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The News With The Irvine Company – Fastest Selling Homes In The US – Sells Out Each Phase At Woodbury, Orange County Real Estate

Donald Bren’s announces he would open seven new communities in Woodbury and Woodbury East this spring in an attempt to jump start the market–was going well, but as he took a visit to the model center last week he announces that things are not going well, they are going great. Almost every home that is …

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Is Housing Really in Recovery? Is Gas Prices Effecting The Recovery?

During one of my reports today on how gas prices could affect the housing recovery, one of the anchors asked me if I really believe there is a housing recovery right now.
THIS IS A GOOD QUESTION…
Today a new report found that of 111 housing market experts and economists surveyed, nearly half foresee a double-dip in …

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Effects on Homeowners & Renters – Orange County Real Estate

Credit Impact-
A borrower that becomes delinquent on their mortgage, completes a short sale, gives the property back using a deed-in-lieu, or is foreclosed upon, will have their credit negatively impacted.

Negative impact on a credit report is generally limited to 7 years.
Current guidelines allow qualification for Federal National Mortgage Association (Fannie Mae) insured loan 5 years …

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Ex-Angels pitcher’s mansion sells for $5.4 million – Irvine – Shady Canyon

The Shady Canyon estate of onetime Angels pitcher Mark Langston has sold for $5,350,000. That might sound steep, but it’s actually nearly 50% off the original asking price.
The 5-bedroom house at 56 Golden Eagle in Shady Canyon sits on one of the biggest lots in the Irvine community, at nearly an acre. The home was initially listed at …

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New Home Sales Down 80%, Down 18.6% From Last Year, Down 11.1% From Last Month…. Irvine Real Estate

New home sales fall to new lows an astonishing 80% off the peak. Our dismal resale home sales figures are even worse than we knew.
It’s even worse for the new home industries. There are many consultants who make a living providing services to real estate developers and home builders. When homebuilding is off, a major …

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Find Out Exactly What Asset Managers Are Looking For When Selling Bank-Owned Properties. Irvine Real Estate-Irvine Homes-Condos

•Specific steps you need to take to buy a bank REO in real-life;
•How to structure your offer to make it look irresistible to the bank;
•When and when not to low-ball your offer;
•How to get closing cost help;
•What types of properties to buy;
•Whether to buy in an LLC or individually

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3,295,000 Incredible Ocean Views…Dream Home In Lunada Bay. Irvine Real Estate-Irvine Homes-Condos

Hear the surf crash against the rocks, like living in your own private retreat. The property runs from street to street with the garages in the back so every major room can take advantage of the incredible views. Sparkling pool and spa, sport court and lots of grass to enjoy. Light and bright open floor …

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MORE INCENTIVES…FOR THE YOUNGER CROWDS TO BUY A HOME?!?!

 
Younger Americans may now have added incentive to enter the housing market. New research reported by the National Association of Home Builders (NAHB) shows that certain mortgage tax deductions may decline with age, and thus favor the younger set of the nation, specifically those aged 18 to 45.
Recently released Statistics of Income (SOI) data …

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Is Your Home A Safe Environment For Your Child? View The Top 10 Safest Cities.

Being a parent can be tough. We hover, we worry and are constantly on alert for dangers our kids could face at any given moment — from zipping off on their bikes without a helmet to wondering if our homes are safe from any calamity they could encounter. So, it comes with some reassurance there …

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BUYING VS. RENTING

Buying versus Renting
There are many advantages to buying a home versus renting one. View these advantages in the Buy vs. Rent Comparison Chart.
Your income, savings, and monthly expenses play an important role in determining how large a mortgage you can afford.
Savings: Buying
In many cases, the amount of money a renter spends on rent can be …

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