Mission Viejo, CA

CASTA DEL SOL INFORMATION for November 2, 2009

• 29 active homes available today
• 5 in backup
• 3 pending
• Prices Range: $290K - $775K
• Association Dues Range: $308
• Year Built Range: 1972 to 1987
• Gated: Human Gate Guarded
• Home Styles: Single Family detached with 1 and 2 car garages ranging in size from 1,200 to 2,680 square feet. Single family attached with 1and 2 car garages ranging in size from 1,000 to 1,600 square feet.
• Community Amenities: 2 Swimming Pools, Tennis Courts, 2 Club Houses, Recreation Facility, Gym/Exercise Room, Basketball Court and horse shoe pit. It's also adjacent to Casta Del Sol golf course which has reduced rates for seniors.
• Mission Viejo Lake is close by for swimming, fishing, boating and BBQ with picnic tables
• Number of Homes in Community:
  • Carmel - 192 Detached Homes - 5 Models built by Mission Viejo Co.
  • Fiesta - 396 Detached Homes - 4 Models built by Mission Viejo Co.
  • PUD - 748 Attached and Detached Homes - 7 models built by Mission Viejo Co.
• Location: Central Mission Viejo - East of Marguerite Pkwy , south of Alicia Pkwy and north of Jeronimo

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

#01451803

Oh no Mortgage rates are climbing and that is the biggest threat to a good real estate market. Yes, I said oh no to the increase in mortgage rates that are climbing because it will reduce the value of the home a buyer can afford and force more buyers into the conforming part of the market $500,000 and below. If we have 20 offer per home in the lower part of our market we will have even more people bidding for the same property.

Mortgage rates increases are climing over the past three weeks. The costs go up when this happens. As a consumer you must look at the mortgage rate and the points that need to be paid up front to get the rate quoted.

The average 30 year fixed rate mortgage was up 1 one basis point (asis point is one-hundredth of a percentage point).

Adjustable rate mortgage split the one year adjustable rate mortgage rose 3 basis points, while the 5/1 arm dropped 5 basis points.

Mortgage applications dorpped for the second straight week falling a 12.3 percent when compared to a week earlier according to the Mortgage Bankers Association. For the week ending October 23, applications for new purchases dropped 5.2 percent.

Home equity lines of credit jumped up their biggest increase since earily March. The HELOC jumped 8 basis points and Home equity loans rose 6 basis points.

It has been my stance that rates must go up the dollar is dropping and inflation will have to be stopped if we continue on in the direction we are headed. Therefore, buy now while you can afford to purchase a home. Or you will be saying, Oh no the mortgage rates are climbing and I can't afford to buy my home.

Mission Viejo Area Market Report

This weeks market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were up 4.2 percent, for new homes it is up 4.2 percent and for resale condos up 3.1 percent. The sales volume is up for resale homes 3.0 percent and up 8.1 percent on condos and down 25.7 percent for new homes.

• Mission Viejo Zip Code 92691 sales prices are down 7.2 percent and the sales volume is up 18.0 percent.
• Mission Viejo Zip Code 92692 sales prices are up 3.3 percent and the sales volume is up 38.8 percent.
• Aliso Viejo sales prices are down 14.6 percent and the sales volume is down 14.6 percent.
• Laguna Niguel sales prices are down 5.2 percent and the sales volume is up 50.7 percent.
• Rancho Santa Margarita sales prices are down 19.2 percent and the sales volume is down 2.9 percent.
• San Clemente Zip Code 92672 sales prices are down 1.6 percent and the sales volume is up 171.4 percent.
• San Clemente Zip Code 92673 sales prices are down 7.7 percent and the sales volume is up 23.0 percent

So what is happening out there in the real world when it is reported that spending tightens. The retailers are expecting a less than normal Christmas season because wages are flat and credit is tight. This will all lead to a consumer who's spending tightens.

Since the recovery is week the consumers are in no position to spend there way out of the recession. The Commerce Department reported that personal incomes were stagnant in September. While unemployment is still rising.

Consumer spending accounts for 70 percent of the total economic activity has dropped 0.5 percent the first decline in 5 months. The bright spot in the economy is that gross domestic product grew 3.5 percent from July to September.

Analysts are saying that the consumer are showing there fear of the economy by their spending habits and and they tightens the grip on their money.