In a competitive society like ours, there are winners and losers. The people who bought before the bubble, did not HELOC their home, and are selling in time to cash in that bubble equity are the winners. Let’s celebrate them today.
Asking Price: $747,500
Address: 14811 Mayten Ave, Irvine, CA 92606
BTW, I am guest contributing to the Irvine Homes blog this week. Today’s post is a community profile on Woodbridge.
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Some lenders are now accepting bids on short sales to spare them the hassles and expense of a foreclosure. Some of these firesale prices—at least by today’s standards—are resulting in sales. Will this one?
Asking Price: $529,000
Address: 4142 Fireside Circle, Irvine, CA 92604
BTW, in case you missed it yesterday, the IHB is mentioned in Huntington Homes: Surf City home-equity ‘abuse’: ‘So many you can’t believe it’.
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When the market turned in the summer of 2006, Columbus Grove dropped precipitously. The owner of today’s featured property missed that memo.
Asking Price: $1,249,000
Address: 14 Desert Willow, Irvine, CA 92606
BTW, the IHB is mentioned in Huntington Homes today. Surf City home-equity ‘abuse’: ‘So many you can’t believe it’
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Four and one-half percent interest rates create some unique opportunites, defer some big problems, and create other problems. The policy will probably save the Federal Reserve’s member banks billions of dollars, and that is all they care about anyway.
Asking Price: $425,000
Address: 97 Weepingwood, Irvine, CA 92614
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I have a special treat for Mother’s day. A local author has contributed some of her work for the blog. I hope you enjoy it.
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Our popular tour to surrounding communities in search of HELOC abuse has turned up a gem in Newport Coast. I admit, I cherry picked this one, but I suspected I could top the $3,367,500 HELOC Abuse from Hollywood and even the $5,000,000 HELOC abuse from Laguna Beach last week, and I was right.
Newport Coast sets the new HELOC Abuse record: $7,000,000. Congratulations Newport Coast!
Asking Price: $6,500,000
Address: 28 Shoreridge, Newport Coast, CA 92657
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Some people claim they are merely victims of bad market timing. But how bad can timing really be? How about purchasing a tiny condo a few days before subprime imploded; that would do it.
Asking Price: $299,900
Address: 113 Rockwood #30, Irvine, CA 92614
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