IHB News 7-10-2010

Jul 10th, 2010 by IrvineRenter 

For your weekend viewing pleasure, we have a bank owned property where the borrowers invested $200 and pulled out $145,500. No wonder houses are so popular in California.

 

Irvine Home Address ... 49 BAMBOO Irvine, CA 92620
Resale Home Price ...... $699,900

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Posted in News

Thinking About Accelerated Default? The Average Squatting Time Is Up to 449 Days

Jul 9th, 2010 by IrvineRenter 

For those thinking about accelerated default, they can look forward to an average of 15 months before they have to leave their properties -- and that is if they don't game the system for more time.

Irvine Home Address ... 10 BUTTONWOOD Irvine, CA 92614 
Resale Home Price ...... $699,500 

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Posted in Library News

How Low Will Mortgage Rates Go?

Jul 8th, 2010 by IrvineRenter 

Mortgage interest rates have hit historic lows over the last few weeks. Will they continue to go lower? 

 

Irvine Home Address ... 155 CHURCH Pl Irvine, CA 92602
Resale Home Price ...... $649,000

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Posted in Library News

Fannie Mae Bluffs Strategic Defaulters with Empty Threats

Jul 7th, 2010 by IrvineRenter 

Fannie Mae announces a policy to withhold loans from strategic defaulters for seven years and pursue deficiency judgements. Do you think they will really do it? 

 

Irvine Home Address ... 28 BELMONTE Irvine, CA 92620
Resale Home Price ...... $650,000

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Posted in Library News

House Prices Will Languish from 2010 to 2020.

Jul 6th, 2010 by IrvineRenter 

Housing will remain stagnate from 2010 to 2020 due to demographic shifts, higher mortgage rates, and shifting consumer taste in real estate

 

Irvine Home Address ... 8 BLACKBIRD Irvine, CA 92618
Resale Home Price ...... $829,000

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Posted in Library News

Interest Rates and Buyer Demand both Decline

Jul 5th, 2010 by IrvineRenter 

Lower interest rates are supposed to spur buyer interest, but the plethora of government incentives has pulled forward demand, and few buyers are left over to clean up the mess. 

 

Irvine Home Address ... 26 ARBORSIDE Irvine, CA 92603
Resale Home Price ...... $695,000

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Posted in News

Lenders Refuse to Foreclose on the White Majority

Jul 3rd, 2010 by IrvineRenter 

Lenders foreclosed on the subprime loans that targeted minorities, but now that the white majority is defaulting, they are being given a pass. 

 

Irvine Home Address ... 30 HONEY LOCUST Irvine, CA 92606
Resale Home Price ...... $875,000

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Posted in News
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