IHB News 6-19-2010

Jun 19th, 2010 by IrvineRenter 

This weekend's featured property may be a sad case of unemployment causing a distressed sale. 

 

Irvine Home Address ... 8 DESCANSO Irvine, CA 92620
Resale Home Price ...... $950,000

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Safe Haven Markets are Really a Squatter’s Haven

Jun 18th, 2010 by IrvineRenter 

The housing markets that have not crashed are the areas where squatters abound.  

 

Irvine Home Address ... 15 TROVITA Irvine, CA 92620
Resale Home Price ...... $819,900

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Posted in Library News

Accelerated Default: What Strategic Default Really Is

Jun 17th, 2010 by IrvineRenter 

When people strategically default, are they ruthlessly ripping off their lender or merely deciding when they face the inevitable loss of their home? 

Irvine Home Address ... 27 MOMENTO Irvine, CA 92603 
Resale Home Price ...... $1,800,000

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Will HOA Lawsuits Compel Lenders to Foreclose on Shadow Inventory?

Jun 16th, 2010 by IrvineRenter 

Home Owners Associations are being crushed by delinquencies, and there is little they can do about it. If the first lien holder doesn't foreclose, HOAs can't get paid, and any bills are wiped out when the foreclosure finally does occur. Existing homeowners are the ones who are damaged most. 

 

Irvine Home Address ... 77 CANYONCREST Irvine, CA 92603
Resale Home Price ...... $650,000

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Posted in Library

Is Squatting a Viable Long-Term Solution to Stabilize the Housing Market?

Jun 15th, 2010 by IrvineRenter 

Should lenders give away houses to delinquent borrowers to stabilize house prices? Would you be happy paying your mortgage knowing that your lender gave your neighbor their house for free? 

 

Irvine Home Address ... 23 BOWER TREE Irvine, CA 92603
Resale Home Price ...... $705,000

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Posted in Library

There are 36,000+ Distressed Properties in Orange County

Jun 14th, 2010 by IrvineRenter 

 

We have at least three years worth of distressed inventory in Orange County, and that assumes we don't add more to it. Despite the rise in the median price, the housing market is not healthy. 

 

Irvine Home Address ... 103 AMBIANCE Irvine, CA 92603
Resale Home Price ...... $1,375,000

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Posted in Library

IHB News 6-12-2010

Jun 12th, 2010 by IrvineRenter 

 On this weekend's open thread, we have a look at a unique property in Irvine: a vacant lot.

Irvine Home Address ... 86 CANYON Crk Irvine, CA 92603
Resale Home Price ...... $1,995,000

  

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