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Lido Island in Newport Beach is a beautiful community of homes in Newport Beach which is actually an island. There is a bridge going to Lido Island, or Lido Isle as it is also referred to as. Lido Island has bay front homes and many of these homes have slips available for their yachts.
Lido Island has community tennis courts for the exclusive use of the Lido Island residents, and also has the Lido Island Yacht Club, and there is sailing for the children during the summer months.
Currently, there are 21 active listings on Lido Island in Newport Beach, three in back up (one is a short sale), and there were two sales during the month of December. The only distressed property listed on Lido Island in Newport Beach is the short sale which is in back up status.
Listings are down -3 from November, 2011
Back up is up +2 from November, 2011
Solds are are down -1 from November, 2011
There were 29 sales during 2011 in Lido Island in Newport Beach. Of all the sales in 2011, only two were distressed sales, and one was a short sale and the other was an REO or bank owned property.
There is an approximate absorption rate of 7 months which indicates a stable market. The listings have declined in the past month which may be a result of the end of the holiday season also. In my opinion, the market will trend towards a sellers market with a declining inventory.
Showing properties 1 - 25 of 25. See more Lido Island Homes for Sale.
(all data current as of 1/27/2012)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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Lido Island in Newport Beach is a beautiful community of homes in Newport Beach which is actually an island. There is a bridge going to Lido Island, or Lido Isle as it is also referred to as. Lido Island has bay front homes and many of these homes have slips available for their yachts. There are also spectacular interior homes which are located on the stradas. Lido Island in Newport Beach is a highly sought after community.
Lido Island has community tennis courts for the exclusive use of the residents, and also has the Lido Island Yacht Club, and there is sailing for the children during the summer months.
Currently, there are 24 active listings on Lido Island in Newport Beach, one in back up (this is a short sale), and there were three sales during the month of November.
The only distressed property listed on Lido Island in Newport Beach is the short sale which is in back up status.
Listings are down -2 since October, 2011
Back Up Status is down -2 since October, 2011
Sold property is the same as October, 2011.
Sold property on Lido Island is up +2 from October, 2010.
Based upon the absorption rate, Lido Island in Newport Beach and the months of inventory, is still a buyers market.
Originally posted at NewportBeachRealEstateCafe.com
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How Do I Start a Bank of America Short Sale in Newport Beach, CA
One of the toughest decisions facing homeowners in Orange County, CA these days is whether or not to do a short sale.
Most homeowners don’t understand the process, but what’s even scarier is that most real estates don’t either. Many agents tend to shy away from short sales because they don’t understand how they work.
#1 – SELECT THE RIGHT AGENT
Like all other professions, real estate agents are not created equally! A Bank of America short sale is a very complicated and arduous type of transaction, and most agents just don’t not where to begin. As a seller, YOU MUST SELECT YOUR AGENT CAREFULLY! Choose an agent that is familiar with Bank of America and who has successfully completed at least a couple of short sales, preferably with multiple lenders. Make sure they know every step of the Bank of America short sale process and have all the tools necessary to meet the demands of the short sale lender. This is CRITICAL and not to be taken lightly. Yes, you may have a friend or family member who is a Realtor, but that doesn’t mean they should be the one handling your Bank of America short sale. Just think about what will happen if something goes wrong, and your home is foreclosed on… now what??
#2 – ASK THE RIGHT QUESTIONS
Most homeowners don’t know what the right questions even are, so here is a short list of things to ask. Again, if your agent can’t answer these quickly and without needing to check, move on .
“How long will this take?”
“What do I need to do while the short sale is progressing?”
“Does it matter if I have 2 DIFFERNENT LENDERS?” – a.k.a. A 1st Mortgage and a 2nd Mortgage
“How will this affect my credit?”
“Will I be subject to a deficiency judgment?”
“What are my tax consequences?”
“Does it matter if I have refinanced?”
The agent you select should immediately know the answers to these questions. If they don’t, it’s a likely a sign that they haven’t been involved in the short sale process or worked on a Bank of America Short Sale. So what do you do? Keep interviewing!! It cannot be overstated just how important this is.
#3 – MOVE OUT OR STAY
If you have a true financial hardship, most lenders will not be surprised to find out you’re still living in the property. While there are many reasons to initiate a short sale, financial hardship is generally the most common. When working with buyers, I often show short sale listings, and most of the time, the homeowner still does reside in the property. This is more common than most people think and not something to be embarrassed about. Times are tough right now, and many people are going through the same or very similar situations right here in your neighborhood. This should not be shocking to Bank of America.
#4 – PROVIDING DOCUMENTATION
All short sale lenders will require similar pieces of information, such as bank statements, tax returns, and pay stubs, and Bank of America is no different. Some lenders will require other pieces of information as well. But whatever they are asking for, it IS required. Bank of America will not review the short sale without it, so don’t think you can hide this information from them. Just provide them what they ask for in as timely a manner as possible, and let Bank of America decide whether or not there’s a reason to not approve the short sale.
#5 – CONTRIBUTIONS
The questions I get most often always seem to revolve around seller contributions. This is a complicated answer and not one easily addressed in a blog. As a generally rule of thumb, CASenate Bill SB 458 has made contributions from a seller illegal in an accepted short sale in, but this only addresses short sales in California, not in any other state. For your Bank of America short sale, I suggest following the link above and reading the SB 458 entirely. I would also be happy to meet with you and explain how this works logistically as part of the short sale process.
Loan modifications are usually rejected, and most lenders won’t tell you that up front. Even in the few cases that are approved, there is generally an amount pushed to the back of the loan, NOT FORGIVEN, just postponed. Most of the time, you will still have to repay your entire loan amount, just in a re-structured manner.
