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Mike Pahua - Orange County Real Estate

Eastside COSTA MESA REAL ESTATE 399k!!!!!

View Virtual Tour and Property Website, www.2554Elden.com

Call Mike Pahua To Schedule an appt: 949-716-1877

Search Orange County Foreclosures here!!

Mike Pahua Residential Mon, Mar 10, 2008 03:52 PM Ref: 1

Condominium Attached RES Active 2554 Elden Ave A103 Costa Mesa (CM) Price $399,900*

Click for more pictures ...
East Costa Mesa (C5)Zip 92627-5127TGNO 889C1
Orange County (OR)XSTS Elden/Del MarAerial Map

P608518Media: 11Builder Tract Cedar Glen Townhomes (CEDT)
Bed 2Model (0)
Baths 3Style TownhouseStories Two LevelsFloor 1 of 2
View No ViewHOA Dues $ 320 + $ 0 Land Lse/Yr $
ASqFt 1,314 Assessor YrBlt 1978 AssessorLand Fee
ALotSize 0Other Dim Acres
Prkng Carport, Garage Detached, Guest Parking, Onsite Parking for Guests
Garage 1 DRem Spc Cprt 1RV Acc Range $: No
Range Price Listing: No

Come home to cool ocean breezes from this beach close home. This townhouse is situated in the million dollar community of Eastside Costa Mesa. Boasting 2 bedrooms, 2.5 baths and a 1 car garage this 1314 sqft home is perfect for entertaining with its oversized patio. Enjoy everything this area has to offer from OC's best shopping to Newport's Back Bay.
Directions Unit is in building A, 2nd door from the far left.


Rooms

Bedrooms All Bedrooms Up, Master Suite Living Rm Living Room
Kitchen Dining Breakfast Counter/Bar
Total Baths 3 Full Baths 2 3/4 Baths 0 1/2 Baths 1 1/4 Baths 0
Baths Desc
Other Inside Laundry


Amenities

Pool Assoc PoolSpa Assoc SpaTV Firepl Living Room /
Appliances Water Heater Other Home Warranty Plan
High or Mid-Rise Amenities Security


Interior

Heating Forced AirCooling CentralFloors Ceramic Tile, Wall-to-Wall CarpetSub Flooring
Interior Misc Cathedral-Vaulted Ceilings, Window Blinds, Window Shutters
Disability Access None


Exterior/Structural

Entry Location Ground Level w/steps Common Walls 2+ common walls, No one above or below
Roof CompositionPlumbing Patio Concrete Slab, Covered Patio, Enclosed Patio
Cond No Additions/AlterSprinklers Doors/Windows
Structures, Other
Exterior Construction Stucco


Lot Description

APNO 935-85-002 Zoning Lot/Block/Tract 1//9902
Lot Legal CC&RS, Homeowners Association
Sewer In, Connected & PaidWater District/Public Water District Yard


Community/Association

HS Dist Newport Mesa Unified School DistrictElemen Kaiser and WoodlandJunior EnsignHigh Sch Newport Harbor
Amenities
Units 1HOA Dues $ 320 + $ 0 Mello Roos No
Land FeeLse Trans $Land Lse/Yr $Lse Ren Lse Exp
City Inspect NoBuilder's Name


Contact Information

This Report was created by:
Agent: Mike PahuaPhone: 949-309-2400Mobile Ph: Pager:
Office: Fairview RealtyFax: 949-716-1878Email: Info@BrokerOC.comWebsite: http://www.brokeroc.com/


The accuracy of all information regardless of source, including but not limited to square footages and lot size, is deemed reliable but is not
guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Copyright SoCalMLS.


Orange County Short Sale Realtor Q & A

Mike Pahua, Your Orange County Short Sale Realtor (949) 309-2400 ext 5

View the rest of our Frequently Asked Question

Why would a bank or mortgage lender want to do a short sale?

A common saying is that banks are in the business of lending money and do not want to own real estate. This is slightly misleading but is essentially true. When a bank takes a property back via foreclosure, it is a long and expensive process and often results in holding the property in their inventory as a non-performing asset. Banks have a limit to the amount of non-performing assets they want to hold. Once this limit is exceeded, they have strong incentive to get rid of the properties at discount prices.

For a lender, doing a short sale avoids many of the costs associated with the foreclosure process. Attorney fees, delays from borrower bankruptcy, damage to the property, costs associated with resale, property tax, insurance, etc. all must be paid by the bank during a foreclosure. In a short sale scenario, the lender is able to cut its losses by getting rid of the property faster.

Will a short sale "save my house"?

In the sense that you will be able to continue to live in the house, unfortunately the honest answer is no. A short sale is only done involving a legitimate sale of the home from the foreclosed owner to another unrelated party.

Many of the cards and letters you have gotten have probably promised to save your house, however this is very seldom possible. We would
recommend that you NEVER sign away your deed to someone who promises to "save your house" from foreclosure. It is probably a scam.

Will a short sale "save my credit"?

The short answer is yes and no, a short sale can save you from the worst credit disasters.

By defaulting on mortgage payments and having a foreclosure filed against your property, you have already done damage to your credit. Your credit score has declined and those negatives will stay on your credit report for some time. However, it will get much worse if you allow the foreclosure to continue and do not try to short sale the property.

Once a foreclosed property is sold at auction, your credit score is further reduced and when the foreclosure is completed via eviction and repossession of the home, your credit will be even further damaged. If you can complete the short sale BEFORE either of these takes place, then you can prevent that further damage to your credit. In addition, when the short sale is completed, it shows up on your credit as a "Paid" mortgage and a canceled foreclosure, which shows future creditors that you did take care of your obligations.

If your situation eventually winds up in bankruptcy, then that is the worst item that could appear on your credit report and it will remain there for years and cause numerous difficulties in getting future credit. A short sale can help avoid this, but the key is not to wait.

Mike Pahua, Your Orange County Short Sale Realtor (949) 309-2400 ext 5

View the rest of our Orange County Short Sales FAQ

Free List of ORANGE COUNTY FORECLOSURES -for buyers

ORANGE COUNTY FORECLOSURES

Are you interested in Orange County Foreclosures?

View this ORANGE COUNTY FORECLOSURES list provided by www.BrokerOC.comand The Pahua Group.

This custom list includes 250 of Orange Counties best bank owned homes. These foreclosures are located in the hottest Orange County cities. Remember, traditional financing is available for these bank owned homes.

Contact The Pahua Group for all your Orange County Real Estate needs. (949) 309-2400

Are you thinking about Short Selling your Orange County Home? Call 949-309-2400 ext 5 for a no obligation informational consultation.

MISSION VIEJO FORECLOSURES & MISSION VIEJO SHORT SALES -search

Search MISSION VIEJO FORECLOSURES here

Search MISSION VIEJO SHORT SALES here

CALL MIKE PAHUA, YOUR MISSION VIEJO REAL ESTATE SPECIALIST 949-309-2400 ext 708

Orange County currently has over 1000 Bank Owned Properties on the market and thousands more listed as short sales. In Mission Viejo alone there are over 600 homes in some stage of foreclosure and over 200 Bank owned Homes. You can utilize the links above and view a selection of these distressed homes.

If you would like a customized list sent your email please email, Mike@BrokerOC.com

or, call Mike Pahua at 949-309-2400 ext 708

Visit our site if you are interested in other Orange County Foreclosures or Orange County Short Sales

Mike Pahua, your Mission Viejo Real Estate and Mission Viejo Foreclosure specialist.