Aliso Viejo, CA

RE/MAX Homes & Estates

Pre-Foreclosure Division

9241 Irvine Boulevard, Suite 150, Irvine, California 92618

(714) 588 -7676 ∙ www.ReMaxAnn.com

If you are in a situation where:

•You lost your job

•Your Medical Expenses are too high

•Just went through/going through a divorce

•You are behind on your payments

•You have no equity

•You can't afford the cost of selling your home

•Your income has been reduced

•You are in foreclosure

WE CAN HELP YOU! It's easy and doesn't cost you any MONEY! Our services are Free!!!

WHEN THE DEBT EXCEEDS YOUR HOME'S VALUE... we can help is with a SHORT SALE.

Benefits of a Short Sale:

•Avoid Foreclosure

•Avoid Bankruptcy

•Reduced damage to your credit

•Postpone your foreclosure sale date

•A short sale will stay on your credit approx 3 years

•BE FREE of financial and emotional burdens!

We are licensed Realtors that specializes in avoiding foreclosure. We will NOT buy your home, but will assist you in selling your home quickly. The lender will cover all closing costs including Realtor commissions. We can make selling your home MUCH EASIER FOR YOU and lift much of the financial burden off your shoulders-- OUR SERVICES DOES NOT COST YOU ANY MONEY!!!

You can sell your property and lift the financial weight off yourself with the help of a experienced short sale Realtor. Re/Max Homes and Estates short sale division has closed over 120 short sales nationwide within the last year. We have a 95% success rate. Do not trust just anyone to handle your short sale. List your home with an experienced Orange County short sale Realtor.

Regardless of your current situation I am here to assist you, so call me today to help you find a solution! You have options which can enable you avoid foreclosure proceedings and escape the 10 year scar it will leave on your credit, therefore, your future. Stop the inevitable and don't face Foreclosure IF YOU DO NOT HAVE TO! Best of all with a short sale my commission will be paid by the bank, so you won't have any out-of-pocket expense!

www.remaxann.com for more info or give me a call at (714) 588-7676

This Case Study chronicles another successful short sale transaction that was completed for a detached home in Aliso Viojo Ca. The home was purchased by the homeowner in March of 2007′ for $770,000, and was located in the Vista De Oro tract. At the time, this home was purchased using Zero down financing. They had a 1st Mortgage of $620,000 and a 2nd mortgage of $150,000. The first loan was a fixed rate and the 2nd loan was an adjustable rate.

The single family detached home was a 2,200 square foot, 4 bedroom, 3 bath home with 2 car garage. This property was sold and closed escrow in December of 2008, via a Short Sale by the Aliso Viejo ShortSalesASAP company. Due to the current financial crisis our economy is in, the home values have decreased by about 35% since the peak in pricing in Spring of 2006′. Orange County, CA. has been affected as well as the Aliso Viejo area. This Aliso Viejo short sale property decreased in value by about 25% from the time this home was purchased in 2007′, until it was sold at the end of 2008'.

Unfortunetly, the homeowner was having a very difficult time keeping up with their loan payments. They were upside down $200,000 and their debt to income ratio was to high to qualify for a Loan Modification.
In the Short Sale Preparation Phase we gather all of the required documents from the homeowner and contact the banks to present our short sale case. With some extensive negotiations, our expert team was able to obtain preliminary approval for the Short Sale along with terms and conditions. This Preparation Phase took around 4 weeks to accomplish. During that time the homeowner was able to live in the property, with no interruptions from other agents or prospective home buyers. In addition, they were able to stop making their mortgage payments and live rent free.

The next phase in the short sale process is the Marketing and Sales portion. The home was heavily marketed and posted in the Multiple Listing Service (MLS) at a price of $649,000. After 3 weeks, the price was dropped to $599,900. We obtained a qualified Buyer and after several counter offers, we were able to get them to offer $580,000 to purchase this home.

In the closing phase, we have the the buyer and seller sign the purchase contract and opened escrow for closing. At this time we packaged the purchase offer, Short Sale disclosures and Buyers loan qualification paperwork and submit the updated package to the 1st and 2nd mortgage banks. Our post short sale specialist then expedites the delivery of these documents to the bank's negotiators to finalize the short sale and obtain the approval letters in writing.

If you are wondering why a mortgage bank would accept a short sale, the reasons is pretty simple. The bottom line is that banks have found that they loose 15% more when they foreclose as compared to approving a short sale. These savings are due to reducing loss of the time, value of money, avoiding property damages, eliminating foreclosure legal expenses, and minimizing bank management overhead expenses.

