The Short Sale Gambit

Aug 31st, 2009 by IrvineRenter 

Do very low short sale prices still have shock value? If too many sellers go this route, the shock wears off, and expectation of lower future prices becomes the norm.

26 E Midsummer   Irvine, CA 92620  front 26 E Midsummer   Irvine, CA 92620  kitchen

Asking Price: $568,000

Address: 26 E Midsummer Irvine, CA 92620

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Open Thread 8-29-2009

Aug 29th, 2009 by IrvineRenter 

The properties in Rosegate are beautiful, but the prices are still borderline WTF.

35 New Dawn   Irvine, CA 92620  front 35 New Dawn   Irvine, CA 92620  kitchen

Asking Price: $1,849,900

Address: 35 New Dawn Irvine, CA 92620

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Posted in

Ice Queen

Aug 28th, 2009 by IrvineRenter 

The housing bubble enriched some and wiped out others. In our ongoing deflation, some are taking advantage of our bear rally to start flipping again. Will they hit the jackpot?

14811 Groveview Ln   Irvine, CA 92604  front 1 14811 Groveview Ln   Irvine, CA 92604  front 2

Asking Price: $550,000

Address: 14811 Groveview Ln Irvine, CA 92604

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Posted in House Flips

$300,000 Gift from Bank of America

Aug 27th, 2009 by IrvineRenter 

Bank of America underwrote a $300,000 HELOC that was a complete loss in less than 1 year. 

8 Sunstream   Irvine, CA 92603  front 8 Sunstream   Irvine, CA 92603  kitchen

Asking Price: $429,000

Address: 8 Sunstream Irvine, CA 92603

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Posted in Real Estate Owned

Spending Garden

Aug 26th, 2009 by IrvineRenter 

The people who spent their homes are the ones selling now. Today we have two in the same neighborhood.

182 Garden Gate Ln   Irvine, CA 92620  front 182 Garden Gate Ln   Irvine, CA 92620  kitchen

Asking Price: $558,880

Address: 182 Garden Gate Ln Irvine, CA 92620

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Posted in HELOC Abuse

Irvine or Laguna Beach?

Aug 25th, 2009 by IrvineRenter 

Irvine and Laguna Beach are very close, and although the lifestyles are very different, the housing markets draw from the same buyer pool. Pricing in one community impacts the other.

20 Wildland   Irvine, CA 92603  front 20 Wildland   Irvine, CA 92603  kitchen

Asking Price: $1,998,000

Address: 20 Wildland Irvine, CA 92603

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Posted in House Flips WTF

How Do You Feel About HELOC Abuse?

Aug 24th, 2009 by IrvineRenter 

My feelings about HELOC abuse keep changing, and I am not angry anymore. How do you feel when you think about this now?

12 Rutherford   Irvine, CA 92602

Asking Price: $830,000

Address: 12 Rutherford Irvine, CA 92602

The Great Housing Bubble

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Posted in Real Estate Owned
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