Local Real Estate Market News and Information

FHA Announces Policy Changes to Address Risk and Strengthen Finances
New Measures Will Help FHA Better Manage Risk, While Maintaining Support for the Housing Market and Access for Underserved Communities
WASHINGTON – Federal Housing Administration (FHA) Commissioner David Stevens today announced a set of policy changes to strengthen the FHA’s capital reserves, while enabling the agency [...]

With the extension of the first time homebuyer tax credit and the addition of a tax credit for existing homeowners there have been changes that need to be noted. Please find compiled the most important facts associated with the new laws. You will find below a breakdown of both the $8,000 first time homebuyer tax [...]

With the extension of the first time homebuyer tax credit and the addition of a tax credit for existing homeowners there have been changes that need to be noted. Please find compiled the most important facts associated with the new laws. You will find below a breakdown of both the $8,000 first time homebuyer tax [...]

Resort like setting, Irvine Bank owned
Ultra cool urban style Irvine Bank Owned condo at Avenue 1 just needs you to add your personal style. This 2nd floor 1 bedroom, 1 bath condo has a spacious living/dining room, plenty of space for all of your clothes in your walk in closet. Chill, read, or work [...]

Ultra cool urban style Irvine Bank Owned condo, $359,900
Ultra cool urban style Irvine Bank Owned condo at Avenue 1 just needs you to add your personal style. This 2nd floor 1 bedroom, 1 bath condo has a spacious living/dining room, plenty of space for all of your clothes in your walk in closet. Chill, read, [...]

How to Avoid Foreclosure in your Irvine home

Essentially, there are two directions you can go in when trying to avoid a mortgage foreclosure on your home. You have multiple options along each of these “paths,” but for starters you must choose one of the two directions below:

You will get caught up on your mortgage payments. [...]

Irvine Bank Owned, Hotel Style Living $359,000  

1 bedroom 1 bath Condo located on the second floor of Avenue One.  Spacious open living room/dining area with a balcony, perfect for an added outside space.  Great kitchen with new cabinets and granite counter tops that add a rich feel to the condo!  All the amenities you could [...]

Buying an Irvine bank owend property, can you benefit from it?
While foreclosed properties are obviously bad news for the people who are threatened with losing their properties, they are on the other hand a definite boon to real estate investors. The question that this brings up however is how exactly does one benefit from [...]

Foreclosure – Beware of Scams
Try and save your Irvine home!

There are many reasons adding up to the list for why there are so many foreclosure happenings nowadays. Few of them being with loss of job, recession, resetting the rules and values of mortgage plan! Hence, the home owner is unable to afford the due payments [...]

Foreclosure or Short Sale
The question always comes up, “Is it better to do a short sale than go through foreclosure?” The circumstances that lead up to the loss play a roll in the final answer along with the timing of how soon someone can purchase another home. These are the guidelines in place by FNMA [...]