Most lenders are off their foreclosure moratoriums, and they are beginning proceedings in earnest. But there is another issue not getting much press coverage, and that is the number of REOs being withheld from the market. Today’s featured property was bought at foreclosure on 7/22/2008, and it is just now coming to market.
Asking Price: $849,900
Address: 30 Desert Willow, Irvine, CA 92606
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Market distress is clearly working its way up the market strata. Today’s featured property is a Northwood II 4/4 asking $285/SF.
Asking Price: $680,000
Address: 34 Bombay, Irvine, CA 92620
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REO pricing is starting to really pummel the bottom of the market. Today’s featured property is being offered for 50% less than its peak purchase price.
Asking Price: $244,900
Address: 27 Snowberry #33, Irvine, CA 92604
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Californians have become masters of the personal finance Ponzi Scheme. Today we will examine how it happened and how it works.
Asking Price: $399,000
Address: 51 Cartier Aisle, Irvine, CA 92620
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We are the Irvine Housing Blog, and during the week, I focus exclusively on Irvine properties. However, the weekends I leave open for exploration. If I am particularly inspired (and ambitious), I will do more than provide an open thread. This weekend, I was inspired.
Asking Price: $3,675,000
Address: 501 S Rossmore Ave., Los Angeles, CA 90020
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The decline at the low end of the market is truly remarkable. Even in Irvine, there are properties 43% off the peak.
Also, check out the newest blog in town: Irvine Homes.
Asking Price: $199,000
Address: 7215 Apricot Drive #7215, Irvine, CA 92618
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Today’s post began as an email exhange between me an OC Progressive. He has analyzed the impact of the loss of mortgage equity withdrawal on the local economy. What he found is remarkable.
Asking Price: $635,000
Address: 21 S Caraway, Irvine, CA 92604
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