One Defaulting Owner’s Free Ride: Three Years and Counting

Mar 16th, 2010 by IrvineRenter 

Freeloaders enjoying the entitled life are not confined to subprime areas. Today's featured property may be the worst case of housing entitlement in the country, and it is right here in Irvine. 

 

Irvine Home Address ... 14 BLUEBELL Irvine, CA 92618
Resale Home Price ...... $469,900

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Uncle Sam Endorses Cash-For-Keys

Mar 9th, 2010 by IrvineRenter 

Uncle Sam has embraced cash-for-keys as part of its initiative to streamline the short sale process. Can we expect to see many more successful short sales soon? 

 

Irvine Home Address ... 58 WOODLEAF Irvine, CA 92614
Resale Home Price ...... $359,000

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Posted in Library News Short Sale

High-End Owners Compete for Buyers and Dance with Asking Prices

Mar 3rd, 2010 by IrvineRenter 

Lenders work to inflate our flagging housing bubble to limit their losses. The lender of today's featured property is hoping for $275,000 extra in its loss recovery efforts. Are you willing to step forward and help them out? 

Irvine Home Address ... 101 LATTICE Irvine, CA 92603
Resale Home Price ...... $1,100,000

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Alan Greenspan Embarrasses Self with Feeble Defense of His Failed Philosophy and Policy

Feb 16th, 2010 by IrvineRenter 

Alan Greenspan refuses to go to pasture quietly; therefore, bloggers like me need to remind everyone that Alan Greenspan is a dangerous fool who plunged the world economy into a near catastrophic depression and caused properties like today's to become elevated in price far beyond any rational measure. 

North Korea at NightMarquee at Park Place at Night

Irvine Home Address ... 3131 MICHELSON Dr 1702 Irvine, CA 92612
Resale Home Price ...... $899,999

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Urgency Versus Reality: realtors Win, Buyers Lose

Jan 26th, 2010 by IrvineRenter 

realtors exhibit a pathology I call "realtor Mind" ® that places their self-interest above the interests of their clients. We will explore that issue today as well as feature an epic HELOC abuser who has been gaming the loan modification system since 2007.

14 JACKSON Irvine, CA 92620

Irvine Home Address ... 14 JACKSON Irvine, CA 92620
Resale Home Price ...... $699,000

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Posted in Short Sale

Housing Guru Calls for Principal Reductions

Jan 25th, 2010 by IrvineRenter 

No, not me. John Mulkey, Housing Guru from Waleska, Georgia, calls for principal reductions. Today we examine his arguments and a beautiful short sale in Shady Canyon.

96 CANYON Crk Irvine, CA 92603 front 96 CANYON Crk Irvine, CA 92603 kitchen 

Irvine Home Address ... 96 CANYON Crk Irvine, CA 92603
Resale Home Price ...... $4,500,000

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Posted in Short Sale

A Theory of House Prices and Housing Markets

Jan 18th, 2010 by IrvineRenter 

Why are house prices what they are, and where are house prices going? Today's posts answers those questions by providing a conceptual understanding of house prices and housing markets. 

508 ORANGE BLOSSOM Irvine, CA 92618 plan 508 ORANGE BLOSSOM Irvine, CA 92618 kitchen

Irvine Home Address ... 508 ORANGE BLOSSOM Irvine, CA 92618
Resale Home Price ...... $135,000

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Posted in Short Sale
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