local bank can choose from plenty of other eager buyers who are.

Grab a Great Deal in a Great City

No doubt about it. Mission Viejo Real Estate foreclosures offer great deals in a great city. Act fast and go in prepared, and you tremendously improve your chances of snapping one up. If you’d like to learn more about these buying opportunities, I’m ready to help. Just contact me at 949.338.7408 or angie@askangie.com. Or follow me @AngieWeeks or @WeeksTeam.

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What’s a Hud home? How do I buy a HUD property?

Posted on October 14, 2009. Filed under: First Time Buyer help, Informed Investor Alliance, Orange County CA Foreclosures, Orange County Real Estate | Tags: , , , |

How to buy a HUD home in Orange County, CAIts interesting, we’ve been doing real estate for years now and haven’t had to answer the “How do I buy a HUD home?” question.  We don’t see that many come around.  Today, however, we found a 2/1/1 in Mission Viejo for 160K!

What exactly is a HUD home?

Of course, you know HUD stands for US Dept of Housing and Urban Development.  The listing agent, Barbara Kerr with Realty Execs, explained HUD homes as properties with FHA loans that had been foreclosed on.  Because FHA is a government backed loan, these properties go back to HUD when owners abandon the property or go through foreclosure.

How do I buy a HUD property?

Not just anyone can get their hands on one.  HUD homes have a special key to enter; they don’t have normal lockboxes and supra keys us Realtors typically use.  Interesting… *thought* there could be less competition for our buyers on these properties because this is an additional hoop to jump through. Of course, we checked the details on the website – we need to have a Name and Address Identifier number with HUD in order to make a bid.  It appears the required NAID # is issued to our broker, not us.  So, we’ve been in touch with Darrell our fabulous broker to see about getting all set up 🙂

Barbara, the nice & helpful *yay, rare!* listing agent, said she gives a class on it, I told her I would like to attend.  I’ll blog more after that…We’re always learning something in real estate!

Having capability to offer on HUD properties will help both our investor and first time buyer clients – double win!!

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Good news about Short sale taxes, and Mortgage PMI from an expert ;)

Posted on September 1, 2009. Filed under: Home Seller Tips, Informed Investor Alliance, Orange County CA Foreclosures |

Hi everyone!

Thought you’d enjoy this real estate update from Suze Orman – feel free to post questions below!

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Orange County CA Foreclosures Are a Great Investment

Posted on April 17, 2008. Filed under: Orange County CA Foreclosures, Orange County Real Estate |

The Orange County real estate market is suffering.  Last month alone, there were over 2400 Orange County foreclosures on the market.  And while that spells bad news for sellers trying to make a huge profit on their homes, its great news for buyers looking to cash in on the falling home prices in the area.

 

When banks foreclose on a property, their goal is to recoup as much of their money as possible, and to do it quickly.  Sitting on a home for months does the bank no good – especially when they have thousands of Orange County CA foreclosures to deal with.  That’s why right now is a great time for buyers to get into the market.  Not only can you already find reduced home values in general, but if you choose an Orange County bank-owned home then you will most likely pay an even further reduced price.

 

Since there are tons of Orange County foreclosures on the market right now, it’s really in your best interest to get the help of an Orange County realtor to help sort through which properties hold the best potential and value for your future.  You’ll want to make sure you know exactly what you’re getting – so CALL a REALTOR TODAY!

 

You can also get a list of all Orange County foreclosures, Orange County CA REO homes (real-estate-owned), and Orange County CA auction homes to get you started.  Just shoot me an email at Angie@AskAngie.com with your contact info and I will be glad to get a list to you.

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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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