Not a short sale? Yes, if you raise your asking price enough, a sale would cover your mortgage debt. Now if you could only find a buyer….
Go check out an interview with me at the Irvine Homes Blog (Blogger: Irvine housing market nowhere near bottom).
Asking Price: $729,000
Address: 56 Oakdale Irvine, CA 92604
Rising interest rates will be the end of our Spring rally. Transaction volumes will fall first, and prices will fall later.
Asking Price: $399,000
Address: 157 Lockford, Irvine, CA 92602
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2003 Rollbacks are the leading edge here in Irvine, and they are becoming much more common.
Asking Price: $299,900
Address: 123 Huntington, Irvine, CA 92620
Make sure you check out this post over at Huntington Homes.
Read the rest of this entry »Due to the foreclosure moratoria, overwhelmed REO departments and a reluctance to take losses on bad loans, the foreclosure and disposition process is taking much longer than it should. In the interim, homedebtors facing foreclosures get to live rent-free in $1,000,000 properties.
Asking Price: $995,000
Address: 25 Rose Trellis, Irvine, CA 92603
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Move-up housing is not an equity appreciation play as most people think. True move-up housing is cashflow savings technique that will be in vogue again in a few years.
Today we have another condo in Orangtee rolling back to 2003 pricing.
Asking Price: $299,000
Address: 294 Lemon Grove, Irvine, CA 92618
Did you see the weekend post, HELOC Abuse San Clemente Style? Kelli Hart has a follow up on South Coast Homes.
Read the rest of this entry »Not every neighborhood in Irvine is well planned. In fact, the section of El Camino Real between Yale and Jeffrey is rather poorly planned, and the property values suffer there as a result.
Asking Price: $559,000
Address: 4882 Flagstar Circle, Irvine, CA 92604
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Once an owner has extracted every penny of equity and “put” the property to the bank, they don’t care anymore because they think, “I Got Mine.”
Asking Price: $450,000
Address: 51 Lakeshore #20, Irvine, CA 92604
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