At the completion of this short sale, the homeowners mortgage debt was completely eliminated. The homeowner lived in their home during this short sale process and did not have to make any loan payments which helped them during these financial hardships. They were also able to rent a comparable home for considerable less then what their payments used to be. In addition, the homeowners credit was less damaged by the short sale as compared to a foreclosure. Moreover, Fannie Mae (FNMA) altered their underwriting policy, so that a past homeowner only has to wait 2 years before they can buy another home using FNMA underwritten loans. If the homeowner went through foreclosure proceeding, their waiting period would be 5 years!

ShortSaleASAP is licensed with the California Department of Real Estate. Our services are free to the homeowner, for we are paid by the mortgage bank(s). If you have any questions regarding Short Sales, contact our team of experts at: (949) 388-3396 or drop us an email at: Info@ShortSalesASAP.com

ALISO VIEJO, CALIFORNIA ~ a beautiful residential area with some commercial development located in the hills about five miles inland from the Pacific ocean at Laguna Beach, south of Irvine, west of Laguna Hills, north of Laguna Niguel.

With estimated population of 41,000 people ~ Aliso Viejo became Orange County's 34th city in 2001 and is the newest City in The OC. There are solid businesses and employment positions in medical, banking, finance, education, high tech, service, real estate, research and development.

There are now 224 homes for sale at Aliso Viejo ... each with average time of 85 days on the market.

110 of those ALISO VIEJO homes now for sale are SHORT SALES not yet lender approve (which is almost half of the homes now for sale market)

18 of those ALISO VIEJO homes now for sale are REO bank owned (only 8 percent of homes now on the market)

126 of the ALISO VIEJO homes are now under contract and in pending escrow.

57 of the ALISO VIEJO homes have been sold with escrows closing during the past thirty days since February 18, 2009

The average ALISO VIEJO sold home price for those 57 was $406,694 ... with average time of 68 days on the market.

10 of the sold ALISO VIEJO homes during the past thirty days were short sales.

14 of the sold ALISO VIEJO homes during the past thirty days were REO bank owned.

Result is that 24 of the sold 57 ALISO VIEJO homes this past month were distressed in some way, REO, short sale, in foreclosure, etc. Therefore, 42 percent of the homes sold during past thirty days were distressed.

At that rate of sale (224 homes on the market divided by 57 homes sold during past 30 days) ...

ALISO VIEJO now has has only 3.92 months of supply of homes for sale on the market.

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SEARCH AND CLICK HERE FOR INFORMATION ~ ALISO VIEJO, CALIFORNIA, HOMES AND PROPERTIES NOW FOR SALE.

This market report is a summary of information provided to us by the SoCal Multiple Listing service.

If you are want information about homes and properties at ALISO VIEJO, California, please contact us. Harrison K. Long, Explore Group Properties, Coldwell Banker Previews, at 949-854-7747.

So how does the Aliso Viejo CA real estate market look these days? Currently Aliso Viejo has a average listing price for homes for sale of $465,484. The ORANGE county average currently is $912,549.

The current number of properties on the market in Aliso Viejo is 345. The Aliso Viejo median listing price is $410,483.

For ORANGE county real estate the total listings are 15,254 and a median listing price of $499,000. This comparss to California real estate data, which this week shows a total number of listing properties as 136,832 with a median listing price of $349,482.

Aliso Viejo Real Estate Listings by Bedroom (updated weekly)

ORANGE county homes for sale by bedroom (updated weekly)

California real estate homes for sale by bedroom (updated weekly)

Please contact us for any further questions

www.TheClowardTeam.com

Nancy & Heather Cloward

Prudential Clalifornia Realty

Direct: 949-495-2819 or 949-228-4523

Nancy@NancyCloward.com or Heather@HeatherCloward.com

IS ALISO VIEJO WHERE YOU WANT TO LIVE?

If you are in the market for properties that are available for rent/lease in Aliso Viejo choose from the following homes with in the link below. These properties are subject to, but not limited to the following:

*Availability
*Credit check for any applicant over the age of 18($15.00 per applicant)
*Prior rental history (If needed)
*Income verification (If needed)

There is no cost to you as the potential tenant, which means our services to you would be free. Our fees are paid for by the owner/landlord of the properties. For additional information, questions, or if you would like to set up a time to preview any property please contact Fred Sed with Fairview Realty at 949-274-3733.

(To reference a property, use the MLS # that is located next to the pictures. It is in bold and it starts with a letter then a series of numbers)

HOMES / PROPERTIES FOR LEASE OR RENT IN ALISO VIEJO

CONTACT FRED SED 949-274-3733 FOR A SHOWING!