Foreclosures and Deed in Lieu of Foreclosure both carry serious consequences and should be avoided at all costs. Short sales are your best option when dealing with a financial hardship, and even with certain other hardships relating to your home. But make sure your agent knows how to properly navigate you through the process and has experience and success with Bank of America Short Sales in Orange County, Los Angeles County, and Riverside County, CA.
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Lido Island in Newport Beach is a beautiful community of homes in Newport Beach which is actually an island. There is a bridge going to Lido Island, or Lido Isle as it is also referred to as. Lido Island has bay front homes and many of these homes have slips available for their yachts. There are also spectacular interior homes which are located on the stradas. Many of these interior homes have Newport Harbor views as well. Lido Island also has tennis courts for the exclusive use of the residents. And there is Lido Yacht club for the use of the residents of Lido Island, and the children enjoy a summer sailing program as well. There is a beach and a dock with a slide that the children utilize during the summer months.
Living on Lido Island in Newport Beachis definitely a sought after lifestyle.
Lido Island in Newport Beach was one of the first communities to be built with underground utilities in Newport Beach area. Lido Island in Newport Beach is located in the West Newport Beach area, and off Via Lido. Entering Lido Island in Newport Beach is along Via Lido. Enjoy the life style in highly sought after area in Newport Beach. Walk or ride your bike to shopping and dining, and literally, Lido Isle in Newport Beach is just blocks to the beach. The children who live on Lido Island in Newport Beach attend Newport Elementary School which is literally on the beach. Currently, there are 28 active listings on Lido Island in Newport Beach, there is one in back up status (short sale), two pending and one sale during month of September, 2011, The sales are down from month of August, 2011. The sale was a standard sale.
Search the MLS for Lido Island Homes for sale and real estate in Newport Beach.
Listing information deemed reliable but not guaranteed. Read full disclaimer.
For the most-up-to-date information in Newport Beach, we urge you to contact us. We can assist you with all aspects of buying or selling real property in this and other neighborhoods and communities in Newport Beach. Also ask to be placed on an instant notification system when any new Newport Beach MLS listings come on the market or price reductions in the Newport Beach area are posted.
We can assist buyers in all forms of Newport Beach relocation needs including new construction houses, condos, for sale by owner homes, residential lots, lofts, and new homes in various subdivisions across the Newport Beach area. If you are interested in foreclosure homes including pre-foreclosures, short sales, REO properties, bank owned properties and other types of foreclosure properties, then we can assist you. If you’re searching for Newport Beach, CA foreclosures, then we invite you to view the listings in this or any of the Newport Beach popular communities on our site.
Search the MLS for homes for sale by zip code in Orange County. And if you’re searching for condos for sale in the Newport Beach, feel free to browse our updated listings of Newport Beach condos for sale on our site.
Information on this page is based on information on single family homes for sale in the Newport Beach area per the CRMLS and is deemed reliable but, not guaranteed
Originally posted at NewportBeachRealEstateCafe.com
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Newport Beach Real Estate News - Lido Isle Homes
Lido Isle is often mistakenly referred to as Lido Island.
This a lovely community, located in Newport Beach is a man-made island, which has nearly 800 homes and nearly 1800 residents.
Located in the middle of Newpor
t Bay, approximately 25% of Lido Isle's homes are located on the water. Access to the island from Newport Beach is via a short bridge.
Lido Isle takes full advantage of its location on the Newport Bay, better known as Newport Harbor, which is the one of largest and finest pleasure yachting harbors in the world.
The island residents are all members of the Lido Isle Community Association. The association offers a clubhouse with a private beach on the bay, tennis courts, boat dock, boat storage areas, playgrounds and a snack bar. The beach has a swim float which is a perfect distance for swimming to and then taking a break in the sun.
The Lido Isle Yacht Club is the social center of the community and was incorporated in 1928. In addition to being a lovely place to live year round, Lido Isle also offers a perfect place from which to watch the annual Newport Beach Christmas Boat Parade.
Lido Isle was one of the first master planned communities in California. In 1923, W.K. Parkinson purchased a sandbar, then known as Huntington Island, and spent over $250,000 dredging the surrounding harbor and creating the island.
When the dredging was complete, the island was renamed Lido Isle in tribute to Lido di Venezia. The plan was to create a Mediterranean themed resort, and the style of most of the homes on the island today still reflects this.
Originally, development was stymied by the Great Depression, only 50 homes and been built on the island by the end of World War II. However, the post war boom brought many new residents to the island who were happy to build their new homes on lots averaging 3600 square feet.
Children of Lido Isle attend schools in the Newport Mesa Unified School District - Newport Elementary, Horace Ensign Middle School, and Newport Harbor High School.
Shopping is available just over the bridge in Lido Village which features several restaurants, small shops, a Pavilions grocery store and a Starbucks. Please click homes for sale on Lido Isle to see homes currently for sale.
If you would like more information about Lido Isle, please contact me at 714.319.9751.
Below is the current Lido Isle real estate report:


Based on the numbers, Lido is in a buyers' market. However, some of the homes still sold quickly as Lido Isle is a very desirable place to live.
Please call Christine Donovan at 714-319-9751 if you want to sell or buy a home in Lido.
For homes for sale in Lido, please see click Lido Homes for Sale.
Please see below for homes report in nearby areas:
Mesa Verde Costa Mesa Real Estate Report
South Coast Metro Costa Mesa Homes
Huntington Beach Real Estate News
Fountain Valley Real Estate News
Balboa Peninsula Real Estate Report
Newport Heights Real Estate News
Balboa Island Real Estate News
Newport Shores Real Estate News
Newport Crest Real Estate News
Originally published at Lido Isle Homes.
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