I hope you are enjoying your weekend. I have a Northpark condo for you to look at.
Irvine Home Address … 77 OLIVEHURST Irvine, CA 92602
Resale Home Price …… $455,000
{book1}
Heart of stone
I tried to reach you
Of the altar stone
I tried to warn you
But you were not alone
You wouldn’t take the call
You wear brimstone
I tried to warm you
Always the same desire
Sign of Fire — The Fixx
Housing Bubble News
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Realtors: home prices to rise 4 percent in 2010Housing Bubble News from Patrick.net
U.S. Foreclosure Filings Surpass 300,000 for 8th Straight Month (bloomberg.com)
FHA Reserve Ratio Falls to 0.53%, Lowest in History (bloomberg.com)
Orange County foreclosure notices hit record 8,800 (mortgage.freedomblogging.com)
The Truth: Dollar Drop Gives U.S. Exporters Gains (bloomberg.com)
Housing market still faces a big glut (money.cnn.com)
Widening gap between gov’t data and reality (nytimes.com)
Looming foreclosure wave will derail recession recovery in California (centralvalleybusinesstimes.com)
This Just In… More Borrowers Behind in San Diego (voiceofsandiego.org)
Even the Rich Are Treating Their Houses Like Piggy Banks (online.wsj.com)
Default notices rising in upper echelon ZIPs (sfgate.com)
Irvine Home Address … 77 OLIVEHURST Irvine, CA 92602
Resale Home Price … $455,000
Income Requirement ……. $85,661
Downpayment Needed … $91,000
Home Purchase Price … $609,000
Home Purchase Date …. 5/18/2005
Net Gain (Loss) ………. $(181,300)
Percent Change ………. -25.3%
Annual Appreciation … -5.7%
Mortgage Interest Rate ………. 5.20%
Monthly Mortgage Payment … $1,999
Monthly Cash Outlays ………… $2,830
Monthly Cost of Ownership … $2,200
Property Details for 77 OLIVEHURST Irvine, CA 92602
Beds 3
Baths 2 baths
Size 1,547 sq ft
($294 / sq ft)
Lot Size n/a
Year Built 2002
Days on Market 9
Listing Updated 10/29/2009
MLS Number P708979
Property Type Condominium, Residential
Community Northpark
Tract Aubr
According to the listing agent, this listing is a bank owned (foreclosed) property.
Welcome to Northpark. Guard Gated Community with resort like style living. Community pool, spa, tennis & basketball courts, clubhouse, parks & playground. Open floor plan with high ceilings with lots of window and plenty of sunlight. Very cozy balcony for enjoying the morning breeze. Huge Master bedroom with separate standing shower and a separate oval soaking tub. 3rd bedroom can be used as a den or an office or formal dining area. Separate Laundry room. 2 car attached garage with direct access into house. ALL CONTRACTS/OFFERS ARE SUBJECT TO SELLER SENIOR MANAGEMENT APPROVAL AND ANY OFFERS OR COUNTER OFFERS BY SELLER ARE NOT BINDING UNLESS THE ENTIRE AGREEMENT IS RATIFIED BY ALL PARTIES. ALL OFFERS ARE SUBJECT TO AND CONTINGENT UPON FINAL REVIEW AND ACCEPTANCE BY THE INVESTOR AND OR MORTGAGE INSURER. THERE IS A $75 DOC FEE PAID BY BUYER AT CLOSING.
Who thought the toilet paper roll would be a good staging prop? Classy.
And steam-cleaning the carpets before taking pictures wouldn’t have hurt either. I can’t believe the condition of many houses that realtors will show–it’s as if they believe that, no matter how trashed the place looks, someone will still pay the asking price. Who knows, maybe they’re right.
“ALL CONTRACTS/OFFERS ARE SUBJECT TO SELLER SENIOR MANAGEMENT APPROVAL AND ANY OFFERS OR COUNTER OFFERS BY SELLER ARE NOT BINDING UNLESS THE ENTIRE AGREEMENT IS RATIFIED BY ALL PARTIES. ALL OFFERS ARE SUBJECT TO AND CONTINGENT UPON FINAL REVIEW AND ACCEPTANCE BY THE INVESTOR AND OR MORTGAGE INSURER. THERE IS A $75 DOC FEE PAID BY BUYER AT CLOSING.”
It’s almost worded like a short sale. If your the realtor, would you invest in the staging or want the owner to do it?
Only $400 per month in condo and MR fees. What will the condo association cover with the increasing defaults on HOA fees? Without 3.5% downpayment loans on condo, condo prices are on a downward spiral. If BO had 3.5% down loans on condos has he has on houses, one could bid up the price, use the loan and walk away in 18 months. Then the bank could repeat the cycle one more time to have a “good economy” before the next presidential election.
What exactly is the US exporting? Food and manufacturing technology and existing tooling?
Our jobs!
Don’t forget USD as well. We’re the new Yen for carry trade.
I’d like to encourage everyone here to see COLLAPSE. I saw it last night and it’s absolutely terrifying. (www.collapsemovie.com)
Is Michael Ruppert crazy? Maybe. Do some of his arguments border on crackpot. Probably. Does his fundamental logic about peak oil and overpopulation hold water. Absolutely.
If you consider the fallout of this logic you really have to wonder if getting a 30 year loan for half a million dollars is the right thing to be doing at this point in history.
No. 2 export to China from California is garbage — no, no, I mean literally trash — waste and scrap.
http://www.businessinsider.com/chart-of-the-day-californias-exports-to-china-2009-11
I thought this was a steal, but then I saw the $75 document review fee and said this is out of my price range.
I’m wondering about the “3rd bedroom can be used as a den or an office or formal dining area.”
Would you really have a bedroom located off of the kitchen? Or would the dining room be up on the top floor with a little window? Sounds liké quite a strange floor plan.
I have a question – here on this blog sometime when a property is sold someone comes on here and lists properties in the area that are behind on payments or is financial distress.
How do you get that data? Is that a paid service or is there something available on-line?