Ladera Ranch, CA

Many buyers have been waiting and concerned about the expiration of current higher loan limits that were scheduled to take place at the end of 2009. But last week, Congress passes a resolution that extends the higher limits on the FHA, Freddie Mac and Fannie Mae loans to continue through 2010.

There was an increase in activity levels in South Orange County this past weekend, especially in Ladera Ranch homes, and also in Rancho Santa Margarita, Dana Point, Mission Viejo and Laguna Niguel, as buyers are ready to move forward again.

Pending home sales are up this month again, making it the eight consecutive monthly gain which is the longest consecutive amount since the pending home index began in 2001. This information is comes from the National Association of REALTORS® pending home sales index and is based on contracts signed in September '09. Contracts signed for home purchase in September rose 6.1 percent to 110.1 from a 103.8 percent in August.

This marks the greatest annual increase and puts the index at the its peak level since December 2006. The gain from a year ago is the largest annual increase on record, and the index is at the highest level since December 2006 when it was 112.8.

NAR estimates approximately 3 million renters are now financially well-qualified to buy a median-priced home.

If you are in need of representation to make a home purchase yourself, call or email us to service your needs. 949-355-9520.

What's happening in Orange County housing market's today? Lippman Properties is on the front lines and has seen a major increase in multiple offers on homes. We are seeing more offers at this time over what we saw duing the peak in multiple offers 4 years ago when inventory was slim and limited. Why is this happening? Isn't this a buyer's market? When buyers feel that homes are listed at or below what they consider "fair market value", they feel good about their purchase and know they can do well to pull the trigger now.

This is what's happening. Buyers who have been sitting on the fence are pulling the trigger in the way of offers. We are not seeing a lot of up-bidding, but we are seeing bids at or a little above asking. First time buyers be advised to chose your representation wisely as lower priced homes are where the bidding wars are most prevalent. Call us at Lippman Properties if you need assistance in putting together a plan to get you into the home you want. We can be reached at 949-355-5920. We specialize in South Orange County including Ladera Ranch homes, as well as Laguna Niguel, Rancho Santa Margarita and Irvine.

What's happening with South County homes these days? Lippman Properties is an active real estate player in South Orange County. What we are seeing are more multiple offers on properties now then we saw at the peak of the market when inventory was slim and demand high. Why? Because the consumer senses homes have reached a very "fair market value". This sense of value is what is driving the buyers who have been waiting on the fence for the past 2 years. If you are a first time buyer under a range of $500,000, homes are moving quickly. You'd do best to work with someone who can find the home for you before it even goes to market. Chose your representative wisely and if you need to talk further about the areas we specialize in, give us a call at 949-355-5920. We're ready to make it happen for you!

RE/MAX Homes & Estates

Pre-Foreclosure Division

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

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