Tustin, CA

Tustin Ranch Short Sale Another success !!!!!!!!

The seller bought the home in 2006 for $ 640,000 and never refinanced.

They had 2 loans

1st loan $512,000

2nd loan $128,000

both loans were serviced by the same lender.

We received an offer for $ 390,000

The short sale took a total of 5 weeks to get approved.

1st lender accepted $ 354,100 2nd lender accepted $ 2,000

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

This seller received a full settlement for both loans.

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.

#01451803

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North Tustin, California Real Estate Market Report- November 1st, 2009

North Tustin Active Listings= 79

Lowest priced listing in North Tustin = $525,000.00
Highest priced listing in North Tustin = $6,900,000.00

Active Listings Property Type:

• 79 Single Family Residences
• 0 Condos/Townhouses
  

Active Listings Sale Type:

• 72 Standard Listings
  
• 1 REO* Listing
• 6 Short Pay** Listings
  

Active Listings Price Range:

• 79 priced at or above $500,000.00
• 0 priced below $500,000.00

North Tustin properties in Pending & Back Up Status= 21

Pending & Back Up Status Listing Type:

• 16 Standard Listings
  
• 2 REO* Listings
  
• 3 Short Pay** Listings
  

North Tustin Properties Sold From 10/1/09-10/31/09= 11

October, 2009 Sales Type:

• 10 Standard Sales
• 0 REO* Sales
• 1 Short Pay** Sale

Lowest Oct '09 Sales Price= $448,500.00
Highest Oct '09 Sales Price= $1,300,000.00

What can you buy in North Tustin at these prices?:

$448,500.00=

• 3 bd/2 ba single family residence
  
• 1,684 s.f.
• 10,064 s.f. lot
  
• Built in 1961
• 2 car garage
• RV parking
  
• Located near Holt Ave & Irvine Blvd
  
• Short distance to Old Town Tustin
  
• Standard sale
  

$1,300,000.00=

• 5 bd/4 ba single family residence
• 3,886 s.f.
• 21,250 s.f. lot
• 3 car garage
  
• Built in 1965
  
• Rebuilt in 2007
  
• Highly upgraded & customized
  
• Located in the "Lemon Heights" area near Skyline Drive
  
• Standard sale

*REO= Real Estate Owned. Foreclosed properties currently owned by the lender.
** Short Sale= Properties that are still owned by the borrower. Borrower is attempting to sell the property for less than what is owed to the lender. Lender must approve the reduced pay off amount based on the current market value and borrowers inability to pay the full loan balance.


Information compiled from MLS data as of November 1st, 2009

Tustin, California Real Estate Market Report- November 1st, 2009

Tustin Active Listings= 160

Lowest priced listing in Tustin = $135,000.00
Highest priced listing in Tustin = $4,495,000.00

Active Listings Property Type:

• 86 Single Family Residences
• 72 Condos/Townhouses
• 2 Commercial/Residential joint use
  

Active Listings Sale Type:

• 84 Standard Listings
  
• 8 REO* Listing
• 68 Short Pay** Listings
  

Active Listings Price Range:

• 80 priced at or above $500,000.00
• 80 priced below $500,000.00

Tustin Properties in Pending & Back Up Status= 155

Pending & Back Up Status Listing Type:

• 47 Standard Listings
  
• 16 REO* Listings
  
• 92 Short Pay** Listings
  

Tustin Properties Sold From 10/1/09-10/31/09= 56

October, 2009 Sales Type:

• 38 Standard Sales
• 9 REO* Sales
• 9 Short Pay** Sales

Lowest Oct '09 Sales Price= $115,000.00
Highest Oct '09 Sales Price= $1,050,000.00

What can you buy in Tustin at these prices?:

$115,000.00=

• 2 bd/1.25 ba condo
  
• 1,088 s.f.
• Built in 1964
• 1 car garage
  
• Short Sale
  

$1,050,000.00=

• 4 bd/3.5 ba single family residence
• 3,822 s.f.
• 5,385 s.f. lot
• 3 car garage
  
• Built in 2007
  
• Association pool & spa
• Highly upgraded interior w/wine cellar
  
• Backyard w/built in BBQ, Firepit & fountain
  
• Columbus Grove Community near Jamboree & Warner
  
• Standard Sale
  

*REO= Real Estate Owned. Foreclosed properties currently owned by the lender.
** Short Sale= Properties that are still owned by the borrower. Borrower is attempting to sell the property for less than what is owed to the lender. Lender must approve the reduced pay off amount based on the current market value and borrowers inability to pay the full loan balance.


Information compiled from MLS data as of November 1st, 2009

Tustin Ranch Short Sale Another success !!!!!!!!

The seller bought the home in 2006 for $ 640,000 and never refinanced.

They had 2 loans

1st loan $512,000

2nd loan $128,000

both loans were serviced by the same lender.

We received an offer for $ 390,000

The short sale took a total of 5 weeks to get approved.

1st lender accepted $ 354,100 2nd lender accepted $ 2,000

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

This seller received a full settlement for both loans.

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.

#01451803