Irvine Foreclosures

If we look at SHADOW INVENTORY for Southern California we will find over 160,000 properties!  These are homes that either have a notice of default filed (missed at least 3 mortgage payments), are scheduled for auction (the next step from NOD), and are bank owned. 
What incentive do you have if the value of the home [...]

Home sales rise in the spring as buyers rushed to take advantage of tax credits worth as much as $8,000. To qualify, buyers had to sign purchase contracts by April 30.
Newly signed contracts plunged by 30% in May from the previous month, when the tax credit expired.
Sales fell in most parts of the country in [...]

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 [...]

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 [...]

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 [...]

Can a loan Modification save my Irvine home?
Question: Is there a new basis interest rate which mortgagees may assess when completing a Loan Modification on my Irvine home?
Answer: Yes, Mortgagee Letter 2008-21 states that the new basis interest rate is 200 points above the monthly average yield on U.S. Treasury Securities, adjusted to a [...]

Cozy Irvine foreclosure condo priced to sell!

1 bedroom plus 1 large loft (can be second bedroom) quiet, private location. Vaulted ceilings. Sunny patio. Walk-in closet in the bedroom. Roman tub in the bathroom. Excellent association amenities, pools, spas, basketball court and a bike path. Bank owned property. $265,000
Spacious detached Irvine Foreclosure home
Detached 2 [...]

Loan Modification on my Irvine home.
Question: When utilizing a Loan Modification option, can a mortgagee capitalize an escrow advance for Homeowner’s Association fees?
Answer: HUD Handbook 4330.1 REV-5, Paragraph 2-1, Section B, Escrow Obligations states: Mortgagees must also escrow funds for those items which, if not paid, would create liens on the property positioned ahead [...]

Q & A on saving your Irvine Home

When My Lender Calls Should I Speak Them?
Yes. The best thing to do is not avoid the calls or any letters from the lender, especially if a foreclosure is pending on your Irvine home. The key is to realize the lender does not want your property and [...]

My Lender Has Begun A Foreclosure on my Irvine Home
Am I Still Allowed To Sell My Property?
Yes. This is actually preferred by the lender.
Even if you have no equity in your property the lender wants to find a solution to the problem. They do not want the property on their books.
This is why [...]