Ladera Ranch, CA

Ladera Ranch Real Estate News/Orange County, CA-Nov. 19, 2009 - $400,000 and below is the price tag that is getting the most offers in the Orange County right now. It is advisable that when you start looking at homes, that you are not only qualified by a lender, but that you have gone through the loan approval process. With the fierce competition in the field from other buyers, it's important that you and your real estate agent have a complete package ready to submit with your offer. In this market, being first, being ready and being able to perform on closing the home is what counts.

The once dreaded Short Sale is moving with much less resistance these days.

I have recently experienced up to 8 offers on Ladera Ranch homes, as well as those in Ranch Santa Margarita and Irvine that are selling below $400,000.

For a free buyer or seller consultation on how to prepare to buy or sell in this market, Call Lippman Properties at 949-355-9520.

Successful Ladera Ranch short sale!!!

This was an investment property that my client bought 5 years ago. He refinanced the condo and cashed out 2 times prior to short selling the condo.

He owed the 1st mortgage $ 530,000 and the 2nd mortgage $ 200,000

Property sold in approx 10 days for 349k

Short sale approval for both banks took 7 weeks.

The original buyer cancelled escrow and then we received a new offer for 337k.

The bank did accept the new offer. That process took approx 7 days for the new approval.

1st lender accepted $ 307,000

2nd lender accepted $ 3,000

The bank paid all past due taxes, hoa fees, escrow, title and commissions.

This seller received a full settlement.

Interested in short selling your home contact Ann Urias with ReMax Homes and Estates Pre-Foreclosure division.

www.orangecountyshortsalerealtor.com for more info.

List with an experienced Orange County Short Sale Realtor.

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Orange County, CA - Nov. 18, 2009 - I was invited yesterday to attend an event where the Sr. Economist for Wells Fargo Bank, Dr. Eugenio Aleman, spoke. In his words, "There will be no better time to buy a home like today."

He pointed to all the factors taking place in the U.S. economy today and drove home the point that we are at the begining of a recovery.

He backed up his speech by stating that the factors driving his statements stem from existing home sales have being up the past few month, interest rates remaining low and unemployment numbers are slightly lower.

He discussed the impact of shorts sales and loan modifications and what is currently working for sellers to bring them out of debt.

For informaton on pre-foreclosures in your area call us at Lippman Properties at 949-355-9520.

Ladera Ranch, CA - Are Short Sales Getting any Easier? This was one of the many questions posed at this week's National Association of Realtor's Convention in San Diego. Answers included, yes, due to more consumers being educated, as well as know, due to the fact that there are a majority of agents who have not put themselves out to be educated and still don't know what they are doing.

What do you think?

Ladera Ranch, CA - If you are still thinking you'll wait for the market to come down some more before you buy a home, think again. I just placed a new listing on the market and got 10 calls on it the first day. Why? Because buyers feel the listings coming on the market are at prices they feel good about and are finally jumping on.

Short sale closes have completed the learning curve that both banks and agents went through, and so, buyers are more willing to bid on these.

If you are contemplating an Orange County short sale , it's very important to work with highly trained, professional representation. Call us for further questions on short sales.

And, if you've been sitting on the fence, this is the time to jump.

For more on who we are and on Short Sales, click on the word, "Rainmaker" to the right.